Aerometrex’s flagship platform MetroMap has reached a significant milestone, surpassing $10 million in Annual Contract Value, reflecting strong growth and customer trust since its 2020 launch.
- MetroMap hits $10 million Annual Contract Value milestone
- 22% compound annual growth rate since Q1 2020 launch
- Broad adoption across industries and organisation sizes
- Strategic investments underpinning platform growth
- Aerometrex expanding presence in Australia and USA
Milestone Achievement Signals Momentum
Aerometrex Limited (ASX: AMX) has announced that its flagship geospatial platform, MetroMap, has surpassed $10 million in Annual Contract Value (ACV). This milestone marks a significant step for the company, highlighting a 22% compound annual growth rate since MetroMap’s launch in early 2020.
MetroMap, designed to provide intuitive geospatial insights and analytics, has steadily gained traction across a diverse range of industries. Its subscription-based model reflects growing customer reliance on data-driven decision-making tools, which Aerometrex has capitalised on through strategic investments and continuous product development.
Customer Trust and Market Validation
Acting CEO Robert Veitch emphasised that reaching this $10 million ACV milestone is more than a financial benchmark. It represents validation of MetroMap’s mission to empower customers with smarter, faster, and more informed decisions. The platform’s appeal spans small, medium, and enterprise organisations, as well as an expanding partner network, underscoring its versatility and broad market relevance.
With operations in both Australia and the USA, Aerometrex is well positioned to leverage MetroMap’s momentum in key markets. The company’s focus on geospatial technology, including LiDAR and 3D visualisation models, complements MetroMap’s capabilities and supports its growth trajectory.
Looking Ahead: Growth and Innovation
While the announcement does not disclose detailed financials beyond ACV, the steady growth trajectory suggests that Aerometrex’s strategic focus on MetroMap is paying dividends. Investors and industry watchers will be keen to see if this momentum continues in upcoming quarters, particularly as data analytics and geospatial solutions become increasingly integral to business operations.
MetroMap’s success also raises questions about potential new features, market expansion, and partnerships that could further accelerate growth. Aerometrex’s ability to innovate and maintain customer trust will be critical as competition in the geospatial technology sector intensifies.
Bottom Line?
Aerometrex’s MetroMap milestone sets the stage for a pivotal growth phase amid rising demand for geospatial intelligence.
Questions in the middle?
- Can Aerometrex sustain or accelerate MetroMap’s 22% annual growth rate?
- What new industries or regions might MetroMap target next?
- How will Aerometrex leverage its broader geospatial tech portfolio alongside MetroMap?