Exhibit 99.1 Matterport Announces First Quarter 2024 Financial Results • Annualized Recurring Revenue hits record $96 million, up 21% year-over-year • Net loss improved 33% year-over-year; Non-GAAP net loss improved 80% year-over-year • Cash used in operating activities improved 81% year-over-year • Net Dollar Expansion rate of 107% • Total subscribers reach 1.0 million, up 30% year-over-year • Square feet under management reached 40.7 billion, up 35% from prior year SUNNYVALE, Calif. — May 6, 2024 — Matter ...