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Hi Gillys,

What aspects of this report did you find inconclusive?

Do you dispute there is not enough evidence to support that Nearmap will breakeven & turn a small profit ($1.01m or otherwise) in 2019?

Or do you dispute the stated average 113.98% year-on-year growth is not sustainable or realistic?

Another item that comes to my mind is of course their continuous expenditures, I guess although Nearmap has announced that they are now in the sales cycle and winding down their intensive investments, the size of this “winded down” expenditure and how this relates & grows with sales into the future is yet to be seen.

I understand Nearmap has seen a few false starts in the past and some investors have jumped on with very short term expectations & hopes that things will take off into the sky but then dashed with the company’s higher expenditures.

But the truth is, we all know Nearmap is making a profit and we all know these profits are being sacrificed into the US (hence the company losses in the past few years), but as their sales growth is higher than their expenditure growth surely you too can see a point of breakeven will be reached soon. And as time passes, we are only getting closer (& not further) to this breakeven point than ever before.