Just watching interview with Nearmap CEO Andy Watt and James Bales (Morgan Stanley analyst covering for them) on MS Small Cap TV (sorry no link as it's login only). Some interesting take-aways:
Andy noted the 3D offering enabled much better penetration and uptake in the US as was a catalyst for many customers due to their product expectations including the oblique views.
Andy commented in response to a question regarding sales efficiency that it is currently equivalent in both AU and US markets and that Nearmap will temper their investment to ensure sales efficiency is a constant across both markets.
He mentioned that they have 10 million ACV [in the US] now against a billion dollar market size which means the potential is huge to grow deeper and broader into that market.
Also, he noted 25% of portfolio is signing up to 2/3 year deals as they want to use Nearmap in their workflows and understand the value.
GLTAH
NEA Price at posting:
$1.47 Sentiment: Hold Disclosure: Held