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.
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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.
