Australia's Aerometrex jumps to over one-week high on cost cuts

Aerometrex

23/07/2025 01:32

** Shares of Aerometrex AMX.AX rise as much as 9.5% to A$0.230, their highest level since July 14

** The geospatial tech co completes strategic review, cuts A$2 million in costs

** Adds A$1.2 million ($786,360.00) in annual contract value in second half of 2025, implements organizational restructure

** YTD, shares down 23.3%

($1 = 1.5260 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))