Pointerra reports record financial milestones in strong start to FY25
Pointerra (ASX: 3DP) has reported a strong start to the 2025 financial year, with record customer receipts of $4.2 million and cash flows of more than $1.5m for the three months to December 2024.
The technology company’s growth was fuelled by new Pointerra3D software customers in the North American survey and mapping market, as well as the increasing allocation of data and licences by existing customers.
Pointerra3D specialises in the creation and integration of “digital twins,” which are virtual replicas of physical assets that use machine learning, simulation, and reasoning to assist with decision-making and improve overall performance.
Reseller agreement
Pointerra completed a formal reseller agreement with marine mapping software company Teledyne Geospatial during the quarter.
Pointerra3D subscriptions will be bundled with Teledyne’s new Galaxy Onboard in-flight processing solution.
The integrated offering is expected to be a major disruptor in the aerial survey market, where material delays between capture and delivery resulting from traditional workflows have long been a source of frustration in the sector.
Grid resilience program
Pointerra also finalised a US$2m extension to a current US Department of Energy grid resilience program focused on the application of Pointerra3D during natural disasters such as hurricanes to help utilities become better equipped for emergency response and preparedness.
The company is also working with several US energy utilities to prepare applications for government funding relating to the development and use of digital twins for grid resilience.
“The new DoE Digital Twin program represents a great opportunity for energy utilities to kick-start their investment in Pointerra3D, [which] can assist them in leveraging existing data, ensuring they maximise the funding opportunity to create actionable intelligence and not just new data capture,” the company said.
Mining and energy contracts
Pointerra’s quarterly achievements in the mining sector included contract negotiations for the development of a digital twin minimum viable product project to assist with tailings management for a Tier 1 mining company.
The project will be completed by the end of February, with a review of the success criteria and confirmation of adoption and ongoing funding expected towards the end of the financial year.
Future releases will include predictive modelling and analytics, with the outcome expected to be marketed as a best-practice tailings management solution to global mining companies.
Pointerra has also been awarded a proof of concept contract by one of Australia’s largest oil and gas producers for data processing and analytics, along with a separate contract for the adoption of Pointerra3D to support its exploration activities in Australia and Papua New Guinea.
Cash receipts and balance
Cash receipts from customers for the three months to the end of December were reported as the best on record for any given quarter and contributed to the highest total for receipts and operating cash inflow over any six-month period.
Receipts of $7.3m for the first six months of the year compared favourably to $6.8m for the 2024 full year.
Pointerra held a cash balance of $4.6m at 31 December.