Nearmap (ASX: NEA) Results Forecast Free Cash Flow Breakeven In FY 2024
The FY 2022 Nearmap results showed revenue up 29% but a net loss increased by 64%. Of course, it also has a takeover offer.
Nearmap (ASX:NEA)
Nearmap (ASX: NEA) is an ASX listed aerial mapping company that makes subscription and usage based revenue by charging clients to use their aerial maps and associated software tools. This service allows governments, insurers, planners, builders and solar panel installers to do their jobs more efficiently.
Nearmap (ASX: NEA) became listed on the ASX in 2008 when it was acquired by listed company ipernica ltd (ASX : IPR). It monetised its images more aggressively from 2013 – 2014 onwards, and expanded aggressively in North America under Nearmap CEO Rob Newman, from 2015.
Why Nearmap (ASX:NEA) Could Offer A Good Trade
A confluence of factors make Nearmap well worth watching.
Nearmap Share Price Pops On ASX:NEA Half Year Results H1 FY2021
The Nearmap share price is up on what was, at a glance, a good report. But is the market underestimating North American competition?