Shares in 3D mapper Pointerra (ASX:3DP) have risen 11 per cent this morning to 4.9c after a 246 per cent jump in quarterly receipts from customers — though its announcement claims they are up “nearly 350 per cent”.

The company, which makes cloud-based technology that manages the huge amounts of data contained in 3D files such as maps, said it took $433,000 worth of cash receipts for the March quarter, up from $125,000 in the December quarter, a 246 per cent increase, meaning there is an error in Pointerra’s percentage calculations.

So we asked Pointerra what was going on. From their point of view, here’s how it sees the jump:

“If you start with from December then the March quarter revenue was 3.5 times the $125 (K) generated last quarter.”

And 3.5 times is 350 per cent, so go figure.

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And it was a similar story over at fast food tech company Dragontail Systems (ASX:DTS), which claimed customer receipts were “equal to 275% of the previous quarter”, having risen from $163,000 to $449,000.

Percentage change is calculated by subtracting the original number from the new number, then dividing the answer by the original number, and then multiplying that answer by 100.

So Dragontail’s receipts have actually jumped 175 per cent. But yes, they are also around 2.75 times that generated in the previous quarter.

So it’s more a case of differing perspectives than bad math.

Regardless, all the numbers are impressive enough.

Pointerra said several factors were at play for the growth, with its technology pleasing customers both in Australasia and in North America.

PrecisionHawk, a US commercial drone and data company, recently expanded its contract with Pointerra in order to “solve ongoing 3D data management and data analytics problems that were impacting PrecisionHawk’s ability to service its massive order-book for utility asset inspection services across North America and the world”.

It is now utilising Pointerra’s Analytics as a Service (AaaS) offering, contracting Pointerra to “develop additional AaaS algorithms designed to deliver further improvements in their workflow and end-user customer asset digital asset management and reporting”.

The company has also increased subscription revenue in Australia and boosted its research and development work.

That big spike in the graph above related to an October announcement that Pointerra had landed a driverless car contract. Shares rocketed 200 per cent to highs of 8.4c but dropped 32 per cent the following day to 5.7c.
 

In other ASX tech news today:

Dragontail Systems (ASX:DTS) continues its upswing. Computing errors aside, Dragontail says it installed its tech in more than 300 new sites in February and March, bringing the total number of installations to over 1,000. It has also expanded its AI team, picked up a US patent and is rolling out its Algo platform across Pizza Hut stores in Australia, which is expected to be completed by the end of the year.

 

Nanoveu (ASX:NVU) set to launch its first batch of 3D tech. Nanoveu, which makes technology that can convert 2D smartphone and tablet experiences to 3D, says the first production run of its EyeFly3D screens for iPhone is scheduled to be despatched to distributors by the end of April. It covers iPhones as far back as the iPhone 5. Android users will have to wait a little longer, at least until the end of June.

 

Cash receipts for Revasum (ASX:RVS) up 110pc. The computer chip maker posted US$8.7 million in receipts for the March quarter, a significant improvement on the $4.1m of the December quarter, and there should be more revenue to come: the company told investors last week that due to a delayed customer shipment, its 2019 first half revenue would be lower than anticipated.

 

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