Pointerra Ltd (ASX:3DP) provides an end to end, cloud-based data as a service solution for capturing, storing, manipulating and analysing massive 3D datasets in the geospatial sector. It has taken what has been a highly manual, slow and cost prohibitive process and turned it into a fast, efficient workflow solution for 3D data, enabling digital asset management from any device in any location. Its customer base spans pole and power companies, resources companies, construction companies, government agencies, data capture companies and surveyor and mapping companies. It generates income from subscriptions to host and provide access to data (data as a service), to process the huge data sets (data processing as a service) and increasingly from analysing the data (analytics as a service). With expanded datasets on its platform, Pointerra is now partnering with its customers to create a data marketplace which delivers additional revenue and customer opportunities to the group. The company has announced that Annual Contract Value (ACV), is US$6.88m at 29 January, which is ahead of our forecast for US$6.37m at the end of Q2 FY21. Pointerra has also reported a better than forecast operating cashflow loss of $0.23m (versus our forecast of a loss of $1.1m), driven by a $0.58m R&D grant and lower than expected operating expenditure. Our DCF valuation remains unchanged at $0.75/share.