NEA 0.24% $2.08 nearmap ltd

Good results overall, would be getting harder for the shorters...

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  1. 474 Posts.
    Good results overall, would be getting harder for the shorters to find negative points:

    FY17 Financial and Operational Overview

    United States
     Accelerating ACV growth as sales and marketing productivity improves
     ACV has more than tripled to USD$5.3M (30 June 2016: USD$1.5M)
     Subscriptions up 67% to 605 (30 June 2016: 363)
     Revenue of USD$3.2M (FY16: USD$0.7M)
     Gross margin approaching breakeven as revenue growth outpaces cost of revenue growth

    Australia
     ACV up 16% to $40.0M (30 June 2016: $34.4M)
     Subscriptions grew 6% to 7,227 (30 June 2016: 6,827)
     Revenue up 22% to $36.3M (FY16: $29.7M)
     Gross margins remain above 90% demonstrating the operational leverage of the business model
     EBIT of $20.9M (FY16: $16.5M)

    Group
     EBITDA of $6.0M (FY16: $0.6M) delivered within guidance provided at the time of the November 2016 capital raise  Cash balance of $28.3M (30 June 2016: $12.2M)
     Net operating cash flows of $3.7M (FY16: $1.3M)  Strong balance sheet following capital raise and shareholder purchase plan, with no debt
 
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Currently unlisted public company.

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