Aerometrex Unveils Largest MetroMap Upgrade, Hits $11.5M Breakeven Milestone
Aerometrex has launched its most significant update yet to the MetroMap platform, introducing advanced imaging features and a revamped sales strategy that have pushed annual contract value beyond breakeven.
- Largest update to MetroMap with Oblique Imagery and Elevation tools
- New AI-driven insights and modernized user interface
- Platform coverage now reaches 94% of the Australian population
- Sales team rebuilt with SaaS veterans to accelerate growth
- Annual Contract Value surpasses $11.5 million, covering delivery costs
A Major Leap for MetroMap
Aerometrex Limited (ASX, AMX) has announced the most comprehensive upgrade in the history of its flagship MetroMap Mapviewer platform. This update introduces a suite of powerful new features, including Oblique Imagery that allows users to view aerial images from multiple angles and an Elevation tool for measuring terrain and structures. Complementing these are dynamic contour lines, terrain hillshade visuals, and AI-generated insight layers that identify objects such as swimming pools, solar panels, and tree coverage.
These enhancements respond directly to customer feedback and are designed to broaden MetroMap's appeal, potentially increasing the average revenue per subscriber by offering richer, more actionable data.
Expanding Reach and Sales Muscle
Alongside product innovation, Aerometrex has overhauled its sales function, bringing in seasoned professionals with proven SaaS growth experience. This strategic move aims to accelerate enterprise adoption and penetrate high-value market verticals more effectively. The company has also invested in digital channels, upgrading its e-commerce capabilities to allow customers greater autonomy in purchasing subscriptions.
Meanwhile, the MetroMap Capture program has expanded coverage to encompass 94% of Australia's population, a 15% year-on-year increase over the past two years. This growth is supported by a multi-sensor data capture strategy, including vertical, oblique, near-infrared, and LiDAR imagery, enabling Aerometrex to offer off-the-shelf datasets that open new revenue streams.
Financial Milestone and Future Outlook
Crucially, MetroMap's Annual Contract Value (ACV) has reached $11.54 million as of the first quarter of FY26, surpassing the program's delivery costs and marking a breakeven point. This financial threshold frees up resources for further product development and customer acquisition efforts.
CEO Robert Veitch expressed optimism about the platform's trajectory, emphasizing that the recent update is just the first phase of a long-term roadmap aimed at differentiating MetroMap in a competitive market. He highlighted the unique position of MetroMap as the only Australian-owned image subscription service, signaling confidence in sustained growth through FY26 and beyond.
Bottom Line?
With breakeven achieved and a robust upgrade in place, Aerometrex is poised for accelerated growth; but execution on its long-term roadmap will be key.
Questions in the middle?
- How will the new AI-generated insights impact subscriber growth and retention?
- What are the next phases of the long-term strategic roadmap beyond this update?
- How will Aerometrex's expanded sales team perform in penetrating new verticals?
