Our pick for this month is a quite enterprising not so new company that has something unique to offer. They are more well know as “Nearmap” and their profit has jumped in the last reporting quarter.
The Company’s breakthrough
technology enables PhotoMaps to
be updated much more frequently
than other providers
Current stock price : ASX: NEA – 22 Jan 10:51am AEST @ 0.071
Stock Short code : NEA (Nearmap Ltd)
Operating cash flows have significantly improved from an outflow of
$2.81 million in 2Q12 to an inflow of $0.59 million in 2Q13. The result for
2Q13 included $0.17 million of litigation receipts regarding IP assertion
Nearmap’s balance sheet continued to remain strong with no debt and a
growing cash balance. During the quarter, the company’s cash balance
increased $0.55 million to $5.74 million as at the end of 2Q13.
History of nearmap
Ipernica to focus on NearMap business, with $23m in cash
Monday, February 02, 2009
ipernica is a diversified technology and intellectual property (“IP”) commercialisation group which is focused on the creation and exploitation of IP rights on a global basis. Ipernica is also focused on the success of recently acquired subsidiary, NearMap, an innovative new media company
Nearmap ltd is an innovative online PhotoMap content company that creates and serves high quality, current and changing PhotoMaps. nearmap ltd is an Australian based publicly listed company (ASX code ‘NEA’; US OTC: IPRNY).