Nearmap webinar

See the webinar below that Nearmap ran leading into Christmas.



Interestingly the webinar indicated that coverage of NZ would continue/increase in 2018, including capturing Auckland, Wellington and Christchurch, which must be about 80%+ of the NZ population. Suggests they see the economic value in this for ANZ customers. Should be relatively affordable from an expansion viewpoint, given they would only need to head over there for about a week of capture before coming back.

They received over 200 questions, so a fairly engaged audience.

Also said they will be running their Lunch & Learn sessions in Feb next year, hopefully they are rolling these out to the USA as well, as I think they were Aus only last time.

While the price action has been quiet, I still think the market is underestimating NEA progress given they are now only reporting half yearly. I hope that NEA come out with an update early to mid-Jan, prior to the half year results in Feb, even if it is only to confirm that the new products are live.

See charts below, given US revenue growth and launch of new products (now a multi-product company!), I still think we finish 2018 over $1, given we seem to be basing around a level of support here on the charts.