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Pointerra (ASX:3DP) - Managing Director and Co Founder, Ian Olson
Managing Director and Co Founder, Ian Olson
Source: Business News
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  • Pointerra (3DP) sees a 24 per cent growth in annual contract value (ACV) over the June quarter
  • The company’s ACV currently stands at US$9.8 million (around A$13.2 million), up US$1.91 million (A$2.59 million) from the value as at April 29, 2021
  • Pointerra attributes the growth to new and existing customers across a broad range of key sectors in the US and Australian markets and its acquisition of US digital asset management business Airovant
  • Company shares last traded at 47.5 cents on July 29

Pointerra (3DP) has seen a 24 per cent growth in annual contract value over the June quarter.

Pointerra is an Australian company focussed on the global commercialisation of its 3D geospatial data technology, which assists with digital asset management and allowed large 3D datasets to be managed and analysed without the need for high-performance computing.

The company’s annual contract value (ACV) currently stands at US$9.8 million (around $A13.2 million), up US$1.91 million (A$2.59 million) from the value as at April 29, 2021.

Pointerra attributes the growth to existing customers plus the addition of new clients across a broad range of key sectors in the US and Australian markets. The company also said the market appeared more willing to adopt cloud asset management platforms during the period.

Combined with the contribution made by its acquisition of US digital asset management business Airovant for US$1 million (around A$1.3 million) during the quarter, this growth generated further uplift in Pointerra’s value.

Pointerra said it remains profitable on an ACV run-rate basis.

Company shares last traded at 47.5 cents on July 29.
 

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