저자: Kevin · 외국인
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매터포트(Matterport) 3D 스캔 기술과 카메라·구독 사업을 소개하며, 고리홀딩스(GORES, GHVI)와의 SPAC 합병 추진을 호재로 설명. 2025년 매출 7.5억달러, 흑자 전환 전망과 SaaS 구독 성장을 근거로 주당 30~35달러 적정 가치를 주장. 본인은 CCIV 외에 매터포트 SPAC 관련 주식 25,000주를 보유했다고 밝힘. 다만 SPAC은 투기적이며 리스크가 크다는 점도 언급.
다듬은 글
talk about a new spec announcement i'm really really really excited about this one and folks i actually have it right here yep we have a spack in a box today uh i'm really jumping up and down about this one because this one this one's special to me this box has been in thumbnails before what's inside has been in thumbnails before and folks there's nothing more special than a pelican case and a spack no there is it's the matterport camera yes folks matterport is going public via a spac merger this is actually a company that i've wanted to invest in personally and i've reached out to them trying to see if i can invest in them and of course now they're going public via a spec folks the matterport camera and the matterport software suite and the software is a service that goes with this and the artificial intelligence that goes with this this is the future of construction property management real estate architecture design engineering you name it this is the future if you like lidar you should also like matterport because that is the type of technology that they have in here as well to conduct or create 3d maps of their surrounding environments in fact the way this camera basically works is you turn it on by pushing a single button and then ordinarily you would connect like an ipad or something to this pop this on a tripod push a single button on your device and then this thing goes me picture me picture and basically it takes a 3d scan it's kind of like you know how the cars that have the big lidar they have like the spinning lidar all the time it's kind of the same thing except it's on a tripod and you use it for real estate now this is like a four year old camera this bad boy cost me like four grand this is actually not really why you want to consider investing in the company a matterport which just so you know the ticker symbol it is uh in talks to merge it's not guaranteed to merge it's in talks to merge with ticker symbol g h v i that's gores holding six so make sure you get the v i six anyway matterport is a a 3d scanning company and they operate a service that allows many different cameras that happens to be one of their own branded cameras that allows many different cameras like the camera you can see at metkevin.com 3d the 3d scanning camera 360 scanning is really what it is but you can go to that by going to mckevin.com 3d or 360.
i think the link goes to the same place check both of them anyway the point is you can use a bunch of different cameras and use the matterport software the app on your phone to create 3d renderings of properties which are really cool and really blew up during covid because well covet so here i'm gonna pull up an example for you if you've watched my real estate videos before pretty much in every single real estate video i do i pull up these 3d tours because they're so freaking awesome because they don't miss anything i love that about these scans uh and i mean think about the practical applications here first of all you could sell a property from far away this was where a tenant moved out by the way so we use this for property management so like we'll scan a property before and we'll scan it after and then that way if a tenant is like no i didn't stain the carpet we're like 3d scanned before 3d scan after and they're like anyway this it is so cool you could do like the dollhouse view of the property if you scan the outside which you really if you're going to scan the outside you really want to do that when it's like dusk or or sunrise dawn i suppose but anyway yeah so the lighting's not too good when you do it during the day the sun really kills the 3d scanning technology i don't know why generally people use this inside but in addition to doing these little virtual tours that you'll see online too you can also go in here and you can measure stuff which has been so convenient as a real estate investor who likes to stay at home and not do anything but stay at home i really really enjoy this technology see this is three inches you know sometimes it's it's not like the most perfect yet i know this is a 36 inch height here uh and this kind of corroborates that i just see like the little dot is going on top of the counter top there right so i i anyway you generally it's not like the measuring stuff isn't 100 perfect yet and honestly i'm showing you a scan that's like four years old here uh this this scan just so you know how old the scan is this scan is from when donald trump uh won the election in 2016.
so it shows you how old this i guess i've been matterport scanning for over five years now that's that's crazy to say anyway matterport scanning is also a business that it's a really cool side hustle and it's one some people do it as a main hustle it's one that i actually recommended during the pandemic many times so type this into youtube meet kevin make money pushing a button you should see two to three different videos on me walking through this matterport scanning technology and how you could use different cameras or comparing different cameras at properties really really cool like familiarize yourself with the technology but uh once you understand the technology and how awesome and functional this is then you start realizing the applications like i mentioned architects engineers they could take 2d floor plans they could import 3d data sometimes that's a little more complicated into their their mapping software uh saves lots of steps for my architects because i just give them a 2d plan made by matterport and then they measure one wall and they can basically scale up the whole plan and their computer it saves them a day of measuring when i do this so my architects give me a discount because of this i mean this has saved me so freaking much money i've sold i i show rental properties before ever showing it to someone in purpose in person i should i make them use this i sell i could sell real estate using this i mean there's so many cool things you can do with this there are some real estate agents that are like oh i don't like that that's like a privacy concern it maps out the whole property dude whatever like people put floor plans up online okay like and people know there's a front door and a back door in a garage door like let's be real okay like the 3d scan is not going to change the world here uh redfin uses matterport technology exclusively so if you go to redfin and you look for a redfin listed listing which means it's listed by a redfin agent pretty much exclusively they use matterport uh i would say 95 of the time they're using matterport so i haven't pre-checked this so hopefully i'm not like foot and mouthing here but see all these like listed by red fins here i just typed in los angeles and redfin that's literally all i did uh notice how all of the listed by redfin have 3d walkthrough here let's just randomly pick one i don't know let's pick this one right here so if i click on 3d walkthrough right here boom powered by matterport every single redfin listed by redfin listing has this uh it it's it's the future i mean redfin is a big company i invest into i think they make very smart decisions one of the reasons i loved redfin is because they doubled down on this technology and the fact that i can now directly invest in this technology is also pretty freaking awesome so the point is the technology is freaking awesome but it's not just this 3d tour technology which is where most of the money that matterport makes is coming from subscriptions because i have to host that right like somewhere that 3d tour has to be hosted so i can send a link around to buyers or embedded on a website or whatever matterport charges for that hosting so a lot of the money they used to make at matterport and this is important to know is a lot of money they used to make was in selling the cameras like they have a big sales department and they were trying to pitch these cameras like crazy now their camera sales are going down and that's because these aren't as important anymore like it's getting to the point where you could literally use your iphone and do matterport scans it's not there yet that's in beta kind of sucks it's kind of cheesy but it works which is scary but it does work this is still like the professional level the price of the camera has come down so the profits have come down on it but they're really making money on the subscriptions all the people who are like me who are like this that's the best thing ever like i'm not going to another 3d com a scanning company like i will pay to host all my properties and the more properties i host the more i pay now somebody like me i keep all my old scans there are a lot of people who delete the scans off and that takes away some of the hosting profit but it doesn't matter too terribly much usually somebody wants to keep the scan so somebody's paying for it because you could transfer it around so let's talk business all right so business matterport what we're going to do is we're going to go on over to the matterport slide deck now i i don't want to bullcrap you okay slide decks are a sales pitch like seriously y'all slide decks are just to convince you to invest in this company so you gotta and i'm already very bullish on this company so you gotta look at these things with uh you know a serious grain of salt it is designed to sell you so i'm not gonna read you all of the crap in here you could do that just type in matterport investor relations and you'll find it but i want to get to some of the highlights here some of the things that i think are really really important so first thing to know is they already have an insane amount of scans like a literally insane amount of scans uh they've they scanned four i don't even know how they scan four billion no no this is addressable market uh okay 20 billion spaces digitalization uh offline yeah this is the addressable market that you could scan four billion buildings there's no way they've scanned four billion buildings uh but but that's the addressable market is like look at all these places we could be scanning right uh it's it's the next frontier right uh and the benefit of it is not only giving these 3d tours but it's also the artificial intelligence that these cameras can do you saw me measure a few things which it gets better and better over time i showed you a four or five year old scan with five-year-old technology so i'm sure it just gets better and better every day they've got like laser scanners now with matterport like better higher quality ones uh and they scan really really really good but the point is or well but the point is all of this technology becomes really useful in the or will become very useful in the future in my opinion for not only architecture engineering but also appraising think about it in the future somebody could just send a matterport scanner scan up a property take 45 minutes scan up a property maybe 30 minutes if they're fast and then an appraiser who sits at home could just look at the matterport and go oh i'll value this straight from that report they don't even have to come to the site anymore or the next step after that is removing the appraiser completely and basically having artificial intelligence do the work for you like if i jump on over to this slide check this out they're basically already going in that direction this scan right here is the labeling ah okay chair platter table with 97 accuracy vent right they don't really do that yet i mean maybe they learn this in the background or they study this in the background but that's a future possibility that that's what this is going to do so let's go back in the slide deck a little bit here this the subscriber growth rate for this company has like blown up we went from 14 000 subs in 2018 to 2019 having 40k subs to 250 000 subscribers and that's partially due to cheaper cameras and coven very very big big big big market i do want to clarify zillow lets you do virtual tours but they don't use matterport they want you to use their own app and then when you use their own app they do their own virtual tour crap and that's probably because zillow wants the data zillow makes money off data and i think they're trying to capture the data themselves so like when i advertise my matterport scans on my listings i have to put like a link on the picture like go to metkevin.com123 or whatever right uh and and that's how i have and then i delete the link after so that's how i share my listings uh and it's cool because like it's kind of a workaround on what zillow does but i really wish zillow would embed matterport so that's a little risk factor i want to bring that up redfin's using them exclusively realtors use them a lot obviously airbnb you know commercial property markets oh this is such such a huge potential right here insurance and construction back when i did contracting i would use this to basically make it so that my clients wouldn't have to show up to check on the job i would just send them an updated matterport scan it was it was really convenient insurance companies could use that for restoration bids or you know you get like an insurance agent on the phone sometimes if you have a claim and they're like i have no idea what's going on can you email me pictures it's like how nice if you could just email them a matterport scan you know uh it makes things a lot easier that's it's the future like i promise you 3d scanning is the future i mean no guarantees i'm i'm some idiot on youtube i mean what do i know right but i i highly think this is the future like this is this is innovation right here uh i don't know why they compare themselves to zoom netflix and paypal i think they're trying to do this to justify the fact that they're suggesting they should be worth a hundred billion dollars as a potential market cap i think there's smoke and crack uh like that's insane but i do think that they are probably a 10 billion dollar market cap 10 billion dollar market cap just fyi i want to say this thing was valued at like 2.9 billion dollars at 10 a share so at 20 a share they would be i don't know what is that 4 nine eight five point eight billion right at twenty dollars a share uh so i really think this is like a thirty to thirty five dollar company because i think it has the potential being a uh a ten billion dollar company the technology is there the innovations there the market's there their penetration is super low ah yeah okay see that that's uh interesting here so matterport uh matterport illustrative uh reality here okay interesting so four billion buildings 20 billion spaces times one dollar per space per month is a total addressable market of 240 billion dollars that's a an expectation that they have i mean again this is trying to sell you i'm not i don't like to get married to these projections they have but some of the things they say here are really cool breakthrough capture technology ai powered 3d reconstruction that's true it's really good like how they know where you are is so cool uh when you when you do your next scan because they're piecing it together like a puzzle it's really cool uh let's see computer visualized analysis this right here i wrote is huge search engine for buildings so kind of think of it like google street view for buildings but then also in the future you could have like a warehouse and you could be like where are all the smoke detectors and then the ai could go oh and pin where all the smoke detectors are that is really freaking awesome or to like think about it from the point of view if if you're like uh a firefighter it's like oh my gosh pull up the 3d scan on that property so many possibilities so cool deep learning analysis for building intelligence yeah whatever okay we talked about that lo oh yeah see how many windows in the building how many of my retail stores have at least two checkout counters i mean that's cool that's future technology our spatial data enables remote property management oh yeah oh yeah because we do property management and there are sometimes tenants will call us and they're like oh my gosh the power's out the circuit's dead send an electrician we pull up the matterport and because we do the matterport scans when there's no furniture we're like oh it looks like there's a gfci outlet behind this northwest corner of your room and then they call back five minutes later and they're like yeah you're right we reset it and the power works now thank you that saves me money and i like saving money this is what i teach in my property management course which is of course right next to other courses on real estate investing and stock market investing the psychology of money in the stock market fundamental analysis uh and so on use that coupon code hodl or hodl whatever you want to say and uh yeah use that coupon code it's down below all right so then they go blah blah blah payback period going down subscription revenue going up transaction overview pro forma look all this crap is just projection bullcrap it doesn't matter it's a spac it's speculative uh i would say this is probably in term like usually i put my spax at like a nine or ten in terms of risk i probably put this one with ccav around like a seven and a half to eight and a half on a risk scale out of 10.
you know with like an apple being like a one on the risk scale it's like that company's not going to go bk i don't think this company is going to go bk either but the merger is just in talks so you've got more risk the volatility in price is is through the roof and not that volatility implies risk but we have no the risk is not knowing how the market is going to value this company uh that is a risk now gore's holdings has done some other specs here hostess dude nobody cares luminaire that was a big one luminar lidar folks matterport i think it has lidar in it uh united wholesale mortgage is another spec that's coming up in uh gore's holdings four because of what the market is doing and shorting the crap out of rock and mortgage i ain't too excited in united wholesale mortgage i'll be upfront about that 2020 actual 2020 actual revenue wow they almost had a 50 50 split with product and subscription that's gonna change a lot going into the future see yeah 24 to 18 subscription to product in 2019 look at their 2021 estimate 66 to 33 huge swap there with services going up substantially i mean this is big growth right here if they do 123 mill in revenue in 2021 uh they they're still going to be losing money so when are they going to be profitable let's see here so they think they're going to be profitable in 2024.
i'm okay with that 2024 profitability let's go to 2025. yeah let's go to 2025. this will be a little easier so let's do a quick estimate here at 2025 total revenue 750 million dollars is what they're guessing gross margins skyrocketing is what they're thinking that is juicy and i believe that because the more they do subscriptions uh and and service stuff right here licensed subscription and services profit goes up up up up up up up so it makes sense as their product sales stay flat and their subscriptions go up that their margin is going to go through the roof i mean this is going to be literally a cash cow in the future okay so i'm gonna save you the boring math but basically if in 2025 this company nets 50 million dollars then that would work out to an earnings per share of somewhere around 17 cents which honestly means for this to be a 34 stock it's gonna get valued at 200 times earnings in 2025 and as crazy as that sounds that's probable and the reason i say that is because when you look at a docusign that's kind of what you're having to value docusign at once you project out their their future and that's because they spend so much time and money in marketing acquiring customers that you really have these insane p e ratios into the future and you're expecting that cash cow to remain in the future so really to make an investment into matterport even though i think this is a 30 to 35 stock soon you know certainly within the next few years but it could it could happen sooner because it's a spack and spacks go crazy spa they're spectacular old joke bad jokes stop it kevin anyway uh look it is a company that is a it's a sas model it's software as a service and if somebody comes around with a better service or better technology you're going to have big issues at matterport right now they're an industry leader they're my favorite that's potentially a danger because i love them that's a big danger but let me show you what i've invested into the company i actually have more money in cciv than i have invested in this company not like by a whole lot but you know by a chunk i i think that's fair to say a chunk chunk more so uh let me show it up so this is what i got i've got uh what do we i bought this at 13 45 and 1346 on the fifth and i pitched this to course members as well when i bought it i bought 10 000 shares and then i bought 15 000 shares so i'm in this for 25 000 shares total so far i'm up 81k on that uh investment so i put in about 335 000 it's worth 418 000 right now i sent out an alert for course members and we talked in the private live stream as well about that like this is this is good like this is a buy i am a little surprised that it popped as quickly as it did i don't think i was expecting that uh it to pop this quickly i think it's possible this could end up being volatile so it is possible this will go down to me price target wise if you can buy this for under 20 a share i think overall that's that's good like that's that's probably my i would stop buying this around 20 to 22 per share but i would buy this heavily anything under 14 15 i don't think you can really go wrong buying this for under 14 bucks a share uh you know that i mean at 14 bucks a share you're really valuing this at 2025 forward earnings of like uh less than 100 it'd be like 70.
super reasonable super super reasonable in my opinion for the sas model that it has i'm excited about this company i think it's an innovative company it's in the real estate space space that's my bread and butter but hey if you invest and you lose money i'm just some idiot on youtube and it wasn't my fault so anyway if you found this video helpful make sure to share this an on not only property management real estate investing sales youtube courses where you can learn how to make youtube videos and make money making youtube videos but also uh investing in stocks
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