NEA
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0.24% $2.08 nearmap ltd

Ann: FY2018 Preliminary Results - Record Portfolio Growth, page-8

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  1. hilly_sandman
    541 Posts.
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    10/07/18
    09:20
    Post #: 34243455
    No they have a subscription service... so $12M in ACV (annual contract value) is equal to $1M in monthly payments....

    If they signed up a new customer 1st May for a 12M contract - they will only have seen $3M of the full 12M contract value revenue... Hence ACV is forward looking...

    Revenue should be $45M (2017 FY ACV value) + a percentage of the new $19.2M in new ACV... When the full yearly comes out it should reflect this minus some churn in subscription revenue.
    Last edited by hilly_sandman: 10/07/18
    NEA Price at posting: $1.12 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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