Nearmap – NEA 1H15 financial overview
Australia
• Revenue up 44% to $11.4 million (1H14: $9.7 million)
• Gross profit of $10.1 million (1H14: 6.7 million)
• Gross margins of 89% (1H14: 85%) • EBIT of $7.2 million (1H14: $6.7 million)
• Adjusted EBITDA of $7.5 million (1H14: $5.6 million)
United States
• Cash spend of $4.4 million to date, expected to be $8 million total for FY15. This investment has been fully funded by internal cash resources.
• Adjusted EBITDA loss of $0.9 million (1H14: nil)
Group
• EPS of 0.09 cents (1H14: 0.24 cents)
• Net operating cashflows of $1.3 million (1H14: 4.1 million)
• Strong balance sheet with no debt
• Cash balance of $21.8 million (30 June 2014: 23.3 million)
• Adjusted EBITDA of $4.3 million (1H14: $2.5 million)
