Spookfish (ASX: SFI)

Spookfish (ASX: SFI) Develops geospatial imagery products and services

2015

FOUNDED

MICRO

SIZE

SOFTWARE

Industry

Product / Service

  • Spookfish is involved in the development and commercialisation of premium geospatial imagery products and services

  • Spookfish offers an integrated suite of technologies including:

    • Capture - high resolution image capture of vast areas

    • Process - automated image processing

    • Archive - cloud storage of imagery

    • Deliver - access to imagery via desktop, tablet or mobile, or integrated with geographic information systems (GIS) or computer-aided design (CAD) software tools

  • Uses of Spookfish’s technology include:

    • Orthophotos - aerial photographs that have been corrected so that the scale of the photograph is consistent and can be used like a map. Orthophotos allow users to compare images over time and measure distances accurately without the need to be on site

    • Digital Elevation Models - allows users to detect and quantify elevation changes

    • 3D Models

    • Near Infrared Imagery - ability to assess the health of crops, vegetation and forests, as well as changes in size of water bodies

  • Spookfish flies it’s planes at high altitude to capture large areas including cities and states

  • Spookfish needs to fly regularly and repeatedly over large areas to create a historical database of imagery. This allows users to compare images over time

  • Spookfish has entered into a relationship with EagleView, a US-based provider of aerial imagery, data analytics and GIS solutions

  • Under the agreement, EagleView has exclusive rights to operate the Spookfish Capture Platform in North America. Spookfish retains the rights to operate the platform in Australia

  • Spookfish uses NEXTDC to host IT infrastructure and public cloud connectivity services

History

  • Spookfish listed on the ASX in February 2015

Operations

  • The company is headquartered in Perth

  • The company’s operations are in Australia and North America

Profitability Table

Year Revenue ($m) % change EBT ($m) % change
CY 2015 1.4 - -8.0 L
CY 2016 2.5 82.8 -8.1 L

Fun Facts

  • Jason Marinko’s (Executive Chairman) total remuneration for CY 2016 was $247k

  • The name “Spookfish” comes from the Spookfish, a fish that lives in deep oceans and has been described as having the most unique and successful optical system across the entire animal kingdom

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