AUS
NZ
UK
CA
USA
IND
Highlights
- Aerometrex hits $10m milestone in MetroMap contract value
- MetroMap platform sees 22% CAGR growth
- New government LiDAR deal boosts Aerometrex footprint
Aerometrex (ASX:AMX), a leading name in geospatial technology, has reached a significant milestone, surpassing $10 million in annual contract value (ACV) for its MetroMap aerial imagery platform. This marks a strong leap from the $9.33 million reported just a few months ago in December, representing a compound annual growth rate of around 22%.
This progress highlights Aerometrex’s commitment to innovation and strategic investment, particularly in developing MetroMap as a core offering. The platform delivers high-resolution 2D and 3D aerial imagery to a range of industries, enabling more informed decision-making through geospatial insights.
Acting CEO Robert Veitch noted that this milestone is more than just a financial metric—it reflects growing customer reliance on MetroMap’s capabilities and data accuracy. He credited the company's team and its customer partnerships for helping fuel this continued upward trajectory.
MetroMap's user-friendly online store, launched in March 2020, plays a key role in its growth. It allows users to access a rich library of aerial data, including detailed 3D models and precise 2D imagery. The platform gives clients the flexibility to define target areas, apply data format filters, and receive electronic delivery of purchased content.
In parallel with its platform’s commercial success, Aerometrex recently secured a government contract valued at $875,000 for airborne LiDAR (light detection and ranging) and aerial imagery services across south-west Queensland. The project is jointly supported by the Australian and Queensland governments under the Disaster Recovery Funding Arrangements initiative. This move further cements the company’s role in national-scale data capture and disaster management initiatives.
As Aerometrex strengthens its presence, it joins the conversation around potential players in the growing pool of ASX dividend stocks. For those monitoring performance benchmarks like the ASX200, this update adds weight to the company’s profile on Australia’s main index.
In leadership news, Robert Veitch was appointed as acting CEO earlier this year, following the departure of Steve Masters. Veitch brings over 30 years of experience in digital innovation, with particular expertise in 3D technology, immersive systems, and AI-enhanced applications.
Aerometrex (AMX) appears to be scaling both technologically and commercially, with MetroMap emerging as a significant contributor to its long-term growth story.
