ASX Tech: Aerometrex drops despite bumper revenue while Li-S delivers debut annual report
Geospatial tech company Aerometrex dropped 7% despite a bumper increase in annual recurring revenue (ARR) growth for its MetroMap Data-as-a-Service (DaaS) aerial imagery subscription offering.
ARR grew to $4.94 million at 30 September 2021, up 78% YoY (Q1 FY21: $2.77 million) and up 2.75% QoQ.
MetroMap builds on the Company’s extensive experience and expertise in aerial imaging and provides subscribers with an Australia-wide archive of high-quality, accurate aerial imagery that is updated up to four times per annum for capital cities and annually for major regional and rural centres.
“This growth reflects increasing acceptance of MetroMap’s superior product offering to SME businesses where we have seen the largest growth in subscriber numbers,” managing director Mark Deuter said.
“With far greater capacity for capture frequency through the cessation of our aerial photography contract work, we are now not only providing our customers with a superior quality product but also up-to-date imagery capture.”
“In addition, there are a number of technical initiatives being progressed as part of MetroMap’s product roadmap that we anticipate will deliver even greater value for our customers and drive further growth in annual recurring revenue.”
Even after an annual report detailing an operating loss before income of $2,283,399 – compared to $35,148 last year – Li-S Energy rose slightly to 0.4% today.
The lithium-sulphur battery company listed last month, and said its loss included $1,193,104 of IPO expenses.
However, chairman Ben Spincer said the outlook is positive, with worldwide demand for more powerful and efficient batteries increasing exponentially.
“Affordable, high-performance lithium-sulphur batteries have the potential to fundamentally drive adoption in these markets, creating EVs that drive further, drones that fly longer and mobile devices that last for days instead of hours,” he said.
“Li-S Energy has an enviable opportunity to contribute to the development and production of lithium-sulphur batteries to supply a multitude of industries and uses.”
Spincer says the company is well positioned to deliver on its goals of:
One of the few tech winners today was software player Nuix, up 6.6% after announcing a new CEO in Jonathan Rubinsztein and CFO in Chad Barton.
Company chair Hon Jeff Bleich said Rubinsztein possesses an ideal set of qualities to lead the organisation into its next chapter.
He comes on board following a tumultuous start to life as a listed company for Nuix, which has faced a number of controversies since listing last year.
“He brings a deep understanding of our requirements and opportunities, and a successful record of steering an ASX- listed entity through a period of transformation and growth,” he said.
“The board was especially impressed with Jonathan’s strategic thinking, global viewpoint, tremendous energy and commitment to culture and staying true to Nuix’s organisational mission.
“He displays a devotion to achieving standards that delight customers, and an acute awareness of the powerful role of the Nuix engine and the opportunities that come from this unique and world leading technology.”
These executive appointments follow the recent additions to the board of Jackie Korhonen and Rob Mactier as independent directors.
“These seasoned business leaders have already demonstrated their wisdom and reach, and better position Nuix to capture the significant opportunities that exist for its world class products,” Bleich said.