- Nearmap (NEA) has ended FY20 with $96.7 million in revenue — a 25 per cent increase compared to FY19
- Despite the strong revenue, the company still posted a net loss of over $36 million for the same period
- Nearmap ended FY20 with $36 million in cash, compared to nearly $76 million in FY19
- As a result of the net loss, no dividends have or will be paid to shareholders for the end of FY20
- Looking ahead, Nearmap’s CEO and CFO said they would focus on their customers and expanding growth
- The company’s shares are down nine per cent following today’s report, trading for $2.44 per share
Nearmap: Increases revenue by 25pc over FY20
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