Aerometrex Ltd. (AMX) AI Stock Analysis

• Market Cap: AU$31.35M
• Dividend Yield: N/A
• Average Volume (3M): 72.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -3.43%
• EPS Growth: -40.65%
• Country: AU
• Employees: 118
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 94,990,640
• 10 Day Avg. Volume: 96,771
• 30 Day Avg. Volume: 72,702
• PEG Ratio: -0.08
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.89
• P/FCF Ratio: -10.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: AU$0.33 ▲(16.79% Upside)
• Action: Reiterated Date: 10/16/25
• Date: Action: Reiterated 10/16/25

Aerometrex Ltd. faces significant financial challenges, with declining revenues and profitability issues being the most critical factors. The technical analysis provides some positive signals, but the high RSI suggests potential overbought conditions. Valuation metrics are weak, with a negative P/E ratio and no dividend yield, further impacting the overall score.

Positive Factors

Asset-backed capture capability

Aerometrex's ownership and operation of specialist aircraft and sensor payloads provides durable in-house capture capability and quality control. This asset base raises barriers to entry, supports reliable delivery for government and infrastructure customers, and underpins long-term competitive differentiation.

Recurring contract potential

Multi-year and repeat programs from government and large enterprises create recurring demand through scheduled refresh cycles. Such contracts deliver revenue visibility, reduce sales volatility, and allow better resource planning and amortization of capture investments over multiple years.

Operational scalability / positive EBITDA

A positive EBITDA margin indicates the processing and distribution business can be profitable after fixed capture costs. If dataset licensing and reuse scale, marginal costs fall and EBITDA can expand, giving the company durable operating leverage as content is monetized across clients.

Negative Factors

High leverage

A D/E of 1.89 shows elevated leverage that increases interest costs and reduces financial flexibility. High debt limits the firm's ability to fund aircraft, sensors or software investments internally, raises refinancing risk, and constrains bidding agility for capital-intensive contracts.

Persistent unprofitability

Deep negative net and EBIT margins point to structural profitability shortfalls across operations. Sustained operating losses erode shareholders' equity, hamper reinvestment in platform and product development, and increase the risk the company must cut costs or seek dilutive financing to stay competitive.

Weak cash generation

A collapse in free cash flow and an OCF-to-net-income ratio of 0.17 indicate poor cash conversion. Weak cash generation threatens working capital for project delivery, increases dependency on external funding, and raises liquidity risk that can impair long-term contract execution and growth.

Aerometrex Ltd. Business Overview & Revenue Model

Company Description

Aerometrex Limited engages in aerial mapping business in Australia and the United States. The company offers an aerial LiDAR surveying service which maps the ground surface using airborne lasers; and aerial imagery subscription services. It also provides 3D solutions, which include 3D modelling and mapping system derived from oblique aerial photographs; and MetroMap, an online imagery web-serving application. The company serves architecture, engineering, and construction; energy and utilities; environment and disaster management; events, media, and entertainment; forestry and agriculture; government; insurance and financial services; natural resources, mining, and exploration; property and real estate; telecommunications; and transport, logistics, and traffic management industries. Aerometrex Limited was founded in 1980 and is headquartered in Glynde, Australia.

How the Company Makes Money

Aerometrex generates revenue through a variety of channels, primarily by offering aerial imaging and geospatial services on a project basis. Key revenue streams include the sale of high-resolution aerial imagery, 3D modeling services, and subscription-based access to their geospatial data platform. The company also earns income by providing customized mapping and analysis services tailored to specific client needs. Significant partnerships with government agencies, urban developers, and environmental organizations further enhance its earnings potential by ensuring a steady demand for its services. Additionally, Aerometrex may benefit from long-term contracts that secure recurring revenue and foster ongoing relationships with key clients.

Aerometrex Ltd. Financial Statement Overview

Summary

Aerometrex Ltd. is facing financial challenges across all verticals. The income statement reflects declining revenues and persistent profitability issues. The balance sheet shows increased leverage, which could heighten financial risk. Cash flow analysis reveals significant declines in free cash flow, indicating liquidity concerns. The company needs to address operational inefficiencies and improve cash management to stabilize its financial position.

Income Statement

Aerometrex Ltd. has faced declining revenue over the past year, with a revenue growth rate of -2.50%. The company has consistently reported negative net profit margins, with the most recent being -27.47%, indicating ongoing profitability challenges. The EBIT margin is also negative at -35.85%, reflecting operational inefficiencies. However, the EBITDA margin of 5.74% suggests some potential for operational improvements.

Balance Sheet

The company's debt-to-equity ratio has increased to 1.89, indicating a higher reliance on debt financing, which could pose financial risks. Return on equity is negative at -36.81%, reflecting poor returns for shareholders. However, the equity ratio stands at 29.26%, suggesting a moderate level of equity financing relative to total assets.

Cash Flow

Aerometrex Ltd. has experienced a significant decline in free cash flow growth, down by 216.62%, indicating cash flow challenges. The operating cash flow to net income ratio is 0.17, suggesting limited cash generation relative to net income. The free cash flow to net income ratio is negative, further highlighting cash flow issues.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	25.07M	23.90M	24.75M	25.36M	25.03M	20.94M
Gross Profit	3.95M	23.90M	-2.23M	-1.88M	1.01M	211.00K
EBITDA	4.85M	1.37M	2.92M	4.10M	7.73M	2.94M
Net Income	-4.60M	-6.57M	-4.67M	-4.24M	-1.62M	-4.12M
Balance Sheet
Total Assets	41.01M	60.99M	53.05M	45.83M	44.67M	46.23M
Cash, Cash Equivalents and Short-Term Investments	3.67M	3.88M	8.31M	9.83M	14.14M	16.55M
Total Debt	25.30M	33.66M	20.31M	3.86M	2.92M	3.64M
Total Liabilities	24.84M	43.15M	28.53M	16.83M	11.67M	11.53M
Stockholders Equity	16.18M	17.84M	24.52M	29.00M	33.00M	34.33M
Cash Flow
Free Cash Flow	5.53M	-2.11M	-1.35M	-4.78M	-3.81M	-5.37M
Operating Cash Flow	5.74M	2.28M	6.24M	4.02M	4.99M	5.08M
Investing Cash Flow	-3.45M	-3.28M	-7.59M	-8.80M	-3.63M	-10.45M
Financing Cash Flow	-3.66M	-3.43M	-166.00K	462.00K	-3.76M	-321.00K

Aerometrex Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AMX, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.27, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 66.85 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AMX.

Aerometrex Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AMX	48 Neutral	AU$31.35M	-6.80	-31.01%	―	-3.43%	-40.65%
PRO	46 Neutral	AU$8.11M	-0.79	-133.07%	―	-4.90%	-52.78%
VR1	41 Neutral	AU$67.59M	-4.00	-70.54%	―	9.67%	31.03%
ICE	38 Underperform	AU$18.08M	-4.42	-135.50%	―	-48.98%	-12.82%

Aerometrex Ltd. Corporate Events

Aerometrex Corrects Typographical Error in Record MetroMap Growth Update

Aerometrex Limited has issued a correction to its recent 1H26 results announcement, clarifying that its MetroMap platform achieved a record Annual Contract Value of $12.29 million, reflecting first-half growth of 35% on an annualised basis and 32% since December 2024. The company stressed that the previous reference to December 2025 was a typographical error of an administrative nature only, with no impact on the substance of its results or any other disclosed information, indicating that the strong operational performance and growth trajectory previously reported remain intact.

The correction underscores the continued momentum of MetroMap within Aerometrex’s portfolio, reinforcing the platform’s role as a key driver of recurring revenue growth and validating the company’s positioning in the competitive geospatial data and imagery market. Stakeholders can therefore rely on the originally reported financial outcomes and growth metrics, with the amendment serving solely to align the comparative period accurately without altering the company’s underlying operational or financial outlook.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

Aerometrex Lifts Revenue and Narrows Loss but NTA per Share Halves

Aerometrex reported a 12.3% increase in revenue to $12.93 million for the half year ended 31 December 2025, compared with $11.51 million a year earlier, while narrowing its after-tax loss attributable to members to $1.73 million from $3.70 million. The company did not declare a dividend, maintained its share count at 94,990,639, and saw net tangible asset backing per share fall to $0.05 from $0.10, signalling improved operating performance but a weaker balance-sheet metric that shareholders will watch closely.

No acquisitions, disposals, associates or joint ventures were recorded during the period, indicating a stable corporate structure as Aerometrex pursues organic growth. The interim financial statements underwent an independent review by Grant Thornton Audit Pty Ltd, providing external assurance on the half-year figures as the company continues to operate under ASX and Corporations Act continuous disclosure requirements.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

Aerometrex posts record first-half revenue and EBITDA on MetroMap and LiDAR rebound

Aerometrex has reported a record unaudited first-half result for the six months to 31 December 2025, with group statutory revenue expected between $12.75 million and $13.25 million, up 10–15% year on year, and EBITDA forecast to rise more than threefold to $3.25–3.75 million, surpassing its FY25 full-year result. The performance was driven largely by strong momentum in its MetroMap subscription platform, which achieved a record annual contract value of about $12.29 million and statutory subscription revenue of $5.5–5.9 million, underpinned by new product features such as oblique imagery, elevation and contour lines, and expanded coverage to 94% of the population. LiDAR revenues also rebounded to $6.2–6.6 million on the back of increased sales activity and better utilisation of Aerometrex’s aircraft fleet, while the company maintained a cash balance of $3.67 million for a third consecutive quarter of stable cash flow, signalling a clearer path toward sustainable profitability and reinforcing its competitive position in the geospatial data market.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

Aerometrex Updates Director’s Interest Notice for Transparency

Aerometrex Limited announced a correction to a previously lodged Appendix 3Y for Director Robert Veitch, clarifying the closing balance of shares held. The update does not alter any other details of the form, and the Board of Directors has approved the release. This correction ensures transparency in the company’s reporting of director interests, maintaining trust with stakeholders and compliance with ASX regulations.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

Aerometrex Issues CEO Performance Rights to Align Executive Incentives

Aerometrex Ltd. announced the issuance of 1,691,042 unquoted CEO Performance Rights as part of a previously announced transaction. This move reflects the company’s strategic initiatives to align executive incentives with performance goals, potentially impacting its operational dynamics and stakeholder interests.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

Aerometrex Announces Proposed Securities Issue

Aerometrex Limited has announced a proposed issue of 1,691,042 securities under the ASX code AMX, scheduled for December 4, 2025. This issuance, categorized as CEO Performance Rights, is part of a strategic move to align executive compensation with company performance, potentially impacting the company’s market position and stakeholder interests.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.