From the MF

Why these small caps have surged in 2018

Tim Katavic | April 5, 2018

Nearmap Ltd (ASX:NEA)
The share price of aerial mapping company Nearmap has risen 53% to 91.5 cents in 2018 with a current market capitalization of $357 million. The company’s fortunes have been boosted in 2018 from rising revenues and an increase in annualised contract value (ACV) for its aerial imagery. The company posted a 27% increase in revenues to $24.7 million after a 10% rise in the company’s subscriber base and a 20% jump in average revenue per subscription to $6,600. Nearmap’s ACV rose an impressive 31% over the prior period to a record $54.2 million.
The free cash flow of Nearmap’s operations in Australia continue to partially fund its expansion into the United States which is losing money as it attempts to achieve scale in the early stages of its rollout. Cash burn for the overall group during the December period was approximately $8 million with $20 million in cash left at the end of December.


https://www.fool.com.au/2018/04/05/why-these-small-caps-have-surged-in-2018/