@Hogana123 - good summary
This was definitely a bullish update from Pointerra IMO
Some other points to add to
@Hogana123 summary, and please note that these are not "word for word":
Expecting very good Q2 for cash receipts.
And they are getting these improved cash receipts from contributions across many of their 6 x target sections.
Mining, Oil & Gas contributions in Q1 & Q2 are very pleasing - with some of these contracts slowly expanding globally with their clients (turning into 6 & 7 figure contracts).
IO "not unhappy" with Finola Burke's 24/25 estimates in RAAS reports - which I just checked & these are around $13.8m revenue & EBITDA $2.19m & NPAT $2.15m & EPS 0.27 (but I am unsure if IO was just referring to the revenue part of these RAAS estimates)?
Entergy still in planning phase, no data has been collected yet, and 3DP still working with the prime contractor.
Amazon deal - still live. $1.25m USD deal & Pointerra have only completed aroud 20% of it - and they are now talking direct with Amazon (but also communicating with Velocity who are Amazon's lead contractor).
New US CEO (Brian) - knows the platform well, comes from a geospatial background, will work closely with Ian, and they are excited about the growth that Brian can bring to the business.
Sounds like Randy is still on board, he has been the spiritual leader of the business, and he will now report to & work with Brian.
The Pointerra platform is now well know in geospatial circles, and its position in the market is unchanged from previous feedback.
Pointerra believe that a $5m investment in their platform will save their large clients $100m, they have been through this analysis with some of their larger clients, and finding workers continue to be an issue for these large clients (which assist this discussion).
DOE contract could be a game changer for 3DP - if the date capture (which is small) & then digital twin analysis by the 3 x Universities proves successful.
Should know about the success of the DOE contract by around March / April 2025, and the ultimate would be for the Pointerra platform to become mandated for US Utilities (there is precedence for this).
In regards to the Q1 cash paymentsa number being approximately $1m higher "than usual", Ian said that cash payments were still a bit lumpy (especially AWS as "compute" costs are a higher spend thaan "storage"??), but he is confident that the CR's are now "behind" the business.
They couldn't be happier with the changes they have made to management / staffing over the past 6 months, and this should drive business performance going forward.
Hopefully they post the interview so that we can study it in more detail, but I think Ian sounded very confident that most of the issues from the past couple of years are well & truly behind them
(20min delay)