NEA 0.00% $2.10 nearmap ltd

More than I expected, these are not shabby results: FY14...

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    More than I expected, these are not shabby results:

    FY14 Financial Overview
    • Revenue up 62% to $17.8 million (FY13: $11 million)
    • Net profit after tax of $7.1 million (FY13: $1 million loss)
    • Adjusted EBITDA of $5.8 million (FY13: $0.2 million loss)
    • Adjusted EBITDA margin of 33% (FY13: -2%)
    • Cash up 74% to $23.3million (FY13: $13.4 million)
    • Unearned income of $13.4 million (positive lead indicator)
    • Strong balance sheet with no debt and tight cash controls

    FY14 Operational Overview
    • Successfully launched new products (Rail, Solar, Property)
    • Appointed Gerhard Beukes as Chief Financial Officer
    • Received new patents for aerial mapping system
    • Received $1.7 million R&D tax credit in 2H14
    • Executed license agreement with Google Maps
    • Integrated platform seamlessly with Google Earth
    • Commenced US test capture program
 
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