Cutting Edge Technology Company, page-9

These ASX shares have doubled in value in 2018

James Mickleboro | July 17, 2018



Is it too late to invest?

The Nearmap Ltd (ASX: NEA) share price is up a remarkable 136% year-to-date. A good portion of these gains have come in the last week following the release of the geospatial map technology company’s preliminary full-year results. That release revealed record portfolio growth for the 12 months ended June 30. Annualised contract value exceeded the company’s guidance and reached $66.2 million at the end of FY 2018. This was an increase of 41% on the prior year and was largely the result of stronger than expected growth in the massive U.S. market. I think Nearmap is well worth a closer look after this result.

https://www.fool.com.au/2018/07/17/these-asx-shares-have-doubled-in-value-in-2018/