I have been doing some calculations using past results to...

I have been doing some calculations using past results to predict total revenue for the period ending 30/06/2017.

Total projected revenue $46,770 assumption that Australian Income increases by 20% on pcp
(previous two periods 23%,21%) USA is same as ACV $3.1m


Total Projected $46,996 Doubled expenses for the period ended 31/12/2016(including income Expenses tax expense) and added 10%.


This means that NEARMAP will be either profitable or very close which to me indicates the upside of the current share price as the calculations were based on extremely conservative figures, eg lower growth in Australia than last two comparable periods and the USA figures were based on current contracts and do not include any new business