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Nearmap Announces Unaudited Preliminary Results

13 Jul 2021  |  08:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 preliminary results, exceeds recently upgraded guidance

Nearmap announced unaudited preliminary results for the year ended 30 June 2021 (FY 2021). Record incremental Annual Contract Value (ACV) growth from the North American portfolio for consecutive half year periods is expected to see the Group ACV portfolio end FY 2021 at $133.8m on a constant currency (CC) basis, representing 26% growth. The Company announced that a prototype of HyperCamera3, the Company's next generation proprietary camera system, has been tested in flight, representing a significant technological breakthrough. Commercial roll-out remains on track for FY 2022. Group cash balance at 30 June 2021 of $123.4m (31 December 2020: $129.3m).

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