1) After a difficult 2022, it has been a great start to the new calendar year for stock market investors, with the S&P/ASX 200 Index (ASX: XJO) up more than 6% in January.

US markets have been even stronger, especially the tech-heavy Nasdaq Composite (NASDAQ: .IXIC), up close to 10% to start 2023.

But the good times could be about to come to a screaming halt, with Morgan Stanley's Michael Wilson warning "the stock market's January rally could end this week".

Wilson says the January rally is "just another bear-market trap" as central banks in the US and here in Australia prepare to hike interest rates yet further as they attempt to tame inflation. 

2) It appears the ASX 200 index didn't get the Morgan Stanley memo, up a solid 0.46% to 7,516 in late morning trade on Tuesday. 

So much for the oncoming economic slowdown here in Australia — the ASX 200 is up almost 8% over the past 12 months. 

Perhaps it's like the Aussie consumer – we know there are some tough times ahead, especially for those with mortgages but also for renters – but damn it if we're not going to have some fun before reality bites.

The Woolworths Group Ltd (ASX: WOW) share price is up 2.6% to $35.66 on Tuesday, whereupon it trades on 26 times earnings and on a 2.6% fully franked dividend yield. I get the defensive nature of its earnings, but I'd rather take 4% in a savings account than risk my money on Woolworths shares at today's price. 

3) Stock winner of the day

Not many big winners to choose from today despite quarterly updates coming out faster than a Novak Djokovic serve.

The Moneyme Ltd (ASX: MME) share price is up 16% to 32.5 cents after the consumer money lender said it delivered record revenue and a statutory profit in Q2, "beating analyst expectations".

It's a welcome turnaround in the fortunes of the Moneyme share price, given it has fallen 83% in the past 12 months. Consumer lending faces some serious headwinds as the economy weakens, both from lower new loan originations and from higher defaults. As to whether that is already priced into Moneyme shares is anyone's guess, while acknowledging the company is managing to the current macro environment and is committed to driving profitable growth.

4) Stock loser(s) of the day

Unlike the winner's circle, we have plenty of losers to choose from for today's stock flops.

A trading update from former high-flyer BWX Ltd (ASX: BWX) was a shocker, with the owner of Sukin and other beauty and wellness products lowering revenue and profit guidance.

"We are revising our forecast on the basis of our cash-constrained environment having impacted our ability to trade effectively and led to a temporary increase in out of stocks and a need to reduce promotions to conserve cash and protect stock levels."

The BWX share price has fallen 93.5% in the past 12 months. Steer well clear of this fallen knife. 

I've long been mystified by the huge market capitalisation placed on Megaport Ltd (ASX: MP1) given its relatively modest size.

The "global leading provider of Elastic Interconnection services" said total revenue for the Q2 was $37 million, up 10% quarter on quarter, and delivered earnings before interest, tax, depreciation, and amortisation (EBITDA) profit for the quarter. Although revenue is sticky due to low customer churn, Megaport did note the "current economic uncertainty seems to be delaying customer decision making, lengthening sales cycles".

The Megaport share price is down 16% to $6.45 in Tuesday trading, and off 52% over the past 12 months. With a market capitalisation of $1 billion, even after today's fall, investors are being asked to pay a pretty price for a pretty modestly sized company. 

The Pointerra Ltd (ASX:3 DP) share price is on the nose today, down 17% to 19 cents, after the company that "helps customers answer almost any physical asset management question" said program delays by some US customers impacted invoicing in Q2.

The Pointerra share price went parabolic in early 2021, soaring at one stage over 30 times in value as investor enthusiasm went nuts. It's been mostly downhill since February 2021, with the Pointerra share price plunging 77% from those epic highs. 

The rubber now needs to hit the road for Pointerra, with investors no longer valuing the company on hope. With a cash balance of just $2.75 million and the most recent quarter showing operating outflow of almost $1 million, investors better hope the "expected rebound in Q3 and Q4" becomes a reality.

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The Pointerra Ltd (ASX: 3DP) share price is in the red this morning after the developer and provider of 3D geospatial data technology updated the market on its performance in the June quarter.

Since opening 11% lower at 23.5 cents, the tech stock has posted a slight recovery. The Pointerra share price is trading at 25 cents at the time of writing, representing a 5.66% fall.

Pointerra share price plunges despite record receipts

Highlights of Pointerra's quarterly activities and cash flow report included:

• Quarterly invoicing came to a record $4.2 million
• Cash receipts grew 21% on those of the prior corresponding period (PCP) to $1.7 million, but that's down from $2.4 million in the March quarter
• Operating cash flow came to a $1.4 million outflow
• Full-year cash receipts reached $7.9 million – a 93% increase
• Pointerra ended the quarter with $3.6 million of cash and equivalents

The tech company also updated the market on its enterprise sales and annual contract value (ACV) this morning, noting the latter now totals U$18.2 million. That's US$1.9 million higher than it was at the end of April.

It also rose 86% between the end of the June quarter and the PCP, driven by the deployment of contracts in the United States energy sector, as well as growth across other targeted sectors.

What else happened in the June quarter?

The big news from Pointerra last quarter was of two contracts won in the United States.

A new contract signed with Florida Power and Light could have the potential to bring in at least US$250,000 each year, as could another with NextEra Energy.

The Pointerra share price surged 24% on the back of the announcement in June.

The company also continued improving its platform through the quarter just been.

What's next?

The company didn't provide any new earnings guidance today. However, it did provide a sunny outlook.

Revenue and cash from the company's newer contracts are expected to continue growing this financial year. However, a slight lag is expected as the company works to upload new customers' legacy data.

It also noted many customers have advocated their peers' adoption of Pointerra technology, driving down the cost of customer acquisition.  

Pointerra share price snapshot

Both the Pointerra share price and the S&P/ASX All Technology Index (ASX: XTX) have struggled to gain traction this year.

They've slipped 37% and 28%, respectively, since the start of 2022.

Longer term, however, the company's stock is underperforming. It has dumped 40% in the last 12 months. Meanwhile, the All Tech Index has fallen 24%.

The post Pointerra share price tumbles despite 93% increase in full-year cash receipts appeared first on The Motley Fool Australia.

The All Ordinaries Index (ASX: XAO) closed almost 2% higher today, but two ASX tech shares outperformed the index.

The All Ords Index climbed 1.94% today to 6,893.6 points. For perspective, the S&P/ASX 200 Index (ASX: XJO) also finished 1.94% in the green.

So let's take a look at which technology companies surged today.

Fineos Corporation Holdings (ASX: FCL)

The Fineos Corporation Holdings share price climbed 14.56% today. Fineos provides software for the life, health, and accident insurance industry. The company's shares appeared to be soaring amid a positive day for ASX technology shares. The S&P/ASX All Technology Index (ASX: XTX) closed 2.62% higher today.

ASX technology shares followed in the footsteps of their US counterparts. The NASDAQ-100 Technology Sector index surged 4.63% on US markets on Friday. On Sunday, US President Joe Biden unveiled a $600 billion infrastructure program. It's aimed at building health systems, energy technology, and information and communication technology networks, CNBC reported.

Fineos reported a 24.4% boost in revenue in the first half of the financial year while gross profit soared 25.6%.

Pointerra Ltd (ASX: 3DP)

Pointerra shares closed 6.38% higher on Monday. The company also appeared to benefit from positive market sentiment for ASX tech shares. In recent news to the market, Pointerra announced two new contracts based in the United States.

Florida Power and Light will deploy the Pointerra3D Answers storm response product. Secondly, NextEra Energy will use Pointerra3D Analytics to support greenfield development and solar energy project sites in the USA. Pointerra reported "continued growth" across the US energy utilities sector.

The post 2 ASX tech shares in the All Ords that soared today appeared first on The Motley Fool Australia.

The Pointerra Ltd (ASX: 3DP) share price is rocketing today.

Shares in the 3D geospatial data technology company are up 18.4% at the time of writing, after earlier posting gains of more than 22%.

Below are the highlights of the latest energy contract news that looks to be piquing ASX investor interest.

What energy contract news was announced?

The Pointerra share price is surging after the company reported that United States-based Florida Power and Light (FPL) has entered into new contracts for the Pointerra3D Answers storm response solution.

FPL, an existing Pointerra customer, will employ Pointerra3D Answers to support its storm response program, commencing with the 2022 storm season. Major storm response efforts can cost utilities US$100 million per event.

FPL will be able to load pre-storm and post-storm LiDAR collection that will be fully processed by Pointerra3D.

Pointerra said the results would be available within 24 hours for pre-storm collection and six hours for post-storm collection. It stated: "These delivery times are unprecedented in the industry and are only possible through leveraging Pointerra's proprietary and highly automated AI/ML algorithms and scalable cloud architecture."

The Pointerra3D Answers will "guide the deployment of FPL crews and resources critical to incident response and the restoration of power to customers".

Revenue from the new contracts will depend on the number of storm responses and how serious those storms are. Pointerra said revenue has "the potential to be material", and will be at least US$250,000 per year.

The Pointerra share price also looks to be getting a boost from the report that FPL's parent company, NextEra Energy, has entered into an enterprise subscription agreement to use Pointerra3D Analytics.

NextEra will employ Pointerra3D Analytics to support its multibillion-dollar greenfield development of solar energy project sites across continental US.

As with the FPL contract, Pointerra said revenue has the potential to be material and will be at least US$250,000 per year.

Pointerra share price snapshot

Despite today's leap, the Pointerra share price remains down 44% in 2022. That compares to a year-to-date loss of 16% posted by the All Ordinaries Index (ASX: XAO).

Longer-term Pointerra shareholders will have little to complain about, however, with shares up 1,000% over the past five years.

The post Pointerra share price storms 18% higher on energy contract news appeared first on The Motley Fool Australia.

In morning trade, the geospatial data technology company's shares are up over 9% to 29 cents.

This means that the Pointerra share price is now up over 50% since last Tuesday.

Why is the Pointerra share price rocketing higher?

The recent gain by the Pointerra share price is a bit of a mystery as there has been no news out of the company since the end of April.

That last piece of news saw the company report a 13% or US$1.9 million increase in quarterly annual contract value (ACV). This brought its total ACV to US$16.28 million as of 29 April 2022.

Management highlighted that its Pointerra3D service is rapidly becoming a "must-have" platform for the US energy utility sector with existing customers advocating adoption of the company's digital twin solution amongst peer utilities.

This is expected to drive further growth in platform deployment and ACV across Pointerra's largest sector.

In light of this positive outlook and the Pointerra share price down by over 50% since this time last year, it appears that some investors believe a buying opportunity has been created.

The post Why has the Pointerra share price rocketed 50% in less than a week? appeared first on The Motley Fool Australia.

ASX investors appear unenthused by the latest report from Pointerra Ltd (ASX: 3DP), with the company's share price 2% in the red to trade at 24 cents.

The ASX tech company released its March quarter activities and cash flow report this morning. Pointerra described March as a "landmark quarter" in which the company concurrently scaled up its platform use among four major US utility providers, while also broadly growing its annual contract value (ACV).

The company offers 3D geospatial data technology which enables clients to view locations around the world in real-time 3D format from any internet device.

Pointerra share price dips despite 71% growth in receipts

Highlights during the three months to 31 March included:

• March quarter customer receipts of $2.4 million (71% year-on-year (YoY) growth vs. Q3 FY21)
• Year-to-date customer receipts of $6.2 million (138% YoY growth vs. FY21)
• Cash flow expenditure from operating activities of $2.3 million
• Consecutive cash flow positive quarter from operations at $64,000
• Cash flow expenditure from investing activities of $42,000
• Cash and cash equivalents balance of $4.9 million as of 31 March

What happened in the March quarter for Pointerra?

The company continued to enhance its platform "in response to customer requests and in line with the Company's strategic product roadmap". The report highlighted a variety of improvements to the Pointerra3D Core, Pointerra3D Analytics, and Pointerra3D Answers segments of the platform.

Pointerra said the business is self-funding its organic growth. It said its analytics and answers segments, in particular, are "driving growth in ACV spend".

New customers have been added and existing customers across all six of Pointerra's target sectors — survey and mapping; AEC; utilities; transport; mining, oil and gas; and defence and intelligence — are increasing their ACV spend.

Pointerra reported a US$1.9 million increase in ACV in a separate enterprise sales and ACV update today. As at 29 April, ACV totals $US16.3 million, up from $US14.4 million as at 31 January.

What did management say?

According to the report:

The quarter was highlighted by step-change adoption in the scale of Pointerra3D platform deployment by US utility customers FPL, PG&E, Entergy & Eversource and reflects the continued development and adoption of the higher-value elements of the Pointerra3D solution portfolio — Analytics and Answers.

In relation to growing ACV, Pointerra said:

The Utility sector remains Pointerra's largest single contributor to ACV and whilst the US continues to dominate geographically, the quarter saw successful paid POC's delivered for Australian customers, which the Company expects to lead to new enterprise contracts in coming quarters, with new prospective clients in the United Kingdom and Europe also entering the sales pipeline during the quarter.

What's next for Pointerra?

Pointerra said it plans to accelerate the company's global expansion through the following initiatives:

• Opening its first US office to provide a regional home for the business
• Commencing operations in the UK to service the Europe, Middle East, and Africa (EMEA) region
• Pursuing strategic M&A tuck-in acquisitions targeted to add domain knowledge in people and product in the AEC; transport; and mining, oil, and gas sectors

The Pointerra share price is down 40% year-to-date. ASX tech shares have had a rough year in 2022 so far with the broader S&P/ASX All Technology Index (ASX: XTX) down 24%. By comparison, the S&P/ASX All Ordinaries Index is down 2.8% over the same period.

The post Pointerra share price in the red despite 'landmark quarter' appeared first on The Motley Fool Australia.

Key points

• The Pointerra share price is currently up 8.22%, trading at 39.5 cents
• The gain follows the company's announcement that its annual contract revenue increased 23% last quarter
• Pointerra also plans to expand into the US and UK, as well as boost its Australian operations

The Pointerra Ltd (ASX: 3DP) share price is surging this morning after the company updated the market on its enterprise sales and annual contract value (ACV).

The company's ACV increased 23% over the December quarter as Pointerra3D apparently becomes a "must-have" platform for the United States' energy utility sector. As of today, its ACV stands at US$14.4 million.

At the time of writing, the Pointerra share price is 39.5 cents, 8.22% higher than its previous close.

Let's take a closer look at the news driving the technology company's stock.

Pointerra share price soars on US$2.7m ACV growth

The Pointerra share price is in the green after the company announced its ACV increased by US$2.7 million last quarter.

The boost was driven by an increase in both customer numbers and spending, as the company continued to branch into sectors including surveying and mapping, architecture, engineering and construction, utilities, transport, mining, and oil and gas.

Over the course of the December quarter – the results of which were released in the last fortnight – Pointerra was awarded between US$3.12 million and US$4.75 million of contracts within the US energy utility sector.

Additionally, Pointerra says its customers in the sector are pushing their peers to adopt the company's digital twin solution. That's expected to drive growth in the future.

As well, the company welcomed a record number of new customers over the December quarter.

The buoyant Pointerra share price is also likely being impacted by its growth plans.

The company will open its first office in the United States and begin operating in the United Kingdom. It's hoped its UK base will drive growth in Europe, the Middle East, and Africa.

Pointerra is also on the lookout for mergers and acquisitions to add knowledge of people and product in key industries.

Finally, the company will be looking to bolster its personnel in Australia to support customer demand.

As the company's portfolio of customers matures in coming quarters, it will start reporting ACV totals by target sector.

Its disclosure metrics will also evolve. It plans to start reporting such measures as average revenue per subscription, customer churn, net incremental ACV, and gross margin in the future.

The post Here's why the Pointerra (ASX:3DP) share price is leaping 8% today appeared first on The Motley Fool Australia.

Key points

• Pointerra released its December 2021 quarter (Q2 FY22) activities and cash flow report today.
• In the report it outlined record quarterly cash receipts from customers.
• All other areas saw growth and new customers added as well.
• Pointerra share price is up 12% on the day.

Shares in 3D geospatial data company Pointerra Ltd (ASX: 3DP) are rocketing today and now trade 12% higher at 40 cents apiece.

Investors are piling into Pointerra during Wednesday's session following the release of its December 2021 quarter (Q2 FY22) activities and cash flow report. Let's take a closer look.

Pointerra share price jumps solid cash flow results

The company outlined several investment highlights it had achieved last quarter, including:

• Record quarterly cash receipts from customers $2.85 million
• Cash flow positive quarter from operations $800,000
• Energy Utilities Sector – material contracts awarded (between $4.33 and $6.6 million) and existing customers grow Actual Cash Value (ACV) spend
• AEC Sector – new customers added and existing customers grow ACV spend
• Survey & Mapping Sector – new customers added and existing customers grow ACV spend
• Transport Sector – new customers added and existing customers grow ACV spend
• Mining, Oil & Gas Sector – new customers added and existing customers grow ACV spend

What happened last quarter for Pointerra?

The quarter was highlighted by record cash receipts from customers to $2.85 million and cash flow from operations.

It also outlined several contract wins totalling between $4.33 million and $6.60 million, in the "strategically important US energy utilities sector" that was announced last year.

Coupled with these material contract awards, growth in spend by existing customers during the quarter generated further uplift in Pointerra's USD Actual Cash Value (ACV) run rate (ACV is akin to annual recurring revenue only for subscription services).

The company says it "looks forward to updating the market with a revised US$ ACV run rate, with the next update being provided by 31 January 2022 at the latest".

Pointerra says that a number of new customers were added during the quarter in its Survey and Mapping segment as well. Australian growth for instance is increasingly being driven by "state and local government agency mandates that survey & mapping firms deliver data via Pointerra3D Core".

Meanwhile, in the US, inside sales initiatives continued during the quarter which resulted in a "very large number of lower dollar ACV prospects".

Aside from that, the company realised a period of growth in all of its core operating segments, earmarked by the continued adoption of its "solution" by Australian road and rail operators.

During the quarter, payments for Research and Development (R&D) of $355,000 were made as salary allocations to team members who are "100% focused on R&D activities".

Pointerra notes that cash outflows for the quarter were 'in line with expectations' and that the balance sheet showed around $5 million in cash as of 31 December 2021.

What's next for Pointerra?

The company remains prioritised on R&D efforts to build out its strategic areas. Some of these include a platform to underpin the delivery of point cloud analytics to Pointerra3D Core customers and developing a catalogue of analytics algorithms for Pointerra3D Analytics customers.

Aside from that, Pointerra is focused on broadening the platform to support complementary data types and exploring methods to apply neural network machine learning.

The company didn't provide any specific revenue or profit guidance. The Pointerra share price is up 12% on the day and has rallied more than 8% in the past week of trading.

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The Pointerra Ltd (ASX:3DP) share price finished the day up 17% after coming out of a trading halt with the announcement of three new US contracts.

The 3D geospatial data company resumed trading on the ASX this morning after requesting the halt on Friday with its share price frozen at 34.5 cents apiece.

Pointerra shares shot to 44.5 cents just after open, gaining 29%, before ending the session at 40.5 cents apiece.

Let's take a closer look at what the company announced.

What news did Pointerra release this morning?

The company announced a series of contracts with both new and existing US energy utility customers this morning: Entergy Corporation (NYSE: ETR), Pacific Gas & Electric (NYSE: PCG), and Gulf Power, a division of NextEra Energy (NYSE: NEE).

Pointerra touts itself as the world's fastest end-to-end 3D data solutions company.

The Entergy contract will bring in between US$2.37- $US4 million (A$3.29-$5.56 million) with the final sum to be determined in the coming weeks.

Entergy is a US electricity producer and retail distributor but also operates natural gas distribution businesses in the US south. It has engaged Pointerra to help the company respond to damage to its network caused by Hurricane Ida in August.

The Pacific Gas & Electric contract is for around US$0.70 million (A$0.97 million) to commence a 'digital twin' project. This involves mapping the US company's assets in specific service areas over a 14 month period, starting 1 January 2022.

Finally, the collaboration with Gulf Power for US$0.05 million (A$0.07 million) covers processing work on the company's existing Pointerra3D platform.

What does this mean for Pointerra?

During Pointerra's recent Managing Director's presentation, the company announced it was expecting material growth in annual contract value (ACV) from a number of sectors.

According to the presentation, the company's previous ACV ran at US$11.7 million at the end of October.

This reflected continued efforts to add new customers and generate spending among existing customers in surveying and mapping, utilities, transport, mining, and oil and gas in both the US and Australian markets. 

The company said it is pushing to solve "sector-specific challenges" in "AEC, Transport, Mining, Oil & Gas and Defence during recent quarters" by 2022-23. It plans to do this by continuing to invest in new people, capabilities, product, and research and development.  

How has the Pointerra share price been performing this year?

The Pointerra share price has had a fairly volatile year, losing 23% of its value over the last 12 months and 20% year to date.

These returns have lagged the benchmark S&P/ASX 200 Index (ASX: XJO) which is up more than 10% over the past year.

The post Why the Pointerra (ASX:3DP) share price rocketed 17% today appeared first on The Motley Fool Australia.

Shares in 3D geospatial data company Pointerra Ltd (ASX: 3DP) are currently on ice amid a company-requested trading halt today.

The ASX hit pause on the shares shortly after the open on Friday and they've been in limbo ever since. Prior to the halt, the Pointerra share price was fetching 34.5 cents, down 4.17% on its previous close.

Let's take a closer look at what's happening.

Why is Pointerra on ASX ice?

Pointerra requested the trading halt amid the pending release of a price-sensitive announcement.

The company says this is concerning "the award of material contracts in its US operation". There are no further details available at this time.

The halt will remain in place until the earlier of Pointerra making the abovementioned ASX announcement or the market open next Tuesday 14 December.

The announcement follows Pointerra's previous contract updates in September. At that time, the company had secured a $1.55 million contract with Florida Power & Light across 4 projects.

It also advised of another contract with Pacific Gas & Electric and Gridvision, each valued at approximately $250,000.

The contracts involve using Pointerra's geospatial 3D technology to model changes in key data metrics that the 2 new partners use in their operations.

For instance, the deal with Florida Power & Light will see Pointerra's technology model changes in vegetation growth. It will then extrapolate this data to predict vegetation growth, which will hopefully facilitate increased yields.

Pointerra share price snapshot

It's been more than a difficult year for Pointerra shareholders, who are swimming in a sea of red.

In the past 12 months, the Pointerra share price has fallen by almost 35%. The downward pressure continued in the past month of trading, with the price falling 11.5%.

These returns have lagged the benchmark S&P/ASX 200 index (ASX: XJO) which is up 10% over the past year.

The post Here's why Pointerra (ASX:3DP) shares are halted today appeared first on The Motley Fool Australia.

The Pointerra Ltd (ASX: 3DP) share price is struggling on Friday after the company released a sales update for the September quarter.

Third quarter highlights

Pointerra recapped a strong September quarter following the addition of new customers and increased spending from existing customers across key target sectors.

The company reported a September quarter annual contract value (ACV) of US$1.9 million, or a 19% increase against the June quarter. Total ACV as at 29 October now sits at US$11.7 million.

Pointerra was pleased to highlight a step change in its sales mix from being dominated by the US utilities and mapping sectors to a broader adoption across most target sectors. The target sectors being Survey & Mapping, Architecture, Engineering and Construction (AEC) industries, utilities, oil & gas, transport as well as mining across the United States and Australia.

The company believes this also reflects its investment in new business development and sales resources, focused outside of utilities and mapping sectors.

Pointerra noted that its quarter-on-quarter cash receipts might vary as customers are onboarded with different payment cycles including multi-year in advance agreements.

Pointerra share price snapshot

The Pointerra share price posted some extraordinary gains between June 2020 and February this year, surging more than 2,000% from a mere 4 cents to all-time highs of 92.5 cents.

After hitting an all-time high of 92.5 cents on 15 February, the Pointerra share price has trended lower, hitting lows of 35 cents by late August.

Encouraging announcements such as its 14 September corporate presentation helped drive some life back into its share price, hitting a 3-month high of 58 cents shortly after.

However, the move to the upside was shortly met with selling pressure, sliding to the mid-low 40 cent level by October.

The Pointerra share price is down 18% year to date.

The post Pointerra (ASX:3DP) share price stalls after September quarter update appeared first on The Motley Fool Australia.

Below, we take a look at the ASX tech share's announcement on its participation in the Canaccord Genuity South-West Connect ASX Showcase. The conference takes place today and tomorrow at the Abbey Beach Resort, in Busselton, Western Australia.

What did the company report?

The Pointerra share price initially soared after the company reviewed some key metrics it's sharing at the conference.

Those include 240% year-on-year growth in annual contract value (ACV), increasing from US$2.87 million as at July 2020 to US$9.80 million for the year ending July 2021.

The United States utility sector continues to be its strongest ACV growth segment.

Cash receipts from its customers for the 2021 financial year came in at $4.1 million, with $1.4 million of cash receipts in Q4. Pointerra said it is well funded for further organic ACV growth.

During FY21, the company also more than doubled its full-time employees, from 12 to 29.

What does Pointerra do?

Pointerra is focused on helping the management and analysis of complex 3D data. According to the release, "Analysing and sharing 3D data are long-standing challenges that have inhibited safety, security and efficiency outcomes…"

The company adds:

Pointerra's patented cloud-deployed technology and AI-driven algorithms bring a new standard of speed, smarts, scale and on-demand access to the long-standing problem of being able to rapidly convert massive 3D datasets into analytics and insights that provide definitive answers using digital twins to manage the physical world.

Pointerra share price snapshot

The Pointerra share price is up 26% over the past 12 months, just edging out the 24% gains posted by the All Ordinaries Index (ASX: XAO) during that same time.

Pointerra shares are down 12.5% over the last month.

The post What's happening with the Pointerra (ASX:3DP) share price today? appeared first on The Motley Fool Australia.

At the time of writing, the 3D geospatial data technology company's shares are down 5.5% to 50.5 cents.

Why is the Pointerra share price falling?

Investors have been selling down the Pointerra share price after broad market weakness offset the release of a positive announcement.

According to the release, the company has won a number of contracts during September. This includes a $1.55 million contract with Florida Power & Light across four projects.

In addition, the company has signed contracts with Pacific Gas & Electric and Gridvision worth ~$0.25 million each.

What are the contracts covering?

The deal with Florida Power & Light includes a vegetation growth predictive analytics project. This will study and model the likely impact on powerline infrastructure of growth in vegetation adjacent to the powerline network over a 16-month period.

Using multiple aerial captures with multiple sensors over the project period, Pointerra3D will model change (delta) in vegetation growth and use the delta combined with species detection analytics to predict vegetation growth.

Management notes that the expected outcome for Florida Power & Light is better scheduling of vegetation management activities, which is a significant part of the utility's ongoing network asset management operations.

In addition, other projects with Florida Power & Light include weather related network change detection and the demonstration of the integration of IkeGPS Group Ltd's (ASX: IKE) highly regarded Poleforeman utility pole engineering software into Pointerra3D.

What else?

The contract with Pacific Gas & Electric is similar to the main Florida Power & Light contract. It is a vegetation management analytics project.

Whereas, finally, the contract with Gridvision is for mine powerline data capture and analytics campaigns for the power infrastructure network of a global tier-one miner's Australian operations.

Management believes the endorsement of the Pointerra3D solution by electrical engineering teams could accelerate adoption and spend by its mining sector customers as other business units are exposed to the technology and how it can solve their specific challenges.

The post Pointerra (ASX:3DP) share price lower despite new contract wins appeared first on The Motley Fool Australia.

Earlier today the 3D geospatial data technology company released its corporate presentation. We look at a few highlights below.

What did Pointerra present?

Investors may be bidding up the Pointerra share price after the company reported annual contract value (ACV) growth of 240%. ACV increased from $2.9 million from July 2020 to $9.8 million reported as at July 2021.

Meanwhile cash receipts from its customers reached $4.1 million for the full 2021 financial year (FY21), up from $1.8 million in FY20. The company reported cash receipts of $1.4 million in Q4 FY21 alone.

Pointerra also expanded its full-time employees from 12 to 29.

The company credited ACV growth to "customer-led engagement, focused on solving workflow problems and 'automating the manual'". It said its existing customers continued to increase their spending, with very low churn rate.

The United States utility sector counts among its leading customers. Pointerra is directly contracting with utilities as well as with their mapping providers. The company said:

Pointerra has combined advanced machine learning algorithms for automatically extracting valuable information from 3D data with extensive browser-based manual feature identification/editing tools.

Mining companies also are turning to Pointerra's technology platform.

The Pointerra share price may also be getting a boost as the company reported it is collaborating with the US Department of Defense. It said it is "responding to the requirement to constantly enhance the capability of the modern war fighter through the use of technology".

Pointerra reported the solution to modern defence needs is, "Automated analytics that fuses newly acquired and historic 3D spatial data and delivers insight in real-time to support informed decision making."

Pointerra share price snapshot

The Pointerra share price has been under pressure in 2021, down 15% year-to-date. By comparison the All Ordinaries Index (ASX: XAO) is up 11% in that same time.

Over the past month Pointerra shares have gained 7%.

The post Pointerra (ASX:3DP) share price leaps 21% as cash receipts surge appeared first on The Motley Fool Australia.

The Pointerra Ltd (ASX: 3DP) share price is trading 5.33% higher at 39.5 cents on Tuesday after the company released its preliminary FY21 results.

Pointerra share price higher on triple-digit top-line growth

Here are the highlights of the geospatial data tech company's prelim results:

• Annual contract value (ACV) up 241% to US$9.8 million
• Customer revenues rose 224% to A$3.98 million
• Customer cash receipts increased 121% to A$4.07 million
• Underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss of A$1.27 million (FY20: $1.83 million loss)
• Cash balance $5.18 million as at 30 July

What happened to Pointerra in FY21?

2021 has proved to be a challenging year for the Pointerra share price, down 24% year-to-date. This follows a bumper performance in 2020 where its shares surged 810% from 5.5 cents to 51 cents.

During the financial year, the company acquired US-based aerial imagery company, Airovant for US$1 million.

The acquisition was described as a "step-change in the dimension and scale of Pointerra's US operations in the important AEC (architecture, engineering and construction), facilities management and energy utilities markets".

According to the acquisition announcement, Airovant's annual revenue averaged US$1.4 million over calendar years 2018, 2019 and 2020 with positive cash flow and earnings during this time.

Pointerra's growth across key market sectors, in addition to Airovant's contribution to earnings, helped deliver the triple-digit increase across key financial metrics. Pointerra was pleased to highlight that the business is profitable on its current ACV run-rate basis.

During the period, Pointerra delivered a lower underlying EBTIDA loss of A$1.27 million, reflecting scaling customer revenue is outpacing the modest increase in operating expenses.

Pointerra had a cash balance of $5.18 million for the year ended 30 June, boosted by its $2.5 million placement in July 2020 and options exercised during the year.

What's next for Pointerra?

Pointerra believes it's well-funded for continued organic growth in the new financial year.

The company continues to roll out its enterprise platform with key US utility customers in July and August, enhanced by additional paid proof of concept projects designed to validate the platform's capabilities.

Pointerra successfully developed a digital twin solution for tier-1 mining sector customers in Australia and expects to launch the product in the US market. The company expects mining sector ACV spend to continue to grow in FY22.

Despite a solid outlook for FY22, the Pointerra share price is currently hanging around 9-month lows.

The post Pointerra (ASX:3DP) share price 5% higher on triple-digit revenue growth in FY21 appeared first on The Motley Fool Australia.

Three small caps that investors may want to get better acquainted with are listed below. Here's why they should be on your watchlist:

Alcidion Group Ltd (ASX: ALC)

The first small cap ASX share to watch is this growing informatics solutions company. Alcidion notes that it helps healthcare organisations harness the power of technology to create a clinically relevant environment with digitally enabled care. The company's tailored platforms are able to leverage clinical decision support, artificial intelligence and real-time visualisation to provide smart health informatics for safer delivery of care. Demand has been growing strongly for its technology, leading to the several large contracts with major healthcare institutions.

Booktopia Group Ltd (ASX: BKG)

The second small cap ASX share to watch is Booktopia. It is an online book retailer which has been growing at a rapid rate in recent years. For example, the company notes that it sold one item every ~4.7 seconds and shipped ~6.5 million items in the 12 months to 30 June 2020. This averages 25,000 items per business day. Pleasingly, since then, its growth has gone up another level. This has been driven by the ongoing shift to online shopping, which has accelerated during the pandemic. Also supporting its growth has been the construction of its new distribution centre. This is allowing it to capitalise fully on the shift and ship more items than ever.

Pointerra Ltd (ASX: 3DP)

A final small cap to watch is this 3D geospatial data technology company. Pointerra highlights that its technology has solved an entrenched problem in the digital asset management sector. It allows very large 3D datasets to be used without the need for high performance computing. It achieves this by allowing 3D data to be processed and stored in the cloud for instant, on demand user access. Management believes that it has an enormous $500 billion market opportunity globally.

The post 3 exciting small cap ASX shares to watch closely appeared first on The Motley Fool Australia.

The Pointerra Ltd (ASX: 3DP) share price rebounded strongly today despite no recent news coming out of the company. It's worth noting that the company's shares fell 12.50% at the start of the week.

At Wednesday's market close, Pointerra shares finished the day up 8.57% to 38 cents. In comparison, the All Ordinaries Index (ASX: XAO) closed 0.46% higher to 7,809 points.

What happened to Pointerra shares last reporting season?

When Pointerra last reported its half-year result for FY21, its shares descended around 20% within a matter of days. This came despite the company achieving robust growth across most key metrics.

Revenue came to $1.56 million, up 218%, and cash receipts to $1.14 million, up 132% over the prior corresponding period.

In addition, Annual Contract Value (ACV) surged to US$6.88 million, up 139% against H1 FY20's result.

Pointerra attributed the step-change improvements to solution development in its service offering, which drove new customer acquisitions. This included Data-Protection-as-a-Service (DPaaS), Data-as-a-Service (DaaS), and Analytics-as-a-Service (AaaS).

The soft launch of the 3Dinsight.ai cloud marketplace also provided additional revenue to the company's coffers.

Notably, Pointerra highlighted that it increased its headcount from 12 full-time employees to 20 full-time employees to meet increasing demand.

However, while the results seemed positive, the company did post a loss after tax of almost $1 million, down 25%. This was mainly driven by research and development expenses as well as administration costs.

Undoubtedly, investors were unimpressed, selling Pointerra shares to a low of 67 cents on 9 March 2021.

The company is scheduled to report its FY21 full-year results on Tuesday 31 August 2021.

About the Pointerra share price

Over the last 12 months, the Pointerra share price has travelled 40% higher, but fallen year-to-date, down 25%. The company's shares are at the lower end of its 52-week range of 25.5 cents and 92.5 cents.

Pointerra presides a market capitalisation of roughly $257.5 million, with more than 677 million shares on its registry.

The post Pointerra (ASX:3DP) share price leaps 8% ahead of next week's earnings appeared first on The Motley Fool Australia.

Four ASX shares that are failing to follow the market higher today are listed below. Here's why they are dropping:

AVZ Minerals Ltd (ASX: AVZ)

The AVZ Minerals share price is down 7% to 19.5 cents. This follows the release of the lithium explorer's quarterly update this morning. Investors appear concerned with AVZ Minerals' weakening balance sheet, which could require a capital injection in the very near future. The company ended the period with cash of $2.85 million, down from just under $6 million three months earlier.

Imugene Limited (ASX: IMU)

The Imugene share price has sunk 10% to 29.7 cents after returning from a trading halt. This morning the biotech company announced the completion of a $90 million institutional placement. The company raised the funds at a 9.1% discount of 30 cents per new share. The company is now seeking to raise a further $5 million from retail investors at the same price. The proceeds will be used to fund Imugene's clinical trial pipeline through to the end of 2025.

Pointerra Ltd (ASX: 3DP)

The Pointerra share price has fallen 10% to 42.7 cents. This follows the release of a quarterly update from the 3D geospatial data technology company. Pointerra reported a 24% quarterly increase in annual contract value (ACV) to US$9.8 million over the three months ended 29 July. Investors appear to have been expecting much stronger growth from the company.

Resolute Mining Limited (ASX: RSG)

The Resolute Mining share price is down 8% to 52 cents. This follows the release of a disappointing second quarter update by the gold miner. That update revealed weaker production, higher costs, and softer sales. In light of its poor performance, the company has downgraded its full year guidance.

The post Why AVZ Minerals, Imugene, Pointerra, & Resolute shares are dropping appeared first on The Motley Fool Australia.

The Pointerra Ltd (ASX: 3DP) share price is slumping heavily today. This comes after the 3D geospatial data technology company provided an update on its enterprise sales activity during the June quarter.

At the time of writing, Pointerra shares are down a sizeable 7.89% to 43.7 cents. In comparison, the All Ordinaries Index (ASX: XAO) is up 0.42% to 7,682 points.

How is Pointerra performing for the June quarter?

Investors are heading for the hills, selling Pointerra shares despite the company reporting growth across key sectors. A possible catalyst for the Pointerra share price could be that the result did not meet the market's lofty expectations.

For the period ending 29 July 2021, Pointerra advised annual contract value (ACV) increased by US$91 million from 29 April. The 24% quarterly growth brings total ACV for Q4 FY21 to US$9.80 million.

Pointerra attributed the uplift in ACV to an increase in customers across a broad range of sectors in the United States and Australian markets. This included areas such as utilities, surveying and mapping, engineering, mining, as well as oil and gas.

In addition, the company observed a surge in spending for its suite of Software-as-a-Service (SaaS) services. The adoption of cloud asset management platforms jumped as a result of Pointerra continually developing its 3D geospatial data technology.

Just last month, the company acquired United States digital asset management business, Airovant. In 2020, ACV growth had come primarily from the United States utilities and mapping sectors. However, management noted the past couple of quarters has seen a broader take-up of its services.

The company lastly said that quarter-on-quarter cash receipts could change as new customers are onboarded with different payment cycles.

About the Pointerra share price

Looking at the last 12 months, Pointerra shares have generated a 130% gain for shareholders, but have fallen 10% year-to-date. The company's share price is sitting just lower than the middle of its 52-week range of 17 cents to 92.5 cents.

Pointerra commands a market capitalisation of about $298 million, and has more than 677 million shares on its books.

The post What's happening with the Pointerra (ASX:3DP) share price today? appeared first on The Motley Fool Australia.

Here's why these small cap ASX shares are ones to watch:

Damstra Holdings Ltd (ASX: DTC)

The first small cap to watch is Damstra. It is a growing integrated workplace management solutions provider which provides a cloud-based workplace management platform that is used by businesses globally. Its platform allows users to track, manage, and protect their workers and assets. Demand has been growing strongly in recent years and has continued in FY 2021. For example, during the third quarter, Damstra's revenue increased 66% on the prior corresponding period to $6.9 million. This followed its highest ever monthly revenue in March and was underpinned by a 61% increase in active users to 689,000.

MyDeal.com.au Limited (ASX: MYD)

Another small cap to look at is MyDeal.com.au. It is an online retail marketplace with a focus on homewares, furniture, and technology. Like other ecommerce companies, MyDeal has been growing strongly over the last 12 months. This led to the company recently reporting full year sales growth of 111.1% to $218.1 million for the 12 months ended 30 June. This was underpinned by an 83.1% increase in customer numbers to 894,225 and significant momentum in Private Label sales during FY 2021.

Pointerra Ltd (ASX: 3DP)

A final small cap share to watch is Pointerra. It is a technology company that provides a powerful cloud-based solution for managing, visualising, and sharing massive 3D point clouds and datasets. Pointerra's platform is able to extract vital information from the data that would otherwise take many hours to do. At the end of April, the company's annualised contract value (ACV) stood at US$7.89 million. This is still only a very small fraction of a total market opportunity that management estimates is worth US$500 billion.

The post 3 growing small cap ASX shares to watch closely appeared first on The Motley Fool Australia.