19 December 2014 – SYDNEY - nearmap ltd
(ASX:NEA), Australia’s leading provider of frequently-updated, high-resolution imagery, is pleased to provide an end of calendar year update.
Australia
The Australian operation is providing steady revenue growth and has maintained a strong cash position. Commenting on the Australian operation, Managing Director Simon Crowther said: “I am pleased with the level of new, first time customers joining nearmap. We are expecting to have our full Australian marketing team in place by 31 December and remain on track to meet our revenue run rate target of $30M-$50M by December 2015. Revenue for H1 FY15 is forecast to be between $11.3M and $11.6M, representing a 43-47% increase on H1 FY14.”
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