Australia's Aerometrex surges on annual recurring revenue growth for its product

Aerometrex

25/10/2022 01:32

** Shares of Australia's Aerometrex  AMX.AX  rise as much as
4.5% to A$0.41, their highest since Oct. 13
    ** Co provides market update on MetroMap, its
Data-as-a-Service aerial imagery subscription offering
 urn:newsml:reuters.com:*:nASX5QPh6N
    ** Says Metromap's annual recurring revenue grew to A$6.956
million ($4.40 million) at Sept 30; a 41% jump year-on-year
    ** Stock posts its biggest intraday pct gain since Oct. 11
    ** Stock has fallen 43.1% this year, as of last close
($1 = 1.5800 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))