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Nearmap charts its way past COVID threat

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    6.8.2020

    Nearmap charts its way past COVID threat

    By Colin Kruger

    A stumble in the autonomous vehicle sector earlier this year has proven to be more of a challenge than COVID-19 for aerial mapping provider Nearmap.

    The company confirmed on Thursday that it is on track to deliver on the reduced guidance it gave in January despite the macroeconomic fallout from the pandemic. Shares in the firm dipped by 2.9 per cent to $2.32.

    Nearmap's aerial mapping captures Bondi Beach cleared by COVID restrictions.

    Nearmap's aerial mapping captures Bondi Beach cleared by COVID restrictions.

    “Over a five-month period we have looked very closely at the data, who’s consuming what, what kind of interaction do they have with our content, and what impact the virus had," Nearmap chief executive Rob Newman said.

    LINK

 
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