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dyeman

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26/04/21

18:58

Post #: 52732112
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Originally posted by birdman29 ↑

From the MF

April 26, 2021 10:16am

The share price of ASX data visualisation companyPointerra Ltd(ASX: 3DP)has been on a tear over the last week, surging almost 27% higher to $0.735 by the close of trade on Friday.
The gains came after the release of Pointerra’s March quarter activities update, in which the company reported record cash receipts from customers.
In early trade this morning, the Pointerra share price is up 2.7% trading at 75.5 cents.
Company background

So, what does Pointerra do, exactly?
The ASXtech companydevelops cloud-based technology to help clients manage and visualise large 3D datasets. Its digital software allows clients from industries like construction, utilities or mining and resources to easily manipulate massive datasets to plan and design large development and construction projects.
The company’s software, which can be accessed through a web browser from anywhere in the world, also enables massive amounts of 3D data to be easily shared among clients and their stakeholders. However, Pointerra gives clients the ability to control who has access to their data, ensuring it also remains secure.
What was in the quarterly update?

What really got Pointerra’s share price zooming last week was therelease of its activities update for the March quarter. The company reported record quarterly cash receipts from customers of $1.37 million (up from just $0.64 million for the March quarter FY20). It was also a cashflow positive quarter for the young company, with net cashflows from operating activities coming in at $0.21 million.
Pointerra is also well-positioned to benefit from post-COVID government initiatives.
The company stated that it had seen an uptick in demand for its platform from clients in the architecture, engineering and construction industries – particularly in Australia, the US and the UK – as local, state and federal governments invest in infrastructure activities to try and spur economic recoveries following the pandemic.
What happened to the Pointerra share price after the update?

After sliding lower over the first half of the week, the Pointerra share price surged almost 30% higher after the report’s release on Thursday. Pointerra shares jumped a further 10% on Friday, meaning they were up almost 27% for the full week and edging back towards their 52-week high of $0.925. Year-to-date, Pointerra shares have now gained more than 40%.
Pointerra shares have so far easily outperformed those of the company’s closest competitor on the market,Nearmap Ltd(ASX: NEA).
Despite surging as high as $2.77 in mid-February, overall Nearmap shares have slumped this year, falling almost 10% lower to $2.07.
It will be interesting to watch Nearmap over the next few months to see if it also benefits from the same post-COVID business tailwinds as Pointerra.

Expand

Another commentator who thinks NEA is a direct competitor. It is not.

NEA deals primarily in aerial photographic data, which it captures and owns, and makes available to customers. 3DP deals in 3D point cloud data (e.g. Lidar). The customers capture the data, and pay Pointerra a subscription fee to store the data in the AWS cloud, optionally run analytics over the data (for an additional fee), and make the data and analytics available to customer personnel via the web.

3DP Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
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3 Great analysis

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