- Pointerra (3DP) increased annual contract value by 23 per cent to US$14.4 million (A$20.6 million) over the December quarter
- The increase can be attributed to 3DP winning between US$3.12 million and US$4.75 million (A$4.5 million and A$6.8 million) in contracts in the US energy utility sector
- The IT and data services company’s Pointerra3D platform comprises a suite of solutions that efficiently store, manage, analyse and share key insights to various markets
- Pointerra’s ongoing focus is to expand its global presence and will action this by opening its first US office, commence operations in the UK to service the EMEA region and pursue acquisitions in various sectors
- Company shares last traded 4.29 per cent higher at 36.5 cents on January 28
During the December quarter, Pointerra (3DP) continued to add new customers and generate expenditure growth from existing customers across the US and Australian markets.
Pointerra is an IT and data services company whose patented cloud-based platform, Pointerra3D, stores, processes, manages, analyses, and shares key insights quickly and cost effectively to various markets.
Over the December quarter, annual contract value (ACV) grew to US$14.4 million (A$20.6 million) which is a 23 per cent increase on the September quarter.
In the US energy utility sector alone, the company was awarded contracts worth between US$3.12 million and US$4.75 million (A$4.5 million and A$6.8 million).
The company attributed the ACV growth to the ongoing deployment of Pointerra3D to Entergy, PG&E and NextEra Energy’s Gulf Power which commenced during the three-month period.
Pointerra expects ACV will continue based on expanded usage of its namesake platform.
According to Pointerra, Pointerra3D is becoming a “must-have” platform for the US energy utility sector with existing customers recommending its industry peers adopt the technology.
Pointerra3D comprises three solutions including Answers, Analytics and Core. Answers delivers predictive insights that provide definitive answers to asset management questions.
Analytics creates a ‘digital twin’ to enable quick and intelligent analysis of the physical world. Lastly, Core is the baseline platform that delivers a ‘game-changing’ 3D data workflow solution.
Looking ahead, the company is focused on global expansion by opening its first US office to provide a regional home for the business, begin operations in the UK to service the EMEA region and pursue acquisitions in the Architecture, Engineering and Construction, Transport and Mining, Oil & Gas sectors.
Company shares last traded 4.29 per cent higher at 36.5 cents on January 28.