Directors’ Report
Your Directors submit their report, together with the consolidated financial statements of the Group (referred to hereafter as “nearmap”) consisting of nearmap ltd and the entities it controlled at the end of, or during the half year ended 31 December 2015.
Review and results of operations
For the six months to 31 December 2015, nearmap reported revenue of $13,800K, up 21% on corresponding prior half year revenue of $11,384K. Total subscription revenue increased by 23%, up to $13,800K from $11,233K.
Renewal rates remained high with active subscription customers across local, state and federal government and commercial sectors.
For further information please download PDF attached:
