The Pointerra Ltd (ASX: 3DP) share price is all over the map today. The company’s shares are trading flat at 42 cents at the time of writing, having earlier posted gains of more than 7%.
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.
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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointerra Limited. The Motley Fool Australia has recommended Pointerra Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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