Originally posted by jaluma
I agree with a lot of Writer's comments and would love to see progress in the Autonomous Driving space.
Firstly if you don't understand how Pointerra got to 16 cents last year and the reasons behind this, go and do some research, it was nothing to do with fundamentals, but it is worth understanding to know what is going on with your investment and so you can watch for this with your future investments.
Having said that, I think Pointerra should be treated a little different to Nearmap who have geographical obstacles to expansion (ie: photo capture for each country). The beauty of Pointerra is that it is already a global platform, with the potential to secure customers from around the world in 2019. This means that if we land an Aus power company and they have Hong Kong ownership, they instantly become a business who we can also target for sales, along with any other power subsidiaries they own globally. What if we signed up someone like Lend Lease who have projects all over world, with the ACV slowly expanding per customers as more countries, users and data is added.
Anyway, my point is that it needs to be understood that we can scale quickly given the cloud based nature of the Pointerra product.
Given we are already close to break even and revenue growth will significantly outweigh expense growth, along with our ability to scale, I think a market cap of $160m by the end of this year is possible, so around 25 cents a share.
I guess everyone has their preferred way of considering a 'break even' position. I like the old-fashioned comparison of 'expenses vs receipts' rather than 'expenses vs projected receipts based on ACV'. ACV is a helpful indicator, however, it always looks a bit fluffy when compared to cash received: it's a bit like the difference between clouds & rain. Looking at expenses & sales receipts for either FY2018, CY2018 or Q1 FY2019, it appears we're a long way off from a break-even position.
