Helloworld Travel Broker Ratings
4th May 2024
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Pointerra Ltd. Key Info.
Code: 3DP | Market Cap: $32.5m | Current Price: $0.047
Price Target: $0.35 | Sector: Information Technology | Broker: Research as a Service
Pointerra Ltd. - Overview
Pointerra Ltd (ASX: 3DP) is an Australian company that commercialises its 3D geospatial data technology. Pointerra delivers predictive digital insights and definitive answers to complex physical asset management questions. The company held its AGM last week.
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Pointerra Highlights
Pointerra CEO Ian Olson highlighted that the company expected to return to positive cashflows and EBITDA in H2 FY24 as a result of both the resumption of capex spending by U.S. energy utility clients and Pointerra’s expanded customer base.
The CEO noted that the company had grown its cost base in anticipation of revenue growth from the US energy utility sector, which had been delayed.
The CEO highlighted that these programmes were restarting and should deliver a positive H2 FY24 and FY25 to Pointerra.
Pointerra reported Q1 FY24 cash receipts of $2.05 million late last month, which was a 162% improvement on the previous quarter but down 40% on the pcp.
Operating cash outflow was a loss of $0.5m, an improvement from Q4 and in line with the broker’s expectations.
Broker Recommendation
The broker values Pointerra at $0.35 per share – down from the previous price target of $0.38. The broker estimates Pointerra will be profitable by FY25, with revenue growing from $7.3 million in FY23 to $29.3 million by FY25.
You can access the Pointerra Research Report here.
