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There is enough space for more than one operator in the market. Nearmap reckons AUD/NZ is about $300Million. Aerometrex is an established, successful and professional aerial imaging and mapping company, with specialist expertise in Photogrammetry, LiDAR, and 3D modelling. Mr Deuter said: “The decision to pursue an ASX listing was a result of the significant growth opportunities for the business. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. In April 2020, Aerometrex agreed to pay $1.5 million to acquire an operating division of Spookfish from US aerial-mapping market-leader EagleView. Our latest articles and strategies for the post-work life you want. Its Metromap offering remains a strategic focus, with management expecting to continue to grow its recurring revenue. .cq-wcm-edit .news-tag{display:block;} Good … Former Citi investment banker Chris Knoblanche has reeled in some big fish in his new job as Hipages chairman. Nearmap shares are trading up 124 per cent in the last 12 months to $2.82. MetroMap has accurate online imagery for more than 8.5 million residences in Australia. The value of shares and ETFs bought through an IG share trading account can fall as well as rise, which could mean getting back less than you originally put in. Sally Capp has held off her closest rival and former deputy Arron Wood, to be returned as Melbourne Mayor as she promises to re-energise the city in the wake of the pandemic. It's free. The construction equipment and services company has got in front of fund managers one last time before its IPO bookbuild later this week. Digital mapping company Aerometrex (ASX:AMX) is continuing to grow its revenue base and has attracted two new major clients in Suncorp Group (ASX:SUN) and Geoscape Australia. NEA Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held Prior to joining Aerometrex, Mark worked in airborne geophysics data processing for 13 years as General Manager and later Managing Director of Pitt Research Pty Ltd, a small airborne geophysics data … Specifically, the company will look grow its subscription-based revenue … “Geoscape Australia has collaborated with Aerometrex for several years, and our product portfolio has benefited greatly from their high-quality imagery and related services,” chief executive Dan Paull said. Deriving its revenue from a combination of subscription and project-based models, Aerometrex's core operations span four key areas, including: aerial photography and mapping, aerial LiDAR surveys, 3D modelling and MetroMap. Aerometrex share price skyrockets over 100% during today's IPO, Increase your market exposure with leverage, Get commission from just 0.08% on major global shares, Trade CFDs straight into order books with direct market access. Aerometrex is seeing accelerating revenue growth. .na-article .article__content ol li:before{top:0} html:lang(en-GB) .news-tag{ display: block; Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! But chief executive Brad Banducci needs to race to keep up with this dramatic shift. By the late afternoon this bullishness was mostly intact, with Aerometrex trading around the $1.915 mark. The issue price of the IPO shares was set at $1.00 per share. Aerometrex specialises in aerial photography and aerial mapping and uses technology including, Light Detection and Ranging (LiDAR), 3D modelling and aerial imaging. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns. Please remember that investments can go up and down. Please visit the forums tab for general discussion. Adding onto the Bull case, 3d video mapping may be used in new ways from E.Vs to gaming  and used more from Forestry, surveying, mining, planning etc. Motley Fool Australia » Share Market News » Nearmap rival Aerometrex delivers strong first half growth, James Mickleboro | February 28, 2020 7:33am | More on: AMX NEA. Nearmap reckons AUD/NZ is about $300Million. Without a monopoly they are going to find it harder to raise prices than they otherwise would, so I'd prefer to put my money on one of those. Johannes Risseeuw, the chairman of workplace SaaS business Damstra, Woolies races to keep up with online shopping revolution. Will the pandemic see Americans rally around the flag? On the revenue front, the company has seen its revenue grow from $9.7m to $16.1m – from FY17 to FY19. Win at Retirement Vote counting has started in eastern states and on early measures the race is tight. Consequently any person acting on it does so entirely at their own risk. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. The information is not intended to imply any recommendation or opinion about a financial product. This website is owned and operated by IG Markets Limited. The company estimates the size of the market for its MetroMap geospatial digital data as a service (DaaS) at $75m to $80m per year. Aerometrex (ASX: AMX) today announced that it had successfully completed its IPO, raising $25m in fresh funds and issuing 25m shares as a result. https://www.youtube.com/watch?v=oS2sqEM-YxQ. They use high altitude planes which allows them to take aerial footage where drones can't, either due to safety or the size of the area mapped. Overall, management believes the short and medium term outlook for the industry looks very strong and Aerometrex has started to see the benefit from an increased profile as a listed entity. Past performance is not necessarily indicative of future returns. Please consider the Margin Trading Product Disclosure Statement (PDS) before entering into any CFD transaction with us. There is enough space for more than one operator in the market. "I'd say we have as good a resolution as Nearmap in 2D aerial imagery. "We're a little bit different, we actually like making money while we grow," Mr Risseeuw told the virtual conference. This half saw a large increase in revenue growth as the business continues to gain market share in an industry with strong tailwinds. It also offers an aerial imagery subscription service, known as MetroMap with access to high … The information on this site is not directed at residents of the United States or any particular country outside Australia or New Zealand and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Revenue for Aerometrex increased to $2.75m in the September quarter, including earnings from new clients of $1m, up 670 per cent from $357,000 in the corresponding 2019 period. Our award-winning 3D modeling service provides an end-to-end solution from flight planning to … According to documents sent to fund managers, Aerometrex has achieved revenue growth of 28.8 per cent CAGR since 2017. 0 : Created with Sketch. Move over wind farm deals, it's solar farms' time in the sun. Through a strategic partnership the company will derive some sales revenue from Geoscape products. Aerometrex specialises in aerial photography and aerial mapping and uses technology including, Light Detection and Ranging (LiDAR), 3D modelling and aerial imaging. Aerometrex finds good demand for its digital imagery services, revenue growth had occurred during the COVID-19 pandemic. The launch comes amid a poor month for IPOs, as Latitude Financial Group, PropertyGuru and MPC Kinetic all pulled their floats. Unsubscribe whenever your want.

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