18 October 2016 – SYDNEY - Nearmap Ltd (ASX:NEA), is pleased to provide a quarterly update on Q1 FY17 trading.
Dr Rob Newman, CEO, commented on the result, “Q1 FY17 sales are encouraging, particularly from our US operations. In FY16, we focused on building the foundations for success. This quarterly result gives us growing confidence in both the size of the opportunity and our ability to compete.”
Group revenue has increased 39% on pcp*, to $9.2M** in Q1 FY17, compared to $6.6M in Q1 FY16. Cash holdings remain strong at $10.9M at 30 September 2016.
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