September 8, 2020 5:59pmAerometrex is an aerial mapping company specialising in aerial imagery, photography, LiDAR, 3D modelling and aerial imagery subscription services. The company operates throughout Australia, and has delivered contract work to Europe, New Zealand and the United States.
The Aerometrex share price has fallen nearly 37% during year-to-date-trading as COVID-19 continues to weigh down the broader market. Pleasingly, however, the company advised it had seen minimal impact to its operations in light of the restrictions.
Aerometrex performed strongly in itsFY20 resultsreleased last month. The aerial mapping specialist reported growth in key sectors such as its LiDAR and 3D portfolio as well as its MetroMap subscription-based service.
With a market capitalisation of just $120 million, this ASX growth share can currently be bought for $1.27. Aerometrex’s closest competitorNearmap Ltd(ASX: NEA)is trading at $3.00 and has a market capitalisation of $1.36 billion. This means that Nearmap is more than 10 times bigger than Aerometrex. So, should Aerometrex deliver in the coming years, the potential rewards could be huge for shareholders.
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