Aerometrex signs significant LiDAR contract to support Great Barrier Reef.

SP has suffered from a lack of significant growth. I feel that LiDAR is their niche and this contract supports that thesis with environmental applications being a potential growth area.

Aerometrex has signed a material LiDAR contract for approximately $1.0 million (GST exclusive) with the Queensland Government The work is expected to be completed by June 2024.

The project requires high density LiDAR data which will be used to create high fidelity regional terrain models. The LiDAR survey will support the Australian and Queensland Governments in their ongoing initiative of mapping key areas of the Great Barrier Reef catchments.

Aerometrex’s Managing Director, Steve Masters said:

“This is an exciting project that further builds on the work undertaken by Aerometrex through its LiDAR product line and follows several material contract wins this year in support of environmental initiatives. 

This agreement aligns with Aerometrex’s key strategic initiatives to support critical sustainability and environmental management projects and the positive impact that this can have on our community, adding to past work in areas such as bushfire fuel load management, surface water management, erosion modelling, informed agriculture, and more.

Nice data set sale for AMX which just scrapes in this FY. SP has moved off lows and this should help maintain the momentum.

Aerometrex Announces Material Off-The-Shelf Data Sale $1.69 million sale to Australian Government Agency with a delivery date of 26 June 2023. As the transaction is an off-the-shelf sale of datasets, the revenue will be recognised on delivery

CEO Mr Steve Masters said: “We are delighted to have again been awarded a material sale of data to the Australian Federal Government. This sale continues to reinforce the company’s strategy to focus on creating high quality datasets where the intellectual property ownership belongs to Aerometrex that can be re-sold to all customers”.

2 today. Metromap ARR has flatlined this quarter ~7M although still up YOY and a record ARR partner program contract win with Landchecker. SP has been hammered after a pump to 60c don’t think these announcements are going to turn it around but still positive.

MetroMap annual recurring revenue (ARR) was $7.195 million at 31 March 2023, up 13% YoY (March 2022: $6.345 million), down 2% QoQ

Aerometrex signs multi-million dollar MetroMap agreement with Landchecker (Landchecker was founded in 2015 and is owned by RACV, PEXA and the founders. Landchecker provides an all-in-one source of property information to over 90,000 property professionals and is used by Developers, Legal Practitioners, Valuers, Real Estate Agents, Architects, Town Planners and property consumers Australia wide.)

• Minimum payments to Aerometrex of $2.65 million over the 38 month contract term

• Upside revenue opportunities through additional licence sales

This is the largest MetroMap partner program agreement in Aerometrex’s history and will make a strong contribution to MetroMap’s Annual Recurring Revenue (ARR) stream over the contract term.” (3 years)

The key terms include:

1. Landchecker will pay to Aerometrex a minimum annual payment fee of $0.8 million for the fixed number of licences.

2. Landchecker can purchase additional licences above the fixed amount at an agreed price per licence, thereby enabling additional revenue opportunities for Aerometrex and Landchecker over the contract term.

3. The number of additional licences that Landchecker can purchase from Aerometrex above the fixed licence quantity is uncapped.

4. All licence payments are subject to annual fixed indexation and will be invoiced monthly.

Held in RL

Following @Wini’s review of the AGM and pointing out the potential for the 3D datasets AMX announced sale of selected USA high-resolution 3D models to a leading consumer technology company. However despite being the single largest sale the revenue was deemed immaterial. These off the shelf datasets can be sold many times so hopefully this leads to further revenue down the track.

Represents the single largest sale to date from Aerometrex’s USA off-the-shelf 3D model catalogue.

Aerometrex’s 3D models in Australasia and the USA are being used widely in industries as diverse as urban planning, civil engineering, computer gaming, asset management, mining and coastal erosion. The 3D content can be consumed and displayed in web browser applications, geospatial software, virtual reality systems and gaming engines. Aerometrex strongly believes that high-quality, high-resolution, accurate 3D data will become the dominant data type in mapping and planning activities in the short- to medium-term, and will play an increasing role in communication, visualisation and measurement.