Pointerra Full Year 2023 Earnings: Misses Expectations

Pointerra (ASX:3DP) Full Year 2023 Results

Key Financial Results

• Revenue: AU$7.33m (down 25% from FY 2022).
• Net loss: AU$4.47m (loss widened by 67% from FY 2022).
• AU$0.007 loss per share (further deteriorated from AU$0.004 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pointerra Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 6 warning signs for Pointerra (2 shouldn't be ignored!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.