Yes, I too agree with your assessment, but if they do meet (or even exceed) their stated goals, expect the share price to rocket upwards again.
The fact that we are at these price levels imply the market have confidence in NEA achieving these stated goals.
Besides, as long term holders will tell you, even if we do get a few roadmap bumps here & there, I’m sure most long term Nearmap investors will tell you they’ve already mastered the art of “patience” with this company. And with the light of profitability in sight at the end of the tunnel, right now, nobody wants to get off the Nearmap bullet train.