Perth-based aerial mapping group nearmap.com has announced its full year revenue for financial year 2011 had soared more than 2,000 per cent over the previous year's result.
nearmap, which is a subsidiary of listed technology and intellectual property group Ipernica, revealed today that revenue from its subscription and on-request services for FY2011 was more than $3.5 million.
At 11:45AM (WST) Ipernica shares had gained 20 per cent, to trade at 9 cents.
nearmap said it currently has around 70 government users of its Google Maps-like content, as well as a number of major clients in insurance, real estate, utilities and mining and exploration.
The total contract value of all subscriptions totals around $8.3 million, with a 69 per cent government, 31 per cent private sector mix, Nearmap said.
nearmap.com chief executive Simon Crowther said the company's goal was to monetise its content across new platforms, including mobile applications.
"We are actively developing new subscription models and products to support this strategy and to address the significant demand we are experiencing for our content from multiple sectors and from SME's through to the federal government," Mr Crowther said.
