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$2.08 nearmap ltd

NEA chart, page-695

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drbrooks

4,593 Posts.

294

03/11/17

23:22

Post #: 28492662
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Originally posted by sk22 ↑

Wow interesting I was actually thinking of you when I had replied to "keener" only to have you respond.

Where is the link to facts to show there is negative 20% growth for the year? Either way if I look at the facts I can see the following:

For the year ended 30 June 2017, Nearmap reported total revenue of $41.1M, up 31% on corresponding prior year revenue of $31.3M, underpinned by continued customer retention and growth in the customer base.

Nearmap’s balance sheet remains strong with no debt and a strong cash balance of $28.3M at year end.

During the year ended 30 June 2017, Nearmap invested in sales and marketing in the US business, expanded Australian capture, and the HyperCamera2 system. Cash receipts from customers for the year were $48.0M compared to $37.3M for the previous year, an increase of $10.7M (29%)

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Regarding the negative growth, I think that he was referring to the fact that the SP has fallen from the high of 90c or so (about a year ago when Cliff R sold a little bundle - nice timing!)

Be that as it may, it all hinges on the USA sales. Cant wait for the next update! I'm hoping it will be really good. Hope that my optimism isn't misplaced.

NEA Price at posting: 62.5¢ Sentiment: Buy Disclosure: Held
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