3DP 13.9% 4.1¢ pointerra limited

EUR 59bn market cap client with 72TB of data and the only...

  1. 2,875 Posts.
    lightbulb Created with Sketch. 1071

    EUR 59bn market cap client with 72TB of data and the only committed revenues are USD312k for 12 mths....and that is an annual subscription with no termination clause

    Look a contract is a contract, but if you (a) either can't get remunerated appropriately for the service provided and/or (b) having to literally give it away to get your foot in the door then this is not a long term viable business

    The kicker to shareholders; i.e. you have been given notice regarding 1Q24:
    "As previously advised, the Company again notes that quarter-on-quarter cash receipts maycontinue to be variable as new customers are onboarded with a variety of different paymentcycles including monthly, quarterly, annually and even multi-year in advance agreements."

    Plenty of partnerships, deals with large companies, promise of 7-figure revenue subscriptions and the reality is of ~8-9m in annual revenues, losses of ~3-5m, cash outflows of ~2m and cash in the bank of 1.5m.....for a MC of 70m. I'm a holder, but this makes no sense unless revenues are in the 15-20m mark and profits are ~5m
 
watchlist Created with Sketch. Add 3DP (ASX) to my watchlist
(20min delay)
Last
4.1¢
Change
0.005(13.9%)
Mkt cap ! $33.00M
Open High Low Value Volume
4.0¢ 4.6¢ 4.0¢ $269.5K 6.395M

Buyers (Bids)

No. Vol. Price($)
3 264011 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 308773 3
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
3DP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.