Another strong half year from Nearmap. North America continues to grow strongly while we keep gaining market share in Australia and New Zealand.
Management is very excited about the development of their "world leading aerial camera system, HyperCamera3."
Highlights:
1H FY22 RESULTS ANNOUNCEMENT
Management is very excited about the development of their "world leading aerial camera system, HyperCamera3."
Highlights:
- ACV portfolio at 31 December 2021 of $147.7m, which on a constant currency (CC) basis equals $143.3m and represents 28% portfolio growth on the prior comparative period (pep) (31 December 2020: $112.2m)1
- Strong operating leverage and scale benefits, with key regional performance metrics and cash generation
- Balance Sheet strength with cash at 31 December 2021 of $110m (30 June 2021: $123m); $9m of cash consumed in support of leading Research & Development (R&D) initiatives3
- Statutory revenue of $67.Sm, an increase of 23% on the pep (1H21: $54.7m)
- ACV portfolio now expected to close FY22 at the upper end of the $150m-$160m guidance range (FY21: $128.2m)
1H FY22 RESULTS ANNOUNCEMENT
