The Aerial Survey market, has changed drastically in the last 20 years. Aerometrex and 'inferior product' are seldom in the same sentence of geospatial circles.
Challenges their industry endured.
State and Federal survey functions diluted, dissolved, or privatised.
Transition from analogue to digital.
Free data! Google, Bing, Apple, Here e.t.c.
Entrance of ASX deep pocket players. NEA & Spookfish / Eagleview.
Shift from project revenue to subscription based revenues.
2D to 3D datasets.
Aerometrex appears to evolved through those existential challenges and come out with reputation intact. I can name half a dozen Australasian aerial survey businesses that've faltered in the past 5 years with either, garbage product, all the gear and no idea, or vaporised from the region under pressure.
Aerometrex is cash positive today: own their fleet of survey aircraft using modern capture systems.
It's worth watching what they do following IPO injection. Those who snagged some allocation are very fortunate.
