When Nearmap started they did not have the subscription based business model they have know, and for a good while it was free to view. Don't know the in's & outs of it but have been in this stock since QPSX days. To worry about being ahead or below the curve in the USA compaired to Australia is not that important to me. So long as they are hooking new clients & there is growth When I see negative growth then I will start to worry. The retention rate is up there with tabaco. With 3D mapping technology adding more valuable assetts to Nearmaps growth potential the future looks good. I'm happy to watch and wait to see nearmap grow. Not many companies have a growth chart like Nearmaps.
NEA Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held