Is Aerometrex the new Nearmap (NEA.ASX)?
Aerometrex provides, Aerial photography, photogrammetry, LiDAR and high resolution, high-accuracy 3D modelling, in fact very similiar to peer Nearmaps.
|Nearmap 2013||Aerometrix 2019|
|Shares on Issue||323,346,101||94,400,000|
Aerometrex seems to be at a similiar stage as Nearmaps was in 2013, however it is worthwhile to note, they have positive NPAT and EBITDA.
Prophet believe AMX may have the potential to follow in the footsteps of its Peer NEA, however it is worthwhile noting that there will likely be significant volititlty over the short term as the market prices the company.
Prophet intends to hold a small parcel of AMX.ASX upon listing.
Disclaimer: [The above is opinion only and is not financial advice, consult your financial advisor before making any investment decisions.]
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