Lower MetroMap growth and a decline in photomapping project work contributed to a miss for Aerometrex's 1H results compared to Morgans expectations.

The analyst points out pricing strategies from competitors have resulted in lesser demand for the MetroMap subscription product. Flight mobilisation constraints also continued, including airspace limitations, which resulted in lower LiDAR sales.

No guidance was provided.

The target falls to $1.09 from $1.24. Add.

Sector: Commercial & Professional Services.

Target price is $1.09.Current Price is $0.43. Difference: $0.66 - (brackets indicate current price is over target). If AMX meets the Morgans target it will return approximately 61% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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