Aerometrex Ltd. (AMX) AI Stock Analysis

• Market Cap: AU$21.85M
• Dividend Yield: N/A
• Average Volume (3M): 72.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• 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$0.23 ▼(-18.57% Downside)
• 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

Specialized data-capture capability

Owning and operating specialist aircraft and sensor payloads is a durable competitive advantage: it reduces reliance on third-party contractors, ensures control over capture quality and scheduling for large government/infrastructure projects, and supports scalable service delivery and margin preservation over multi-year programs.

Recurring/licensing revenue potential

Multi-year government and enterprise refresh cycles create structurally recurring demand for re-capture and licensing, providing predictable revenue tails. This supports long-term cash visibility, higher lifetime customer value, and the ability to plan aircraft/sensor utilization and processing capacity.

Positive EBITDA margin indicating operational leverage

A positive EBITDA margin, despite headline losses, indicates operating activities can generate gross cash profit and that processing/distribution scale can improve profitability. With increased dataset licensing and efficiency gains, EBITDA is a durable lever for margin recovery over the medium term.

Negative Factors

High leverage

A debt-to-equity ratio near 1.9 signals significant reliance on debt financing. High leverage reduces financial flexibility for capex or bid-backed working capital, raises refinancing and covenant risk, and magnifies earnings volatility—important for an asset-intensive mapping business.

Sustained unprofitability

A large negative net margin shows the company is not generating bottom-line returns; coupled with a reported negative ROE (-36.81%), it indicates persistent inability to convert revenue into shareholder value. This undermines reinvestment capacity and increases reliance on external funding.

Severe cash-flow deterioration

A >200% decline in free cash flow and an operating cash flow to net income ratio of 0.17 indicate weak cash conversion. Poor cash generation limits the firm’s ability to service debt, invest in aircraft/sensors, or fund growth without external financing, raising medium-term funding risk.

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 makes money primarily by selling geospatial data capture and data processing services and by commercialising the resulting spatial datasets. Key revenue streams include: (1) Project-based services revenue from contracted aerial surveying and mapping work—customers pay for the capture of aerial imagery and/or lidar and for the processing, quality assurance, and delivery of mapping outputs (e.g., orthophotos, elevation models, point clouds, and other 2D/3D geospatial products). Pricing and revenue are typically tied to scoped projects, delivery milestones, and dataset specifications. (2) Product and data sales/licensing revenue from providing customers access to existing aerial imagery and 3D datasets through digital distribution channels—customers pay to license or purchase datasets for use in their own GIS, planning, engineering, or analytics workflows. (3) Ongoing/recurring revenue where multi-year or repeat programs are awarded by government agencies and large enterprises that require periodic re-capture (updates) of imagery/lidar over defined areas; these arrangements can create repeatable demand for refresh cycles and associated processing work. Significant factors that contribute to earnings include the company’s ability to win tenders and long-term supply arrangements (commonly with government mapping and infrastructure agencies), its ownership/operation of specialist aircraft and sensor payloads (enabling data capture capability), and the scalability/margins of processing and distribution once datasets are captured. Specific details on named partnerships, contract values, or the exact split of revenue by stream are null.

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AMX, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.27, and above the 200-day MA of 0.24, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 35.26 is Neutral, neither overbought nor oversold. The STOCH value of 28.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$21.85M	-3.90	-27.05%	―	-3.43%	-40.65%
ICE	41 Neutral	AU$20.74M	-3.83	-153.09%	―	-48.98%	-12.82%
VR1	40 Underperform	AU$74.35M	-1.75	-60.02%	―	9.67%	31.03%
PRO	39 Underperform	AU$8.83M	-0.46	783.67%	―	-4.90%	-52.78%

Aerometrex Ltd. Corporate Events

Aerometrex Wins $2.5m in New Government Contracts, Bolstering Growth Outlook

Aerometrex has secured a series of new government contracts across federal, state and local departments in FY26, covering MetroMap subscriptions and MetroMap and LiDAR project work worth about $2.5 million over three years. The wins deepen its government customer base, enhance revenue visibility and highlight the competitive advantage of its Australian ownership, sovereign capability and onshore service delivery.

The company says the awards validate its strategy of building recurring revenue and strengthening its position in government procurement pipelines, as authorities place greater emphasis on local supply chains and domestic industry support. Aerometrex is actively pursuing further tenders and negotiations, signalling a robust pipeline that could support disciplined growth, operational efficiency and long-term value for shareholders.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.32 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

Aerometrex issues risk-heavy investor presentation for March 2026 webinar

Aerometrex Ltd. has released an investor presentation for a Coffee Microcaps webinar scheduled for 6 March 2026, outlining information for potential and existing shareholders. The document is framed almost entirely as a legal and investment disclaimer, emphasising that it is not an offer or financial advice and that any investment decision should be made with independent professional guidance.

The presentation highlights extensive risk warnings, stressing that no representation or warranty is given on the accuracy or completeness of the information and that past performance is no guarantee of future returns. It also underlines that forward-looking statements are inherently uncertain, may differ materially from actual outcomes, and that the company assumes no obligation to update such statements, underscoring the speculative nature of any investment in its securities.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.32 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

Aerometrex to Showcase Geospatial Business at Coffee Microcaps Webinar

Aerometrex will present at the Coffee Microcaps Webinar on 6 March 2026, with chief executive officer Robert Veitch outlining the company’s activities and answering investor questions. The event offers shareholders and prospective investors an opportunity to engage directly with management, potentially increasing market visibility for the ASX-listed geospatial specialist and supporting its investor relations efforts.

The most recent analyst rating on (AU:AMX) stock is a Hold with a A$0.32 price target. To see the full list of analyst forecasts on Aerometrex Ltd. stock, see the AU:AMX Stock Forecast page.

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.