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Nearmap halves losses, announces US expansion

Jessica Sier

Nearmap nearly halved its annual losses over the past year as revenue surged in North America, and reduced its cash consumption in its fastest-growing market to the lowest in five years.

Nearmap CEO Dr Rob Newman. Trevor Collens

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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

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    Original URL: https://www.afr.com/technology/nearmap-halves-losses-unveils-us-expansion-20210818-p58jqu