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Company News Summary

Nearmap Provides H1 FY2019 Preliminary Results

10 Jan 2019  |  09:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: H1 FY2019 Preliminary Results - Continued Strong Growth

Nearmap provided H1 FY2019 preliminary results. The Company announce that Annualised Contract Value (ACV), the Company's key growth metric, has continued to increase strongly in both markets in H1 FY 2019 (subject to audit review). The Group ACV portfolio has grown 42% year-on-year to $78.3m, with 107% growth in the US and 23% growth in Australia. Balance sheet strengthened. Deployment of $70m capital raise proceeds tracking to plan for the initiatives previously identified. First sales contribution in NZ from customers in a diverse range of industries.

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