Asian Surveying & Mapping
Breaking News
European aerial surveying industry gathered at the 2022 EAASI Summit
More than 70 members of the aerial mapping industry...
China releases report on remote sensing monitoring for global ecology
BEIJING - China's Ministry of Science and Technology issued...
Singapore launches Environmental Services Industry Transformation Map, to create more than 1,600 PMET jobs by 2025
With a total of 23 Industry Transformation Maps to be...
China builds new dam in Tibet near Indian border
In a development that is a matter of concern...
Abu Dhabi’s Bayanat more than doubles 2022 net profit on revenue boost
Bayanat, a geospatial data products and services provider which listed...
Esri India Inks MoU with TEXMiN – IIT (ISM) Dhanbad
Esri India, the country’s leading Geographic Information System (GIS)...
China forms all-weather remote sensing monitoring system for all waters, islands: top aerospace authorities
China’s space technology was deeply applied in the country’s...
EU and Japan to improve Earth observation data through Copernicus
As part of a recent agreement, Japan will provide...
Indonesia deploys first student satellite through KiboCUBE programme
VIENNA - Indonesia has successfully deployed its first student...
Joshimath Crisis: ISRO Satellite Images, Reports Show How the Entire Town is at the Brink of Collapse
An eerie silence prevails over the small town of...

July 25th, 2013
Australia’s nearmap Gains Profits on Subscriptions

Underlying this growth has been new customer sales following the successful launch of nearmap’s subscription based content model towards the end of last year.

Commenting on the company’s cash flow performance over the June 2013 quarter, nearmap Chief Executive Officer Simon Crowther said, “While this result only reflects a three month period, it bodes well in terms of sustainable recurring revenues. We have seen new customer sales continue from the March quarter into the June quarter. At the same time, subscription renewals continue at good levels.”

“In terms of our current product range, we have been enhancing our product features and are about to launch new products that will leverage nearmap’s unique PhotoMapsTM content. These products will enhance nearmap’s appeal to a broader group of specific content users.

“At the same time, we have enhanced the site technology so that we can offer new subscription plans that we aim to launch over the next couple of months. These plans will cater for new users and broaden the appeal of nearmap.

“Having focused all of our attention on executing the business model in Australia and putting in place foundations for growth, we are now just starting to evaluate new market opportunities outside of Australia,” added Mr Crowther.

nearmap’s balance sheet further strengthened over 4Q13. The company continued to be debt free, and its cash balance at the end of the quarter stood at $13.39 million, up $3.16 million over the past three months.

The company expects to release its 2013 full year results on 29 August 2013.