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AER - AEERIS LTD


nipper
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Aeeris Limited (AER) is the developer, operator and provider of the Early Warning Network which uses the multi channel, Geographic Notification and Information System to provide Severe Weather and Natural Hazard alerting and forecasting services for Government Departments, Commercial Entities and Australian people, preventing injury, loss of life, property loss and disruption to business.

 

AER listed in 2015 at 20c and had a slippery few years, getting down to 4c in 2017 and 2018. But is is still going about its business, back up to 14c and with a market cap of all of $8 million. Commentary on Aeeris is along the lines that it has stable business operations with continuing profitability & FCF, the bit that is still missing is any growth . Any ability to buy into what is a predicable business has been thwarted by low volume and a wide spread, as a rule.

The latest Statutory Results point to growth that is coming, with :

 

• Cash inflows from customers in the last quarter $700,815

• Total cash received FY21 $2,921,613 (incl GST)

• Total reported revenue (P&L) $2,536,967 a 44% increase in total revenue in FY2021, compared to FY2020.

• A 78% increase in cash and cash equivalents $1,426,958 FY 2021 vs $799,857 FY 2020

• New contracts signed within the first two months of Q1 FY22 exceeding $200k in annuity revenue. Several more likely to be finalised in September (revenue beginning Q2 FY21).

• Embargo and new hail products scaling rapidly in FY2021 making up most of new revenue FY21

• New customers include one of Australia's largest bank and Australia's two largest insurers

• Expanded team to meet new opportunities. New hires include Data Scientists, Spatial Risk Analysers and Senior Developers.

 

 

As revenue drops through to FCF, it could be a winner. AER notes it has already picked up an extra $200k of annuity revenue since EOFY. R&D is an ongoing expense, especially if taking on more boffins.

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  • 1 month later...

Aeeris Limited (AER.ASX) is pleased to announce that it has received binding commitments from institutional and sophisticated investors to successfully raise $1.5million at 13c a share

 

The funds from the Placement will enable the Company to:

• Increase Research and Development capacity with the addition of a data scientist and developer, complete a transition to the cloud and create automation tools for the Company Climate Risk Platform

• Add to the Sales and Marketing team with the addition of Business Development Manager/s and the appointment of a Digital Marketing Agency

• Expand into New Data feeds including flood, spatial risk analyser and for a Climate Risk Platform upgrade

 

Proprietary Technology

Bushfires, storms and other natural disasters cost $18.2bn per year in Australia.

Proprietary Aeeris technology evaluates climate risks and provides localised warnings to save money and lives.

These capabilities are powered by the Company's Spatial Analysis Risk Platform (SARP)

 

Example : Aeeris warns major Automotive Insurance policy holders of impending hailstorms at their address. This is valued by customers and reduces claims.

Example : Aeeris warns largest telecom infrastructure provider of storm severity across the network in order to deploy repair teams optimally

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