NEA 0.24% $2.08 nearmap ltd

I think people should hold back their thoughts about Ross. Peter...

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  1. 1,214 Posts.
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    I think people should hold back their thoughts about Ross. Peter said that Rob supports the business and usually only says a few words. 

    Key points:

    -Cashflow scheduled for breakeven in FY19

    -Canada launching in FY19 with sales starting shortly on request by US customers.

    -No immediate intention to increase board size. We may need to if our situation changes

    -Global market is very fragmented especially in countries such as Canada/US

    -Aus metrics tracking in line with expectation

    -US growth continues strongly

    -Industry by industry to focus on more successful US leads

    -Spookfish has the technology that Nearmap had a year before… no obliques.

    -Eagleview too indebted to change their business model. Can’t capture regions fast enough which is problematic in areas such as Chicago

    -Focus on more customers first, look at upsell ops later on

    -Large interest from autonomous vehicles/drone delivery companies in Palo Alto.

 
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