FY24 Preliminary Financial Guidance Update

Aerometrex Limited (ASX: AMX) has provided an update on its preliminary unaudited financial guidance for the year ending June 30, 2024 (FY24). The company anticipates FY24 group revenue to be between AU$24.5 million and AU$25.0 million, a decline of 1.4% to 3.4% from the FY23 actual revenue of AU$25.36 million.

However, MetroMap subscription revenue is projected to rise by 16.8% to 21%, reaching between AU$8.4 million and AU$8.7 million. Similarly, MetroMap Annual Recurring Revenue (ARR) is expected to grow by 18.3% to 22.2%. EBITDA is anticipated to fall between AU$2.6 million and AU$2.9 million, down 24.3% to 32.1%, while cash is projected at AU$8.1 million to AU$8.4 million, down 14.5% to 17.6%. The full FY24 results are set to be released in late August 2024.

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