3DP 0.00% 6.5¢ pointerra limited

Ann: Pointerra awarded contract from US energy utility customer, page-27

  1. 1,606 Posts.
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    Really good to be back trading, and nice to get another decent sized contract - with these AUD $2.9m revenues to be reported in 2024.

    Whilst clearly this is not a "company maker type announcement", it does show that the US Utilities are starting to spend again - as this sector has obviously caused a lot of issues for Pointerra over the past year or two.

    It is also a positive that FPL (owned by another Pointerra client in NextEra Energy) have awarded the contract - as they will have some large CAPEX programs coming up (eg pole inspections).

    I have been hoping that NextEra / FPL are the "next cab off the rank" with an Entergy type CAPEX deal.

    After a tough couple of years, hopefully this is the first of many positive announcements going forward for 3DP.
 
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