Director, RaaS Advisory, Research as a Service (RaaS)

Research as a Service (RaaS)

Director, RaaS Advisory

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Equity Bottom-Up

Amaero International Ltd / Equity Bottom-Up

Amaero International Ltd manufactures metal working machinery. The Company offers laser-based additive, 3D printing, and other related technologies. Amaero International serves customers in Australia.

<ul><li>RaaS Research has published an update report on advanced materials manufacturing group Amaero International (ASX:3DA) following its market update in which it guided to FY26 break-even and provided more granularity on its FY24 to FY26 capital expenditure progrramme.</li><li>Amaero has provided an update to shareholders including changed guidance on when it expects to reach EBITDA break-even (six months later), a revised capex schedule and the milestones it expects to pass over the next six-to-12 months (same in quantum but timing changes).</li><li>The company emphasised that the completion of C103 qualification by Amaero’s offtake counterparty (whom we believe is US defence giant Castheon) is the single most significant milestone in the company’s history.</li></ul>

RaaS Research has published an update report on advanced materials manufacturing group Amaero International (ASX:3DA) following its market update in which it guided to FY26 break-even and provided more granularity on its FY24 to FY26 capital expenditure progrramme.Amaero has provided an update to shareholders including changed guidance on when it expects to reach EBITDA break-even (six months later), a revised capex schedule and the milestones it expects to pass over the next six-to-12 months (same in quantum but timing changes).The company emphasised that the completion of C103 qualification by Amaero’s offtake counterparty (whom we believe is US defence giant Castheon) is the single most significant milestone in the company’s history.

Amaero International Ltd - Capex programme extended, guidance for FY26 break even

Pointerra Limited operates as a software development company. The Company builds Data as a Service (DaaS) solution for managing, distributing, and visualizing massive point cloud data sets. Pointerra allows users to view their data from cloud-based servers instantly, as well as share their point cloud data with staff, customers, and partners.

<ul><li>RaaS has published a flash comment on 3D spatial data solutions group Pointerra (ASX:3DP) after its announcement that it has been awarded US$0.8m in new contracts by existing US energy utility customer Florida Power & Light (FPL).</li><li>The contracts will see Pointerra3D, the company’s AI-driven analytics platform, used to extract information and insights from 3D LiDAR and 2D imagery data.</li><li>We view the contracts as a positive sign that the contract delays and deferrals experienced by Pointerra in FY24 in its dealings with the US energy utility sector are coming to an end.</li></ul>

RaaS has published a flash comment on 3D spatial data solutions group Pointerra (ASX:3DP) after its announcement that it has been awarded US$0.8m in new contracts by existing US energy utility customer Florida Power & Light (FPL).The contracts will see Pointerra3D, the company’s AI-driven analytics platform, used to extract information and insights from 3D LiDAR and 2D imagery data.We view the contracts as a positive sign that the contract delays and deferrals experienced by Pointerra in FY24 in its dealings with the US energy utility sector are coming to an end.

Pointerra Ltd - New contracts from existing customer builds FY25 base

Qantm Intellectual Property / Equity Bottom-Up

QANTM Intellectual Property Limited operates in the commercial services industry. The Company offers services for patent, design, trademark procurement, and other related intellectual properties throughout Australia.

<ul><li>RaaS has published an update report on IP services group QANTM Intellectual Property (ASX:QIP) following the company's EGM which saw more than 98.6% of shareholders vote in favour of the Scheme of Arrangement.</li><li>Directors have declared, subject to the Scheme becoming effective, a fully-franked special dividend of $0.071/share, which will be included in the $1.817/share consideration being paid by Adamantem Capital.</li><li>Next steps are approval of the Scheme at a second court hearing scheduled for today, shares suspension from close of trading on Monday 5 August with the Scheme to be implemented on 19 August, subject to all conditions being met.</li></ul>

RaaS has published an update report on IP services group QANTM Intellectual Property (ASX:QIP) following the company's EGM which saw more than 98.6% of shareholders vote in favour of the Scheme of Arrangement.Directors have declared, subject to the Scheme becoming effective, a fully-franked special dividend of $0.071/share, which will be included in the $1.817/share consideration being paid by Adamantem Capital.Next steps are approval of the Scheme at a second court hearing scheduled for today, shares suspension from close of trading on Monday 5 August with the Scheme to be implemented on 19 August, subject to all conditions being met.

Qantm Intellectual Property - Special dividend declared, EGM passes in favour

<ul><li>RaaS Research Group has published an update report on 3D spatial data solutions group Pointerra (ASX:3DP) after the release of the Q4 cash flow and activity statements which saw a 241% increase in Q4 cash receipts to $2.67m, the best result in five quarters.</li><li>Cash receipts were the largest reported of any quarter in FY24 and the highest reported since Q3 FY23.</li><li>Cash burn for the quarter was contained to $0.18m, the best result in five quarters, with administration and other costs essentially flat year-on-year and employee costs declining 7% for the period.</li></ul>

RaaS Research Group has published an update report on 3D spatial data solutions group Pointerra (ASX:3DP) after the release of the Q4 cash flow and activity statements which saw a 241% increase in Q4 cash receipts to $2.67m, the best result in five quarters.Cash receipts were the largest reported of any quarter in FY24 and the highest reported since Q3 FY23.Cash burn for the quarter was contained to $0.18m, the best result in five quarters, with administration and other costs essentially flat year-on-year and employee costs declining 7% for the period.

Pureprofile Ltd. operates as a online marketing and research company. The Company offers consumers with a web application, which enabled them to create and maintain their profile in order to be matched with relevant business marketing messages and survey questions.

<ul><li>RaaS Research Group has published an update report on data analytics company Pureprofile (ASX:PPL) following the release of its unaudited FY24 results which included a maiden NPAT of $0.1m, a $2.0m turnaround on FY23, and EBITDA of $4.4m, down 4% on the pcp but within the guidance range of $4.1m to $4.4m.</li><li>FY24 EBITDA was ahead of our forecast for $4.3m.</li><li>Revenue for the year was $48.1m, again within the company’s guidance range of $48m to $49.1m, although a little below our forecast for $49.0m.</li></ul>

RaaS Research Group has published an update report on data analytics company Pureprofile (ASX:PPL) following the release of its unaudited FY24 results which included a maiden NPAT of $0.1m, a $2.0m turnaround on FY23, and EBITDA of $4.4m, down 4% on the pcp but within the guidance range of $4.1m to $4.4m.FY24 EBITDA was ahead of our forecast for $4.3m.Revenue for the year was $48.1m, again within the company’s guidance range of $48m to $49.1m, although a little below our forecast for $49.0m.

Pureprofile Ltd - Maiden positive NPAT FY24 EBITDA in line with guidance

RaaS selects and engages with Australian small caps and microcaps that the market has mis-priced and/or misunderstood. Our goal is to deliver a market re-rating for our clients through focused, indepth and timely research and financial models. The RaaS team comprises highly experienced equity analysts who have all been rated analysts at investment banks including Credit Suisse, BNP Paribas, Royal Bank of Canada, ICBC Standard Bank.