From the MF
August 20, 2019
Nearmap Ltd (ASX: NEA)Nearmap has had an explosive 2019, with the company’s share price doubling this year. The bullish price action has been on the back of phenomenal growth, new product launches and success in the US. In FY19 Nearmap reported a record annualised contract value (ACV) of $90.2 million, a 36% increase from the previous year. Following the company’s strong performance in the US, analysts are optimistic on the outlook for Nearmap as the company looks to further expand globally.
Market consensus estimates that Nearmap should deliver NPAT of $4.4 million for FY19.
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