This is a suprise and truly one of the great advantages of Nearmap. Once they prove that USA works following on from Australia, there is nothing stopping them from expanding footprint to other countries that provide opportunity.
Scalability is what NEA have and taking advantage of that is a huge plus for this company.
Long term view on NEA looks very promising as they slowly replace previous generation legacy businesses with a cheaper and better product.
With current margins this company is set to become a huge cash cow.
NEA Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held