Pointerra (ASX:3DP) The 3D geospatial data company offers a cloud-oriented solution for the storage, manipulation, administration, examination, extraction, portrayal, and distribution of 3D data.The company recently announced an existing customer Entergy, a Fortune 500 company, has selected 3DP’s US EPC partners for its 10-year, US$15 billion grid resilience CAPEX program.Entergy provides power to 3 million customers throughout Arkansas, Louisiana, Mississippi and Texas. In late 2022, the Louisiana based energy utility had announced a 10-year, US$15 billion electric grid resilience CAPEX program.3DP’s AI-driven analytics platform will be used to identify and prioritise grid assets requiring remediation or replacement across the term of the program.While in its latest quarterly report 3DP reported FY23 cash receipts totalling $9.4 million, up from $7.8 million in FY22. The company was $1.79 million cash flow negative in the June quarter, but says it’s collected $1.8 million cash in July and expects to “revert cash flow positive in Q1 Fy24 and beyond”.“If you are not profitable you need to show a pathway to it, just like 3DP did in their recent deal,” Athanasiou says.The 3DP share price is up 55% in the past month.
