nearmap Limited
(ASX:NEA) has affirmed its revenue guidance, noted strong US expansion and says its R&D program is already bearing fruit.
The visual analytics company expects to increase first half revenue by between 43 per cent and 47 per cent to between $11.3 million and $11.6 million.
nearmap says its US expansion is tracking ahead of expectations and the first paying customer is expected to be signed in the second half.
The company has advised its next generation research and development (R&D) program is already bearing fruit and it has applied for several US and Australian patents.
nearmap reported a net profit of $7.07 million in the 2014 financial year.
