Aerometrex Limited (ASX:AMX) has released preliminary unaudited financial guidance for the fiscal year ended 30 June 2024 (FY24). The company anticipates delivering the following key financial results:
Group Revenue
Aerometrex expects total group revenue to range between AU$24.5 million and AU$25.0 million, reflecting a slight decline of 1.4% to 3.4% compared to FY23. This decline is attributed to various market and operational factors affecting the company's performance.
MetroMap Subscription Revenue
The company's MetroMap subscription service has shown significant growth, with revenue expected to be between AU$8.4 million and AU$8.7 million. This represents an increase of 16.8% to 21% over the previous fiscal year. The growth in subscription revenue highlights the continued strong demand for Aerometrex's geospatial data and services.
MetroMap Annual Recurring Revenue (ARR)
MetroMap's annual recurring revenue (ARR) is projected to be between AU$9.0 million and AU$9.3 million, marking an increase of 18.3% to 22.2%. The increase in ARR underscores the success of Aerometrex's subscription-based business model and the ongoing expansion of its customer base.
EBITDA
Earnings before interest, taxes, depreciation, and amortization (EBITDA) are expected to be between AU$2.6 million and AU$2.9 million, representing a decline of 24.3% to 32.1%. The decrease in EBITDA indicates increased operational costs or investments that may have impacted the company's profitability.