
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.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. 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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