The ASX’s best small-cap stock is up 14% today – but it’s not too late to buy!

Nearmap Limited (ASX: NEA), a provider of ultra-high resolution aerial photographs, has today soared 14.1% higher to trade at 48.5c a share.

The climb follows news that the company has commenced test flights of its aerial camera system in the United States, aiming to receive approval from the Federal Aviation Administration (FAA). Not only would this allow Nearmap to operate the system in the US, but also in any other country that has bilateral aviation agreements with the US as well.

The company’s product has shown enormous promise in the Australian market. Its aerial photographs are designed to save customers both time and costs. For instance, imagine a construction company wanting to show a client progress that has been made on a building site. Instead of having to take them to the site, which would cost them time, resources and fuel, the builder could instead simply show the client the ultra-clear updates on a screen.

While its mapping services are arguably even better than those provided by Google Inc (NASDAQ: GOOGL), customer numbers are growing rapidly and should continue to do so for years to come.

Commenting on the announcement, the company’s Managing Director Simon Crowther said: “This is a key step on the path to international certification for our aerial camera system, and a precursor to international operations.”

Foolish takeaway

Many investors may be deterred by the company’s recent run up in share price (indeed, its stock has risen 700% since the beginning of 2013), but there is still plenty of value to be realised by buying today. The company can boast of having no debt and $17.5 million in cash, as well as having become profitable in the most recent half-year which ended 31 December 2013. Buying this small-cap superstar today could well reap incredible returns over the long-run.

The top ASX pick you've never heard of...

Top Motley Fool analysts just identified their #1 ASX pick for 2014, a small-cap stock that could be poised for big gains (and offers a fat, fully franked dividend!). Discover all the details now, including the name and code, in this FREE investment report, "The Motley Fool's Top Stock for 2014."

Motley Fool contributor Ryan Newman owns shares in Google Inc.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.