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Aerometrex Ltd.
AMX.AU
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Aerometrex Appoints Robert Veitch as CEO to Drive Growth

Aerometrex Ltd. has appointed Robert Veitch as CEO and Managing Director, effective immediately. Veitch, who joined the company in 2024, has optimized operations and reduced costs by $2 million annually. His leadership is expected to enhance revenue growth and profitability. The current analyst rating for Aerometrex (AU:AMX) is a Hold with a price target of A$0.50. Aerometrex specializes in aerial mapping and has a market cap of A$19.95M.

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Aerometrex Secures Major LiDAR Contract with Queensland Government

Aerometrex Ltd. has secured a significant LiDAR contract worth approximately $0.875 million with the Queensland Government to deliver high accuracy airborne LiDAR and aerial imagery across south-west Queensland. This project, funded by both the Australian and Queensland governments, is expected to be completed by 2025. Aerometrex, established in 1980, specializes in aerial mapping and operates globally. The company's current market cap is A$18.52M, with a year-to-date price performance of -35.00%.

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Aerometrex Initiates Strategic Review to Unlock Business Value

Aerometrex Ltd. has initiated a Strategic Review to optimize its operations and align business value with market valuation. Led by Acting CEO Rob Veitch, the review will focus on cost optimization, margin growth, and revenue acceleration, particularly for the MetroMap unit. The company is also evaluating unsolicited corporate approaches to enhance shareholder value. Aerometrex specializes in aerial mapping and operates extensively in Australia, with a current market cap of A$26.6M and a year-to-date price performance of -6.67%.

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