Australian aerial mapping company Aerometrex has reported a 44 per cent revenue growth in its maiden half-year since being listed on the ASX.
Aerometrex has conducted major aerial imagery programs for both Microsoft Bing Maps and Google Earth.
Managing director Mark Deuter said, “The decision to pursue an ASX listing was a result of the significant growth opportunities for the business. This half saw a large increase in revenue growth as the business continues to gain market share in an industry with strong tailwinds.
“It was particularly pleasing to see the company’s strategic initiatives already starting to deliver positive financial outcomes.
“With IPO funds received at the end of the reporting period, we are in a strong position to capitalise on the high level of demand for imagery and mapping services across our operating segments.
“This is the first result for Aerometrex as a listed business and we look forward to an exciting journey ahead in a rapidly expanding market.”
Established in 1980, Aerometrex has built a reputation as a leading practitioner of aerial imaging, photogrammetry, 3D modelling and lidar surveys.
The business has conducted major aerial imagery programs for Microsoft, with its Bing Maps Ultracam Osprey oblique camera program for every Australian capital city, and for Google Earth, with its Australia/NZ Cities 3D mapping program.
Some of the largest aerial surveys undertaken in Australia have been acquired and processed by Aerometrex.
These include the Galilee Basin survey of 115,000 square kilometres for the Queensland government; the Western Victoria aerial survey of 73,500 square kilometres for the Victorian government; and a series of cross-continental linear corridor surveys of 9,000 kilometres for Visionstream.
The company also routinely undertakes major government contracts with both state and federal government.