Nearmap’s shares continue to rise as contract value hits record high
2 March 2018
The company's average revenue per subscription (ARPS) has increased to $6,600.
Nearmap Ltd’s (ASX:NEA) share price is up 59% year to date at $0.945, as annualised contract value grew 31% to $54.2 million for the six months ended 31 December 2017.
This is a record in the history of Nearmap's operations.
The company is a subscription-based provider of high-resolution aerial imagery of urban and regional areas...
*** With Nearmap’s intensive investment phase now complete, the company is well positioned to execute its vision to become the world's leading provider of subscription based location content...