Ann: Nearmap expands to New Zealand, page-15

Would be interesting to know the financials of all this.

NEA announced that they were flying over NZ 18 months ago due to demand from AUS clients. Obviously, they were able to charge more for this. I wonder if the additional revenue was enough to cover all the capture costs and return a profit. If so, opening up to NZ customers is money in the bank as.

Also there is no mention of setting up a base in NZ, so it would be fair to assume that it will be run out of Aus which to me means that there will be little additional staff to provide the support the NZ market requires.