Nearmap shares are on a tear

St Kilda, Victoria. Image: Nearmap

Shares in Nearmap surged after the aerial image and topographical survey company announced unaudited revenue numbers for the full 2018 year.

At the close, they were up 21% to $1.35.

The company says its annualised contract value is expected to be above guidance at $66.2 million, up 41%.

“We are encouraged by these results and the progress we are making in building our subscription bases both in the US and Australia,” says CEO Rob Newman.

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