Correct. Nearmap are accelerating their impact on the market to take advantage of the opportunities hanging. ROI in gaining a customer is great with cost of gaining equal to the first year of many years repeat from that customer.
Makers always lead, however this one has a great growth profile. Easily justifies a $1B+ valuation for the near term and higher into the future as the take leadership in a subscription business.
And then they can copy paste in new regions with their impressive margins.
NEA Price at posting:
$1.97 Sentiment: Buy Disclosure: Held