nearmap is pleased to announce that the results for FY2015 are expected to show another year of strong growth.
For FY2015, revenues for the Australian business are expected to be around $23m. This represents growth of over 29% compared to the $17.8m reported for FY2014.
nearmap’s customer base continues to grow strongly. The Company’s compelling value proposition of “Current. Clear. Change.” is gaining ongoing market traction and the recent investment in marketing is beginning to deliver impressive returns.
Subsequent to year end, nearmap received a cash refund of $1.8m for eligible research and development activities under the Government’s R&D Tax Incentive Scheme administered by AusIndustry. The tax refund relates to the costs of research and development conducted by the Company during the 2014 financial year and was calculated as 45% of eligible expenditure.
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