AMX Completes Strategic Review Unlocks Growth, Cuts Costs
Stock | Aerometrex Ltd (AMX.ASX) |
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Release Time | 23 Jul 2025, 9:37 a.m. |
Price Sensitive | Yes |
Aerometrex Completes Strategic Review, Unlocks Growth and Cuts Costs
- $2 million in cost reductions through streamlined operations
- Initiatives to monetise Aerometrex's imagery, 3D, and LiDAR database
- Appointment of industry veteran John Beresford as Head of Sales to accelerate growth
Aerometrex (ASX: AMX) has announced the completion of its Strategic Review, delivering immediate financial and operational gains while setting the stage for accelerated growth in FY26. Led by Acting CEO Robert Veitch, the review focused on unlocking the underlying value of Aerometrex's three core business divisions, optimising operations, and aligning the organisation for scale and profitability. The review was supported by the Board and Executive Team and conducted over the past five months with a clear focus on execution. Key outcomes include $2 million in cost reductions through significant optimisation measures, initiatives to monetise Aerometrex's vast imagery, 3D, and LiDAR database, smarter aviation asset utilisation, the appointment of industry veteran John Beresford as Head of Sales, and the implementation of a new 'One Aerometrex' operating model to drive collaboration and a unified vision. The Company has also seen a laser focus on building annual contract value (ACV), resulting in over $1.2 million in new ACV added in H2 FY25. With a strong and growing sales pipeline, optimised cost base, and enhanced recurring revenue model, Aerometrex is now firmly positioned for growth into FY26.
With a strong and growing sales pipeline, optimised cost base, and enhanced recurring revenue model, Aerometrex is now firmly positioned for growth into FY26.