Full Report below makes for some very interesting reading......join the dots, could well become our company catch phrase LOL!!! Sorry about the formatting but it's the best I could do :
Column 1 Column 2 0 License agreement with AAMPointerra signs largest customer to-dateFollowing the MOU with AAM in June, Pointerra Limited (A X:3DP) has converted AAM into a paying customer for its 3D geospatial data technology. AAM specialises in the collection, analysis, presentation and delivery of geospatial information and is among our region’s largest companies in the areas of Geographic Information ystem (GI ) projects and asset information. The company is active across outh East Asia, Africa, Australia and New Zealand. AAM will use the Pointerra platform in its GEOCIRRU Discovery Portal.GEOCIRRU is one of the largest databases and data marketplaces for geospatial information in Australia. It currently uses Geocortex, a Canadian software company mostly focused on 2D data. However, with Pointerra running in parallel, GEOCIRRU users will be able to store, access and virtualize their 3D data as well.License fee and usage-based royaltiesAAM will be paying 3DP a one-off license fee for use of the company’s technology as well as recurring royalties based on actual data usage. Additionally, 3DP will be making AAM’s hosted 3D data available online for sale to third parties, such as surveyors, architects, engineers, construction companies, government agencies etc, i.e. a Getty Images for 3D data.No commercial terms around the deal with AAM have been disclosed by 3DP. However, we believe AAM is 3DP’s largest customer to date, presenting a very substantial revenue opportunity. The royalties from data usage by themselves can grow very quickly, in our view, but we believe the online portal for global 3D data sales can potentially be an equally attractive source of revenues for 3DP.Extremely scalable, very high margin business modelGiven that the Pointerra Platform sits in between generators of 3D data (surveyors, Oil & Gas companies, Government agencies, construction companies etc) and users of 3D data (engineers, architects, city planners etc) 3DP doesn’t incur the costs associated with generating the data, such as flying airplanes over scan areas or terrestrial surveying. And while 3DP will see an uptick in data hosting costs due to the upload of AAM’s vast 3D data sets to the Pointerra Cloud in AW (Amazon Web ervices), these costs are marginal compared to the revenue uptick we expect 3DP to experience as GEOCIRRU users start accessing the Pointerra Platform and one-off sales of 3D data sets to third parties start to kick in.3DP.AS Company Name X(A$ M) FY17A Revenues 0.5EBITDA -1.3 NPAT -1.3 EP FD -0.002 EV/EBITDA N/M EV/ ales N/MFY18E FY19E2.3 5.7 -0.3 2.2 -0.3 1.5-0.001 0.003 N/A 4.3 4.7 1.6FY20E9.8 5.9 4.1 0.007 0.9 0.5Number of shares (m) 373.9 Number of shares FD (m) 604.7 Market capitalisation (A$ m) 13.5 Free Float (%) 88% 12 month high/low A$ 0,049/0,017 Average daily volume (k) 703Readers should be aware that TMT Analytics has been engaged and paid by the company covered in this report for ongoing research coverage. Please refer to the final page of this report for the General Advice Warning, disclaimer and full disclosures. Flash noteLNU is a semiconductor equipment company bla provide general advice only, anddoes not purport to make anyPointerra Ltd.recommendation that anys(AecSuXri:t3ieDsP) transaction isappropriate to your particularSoftware & Servicesinvestment objectives, financialAustraliasituation or particular needs. Prior to making any investmentRisk: HighPointerra Limited (A X:3DP) is focused on the commercialisation of its unique 3D geospatial data technology, providing the tools to map the world in 3D via its data-as-a- service solution for 3D geospatial data.SUBSCRIBE TO OUR RESEARCH HEREBUY Current price: A$ 0.036 Price target: A$ 0.08 10 October 2017Analyst: Marc Kennis [email protected] +61 (0)4 3483 8134
Column 1 Column 2 0 Pointerra LimitedExpanding the technology platformFurther to the existing Pointerra Platform, 3DP also continues to expand its service offering. The company recently launched canView, 3DP’s enhanced cloud-based solution for terrestrial laser-scanned 3D data, e.g. scanned by surveyors on the ground using tripod-based laser scanners.canView generates a view of the 3D point cloud dataset from the perspective of the laser scanner while simultaneously enabling the user of the data to zoom out of that perspective to a wider view of the area, made up of multiple scans, i.e. toggle between a narrower view and a wide-area view all within the same point cloud.3DP also recently launched the next generation of its platform, PointerraCloud 2.0, which includes several new features that will enable more ease-of-use for users and easier expansion of existing 3D data sets with new data.Enhancing API’s will open up the Platform to more third partiesMost importantly, in our view, are the enhancements and expansions of the Pointerra Platform API’s (Application Programming Interface) for third party developers. An extensive API library will facilitate fast onboarding of new partners and customers, which in turn will facilitate faster revenue growth.Arguably one of the best-scalable business models on the A XIn our view, 3DP’s business model is one of the best scalable models of any company listed on the A X today. While still at the very early stages of its development, we believe 3DP has massive potential in the global Geospatial Analytics market. Furthermore, because 3DP doesn’t compete with established players in this market, but is complementary to existing solutions, we expect 3DP will be very successful in partnering with these established players.More deals like AAM should trigger rerate of 3DP sharesJudging from the company’s market cap of just A$ 13M, we believe investors are largely oblivious to 3DP’s upside potential. Commercial agreements, such as with AAM, have very strong revenue potential, which we believe is not reflected in the company’s valuation.We expect 3DP to be able to close deals similar to AAM in the next few months and quarters, which we expect may lead to a rerating of 3DP once the revenue potential of such deals becomes apparent, e.g. through 4C and half-yearly results announcements.BUY rating reiterated, PT A$ 0.08We reiterate our Buy recommendation for 3DP. Our initial price target is A$ 0.08 per share, but we believe there may be further upside driven by conversion of the sales pipeline and confirmation of revenue potential from current customers, such as AAM. 1 1 2 [/B][/I]
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