22% growth in AUS operations, that's stellar! I like most people mostly see (and value) the AUS operations as being low growth, relatively mature business... US magnificent.
17M in cash at EOFY, with overall growth of 41%, primed and ready to be cash flow positive this year.
143% growth in US suggests they are getting significant traction - which leans towards more organic less costly growth. Once the Nearmap name is out there and embedded in organisations and there much less hands on knock on the door type sales required...
After seeing these numbers it will be interesting to see where to next? We may be only 6M away from cash flow positive, which means we are only 12M away from having a fully funded next expansion geographically...
NEA Price at posting:
$1.12 Sentiment: Hold Disclosure: Held
