NEA valuation, page-65

14.4.2019



Nearmap Ltd (ASX:NEA)

Geospatial map technology provider, Nearmap Limited has achieved as high as 97.39% year-to-date return and the positive price change of 66.39% over the past three months. NEA last traded at $3.230, up 6.95%, on 12 April 2019.

On the back of continuing improvement in US sales, Nearmap annualised contract value rose 42% to $78.3 million in 1H FY2019, compared to the previous corresponding period. Its global customer numbers increased to over 9,300 with group average revenue per subscription increasing to $8,410 during the half-year.

The result demonstrates the favourable impact of the company’s expansion in product, technology and content with continued record US growth and a strengthening market leadership position in Australia.

Nearmap has planned to launch new innovative products in the second half including 3D content visualisation through MapBrowser.It further aims to scale for a global opportunity and become the world’s leading provider of subscription-based location intelligence.

All of it