Aerometrex has renewed and extended its multi-million dollar agreement with Landchecker, significantly increasing its annual recurring revenue through the MetroMap platform.
- Agreement renewed early, extending contract to June 2027 with option to 2029
- Minimum annual commitment increased to $3.0 million through FY27
- Variable licence fees apply for additional licences beyond fixed amount
- Partnership validates Aerometrex’s indirect customer growth strategy
- Landchecker integrates high-resolution MetroMap imagery into its platform
Renewal and Revenue Growth
Aerometrex Limited (ASX – AMX) has announced a significant renewal and extension of its agreement with Landchecker, a leading property data and technology provider. The renewed contract commits Landchecker to a minimum annual payment of $1.5 million for each of the next two financial years, effectively doubling the minimum commitment to $3.0 million through to June 2027. There is also an option to extend the agreement for an additional two years, potentially increasing the minimum commitment to over $3.2 million through to 2029.
Strategic Partnership Model
This renewal underscores the success of Aerometrex’s partnership program, which aims to expand its indirect customer base by collaborating with prominent Australian analytics companies. Landchecker’s platform integrates Aerometrex’s MetroMap high-resolution aerial imagery, which is a critical component for Landchecker’s more than 180,000 property professional users. The ongoing partnership highlights how Aerometrex leverages its geospatial technology to embed itself within broader property and analytics ecosystems.
Contract Details and Flexibility
Under the terms of the agreement, Landchecker purchases a fixed number of MetroMap licences annually, with the option to acquire additional licences at an agreed price. This uncapped variable licence fee structure offers Aerometrex potential upside beyond the guaranteed minimum payments, providing a flexible revenue stream aligned with Landchecker’s growth. The contract extension also adds an extra year beyond the original term, with a further two-year extension option, signaling confidence from both parties in the long-term value of the partnership.
Leadership Perspectives
Rob Veitch, Acting CEO of Aerometrex, emphasized the strategic importance of Landchecker as a MetroMap partner, noting the renewal as a testament to the strength of Aerometrex’s partner model in driving revenue and annual contract value growth. Meanwhile, Landchecker’s CEO Adam Gandolfo highlighted the integral role MetroMap’s imagery plays in their offering, with customers engaging with the aerial data daily to inform property decisions.
Market Implications
This contract renewal not only secures a substantial and predictable revenue base for Aerometrex but also validates its approach to growing recurring revenue through strategic partnerships. As the geospatial technology sector becomes increasingly competitive, Aerometrex’s ability to embed its products within established platforms like Landchecker could prove pivotal in sustaining growth and market relevance.
Bottom Line?
Aerometrex’s strengthened partnership with Landchecker sets the stage for sustained recurring revenue growth and deeper market integration.
Questions in the middle?
- How will Aerometrex leverage this partnership to attract additional indirect customers?
- What impact will the variable licence fees have on total revenue beyond the minimum commitments?
- Could this renewal signal further strategic partnerships or expansions in Aerometrex’s product offerings?