US Insight, page-12

First 12 Last

Share
Profile

Follow
fitsch

2,696 Posts.

10

03/07/17

20:23

Post #: 25640358
Share

Originally posted by crystalblue ↑

Thank You leasx for giving us these great insights into the US contracts.

I've also noticed that out of the City of Euless, Clark County, Mercer County, & Kane County.

Pictometry Currently has a contract of $118,134 in the Kane County only.

Since Nearmap is also starting on a $10,000 contract in the Kane County, I'm guessing they are checking to see if they can eventually reduce their Pictometry expense by possibly swtiching to Nearmap entirely.

Now if I make another assumption on the fact that Kane County will eventually replace Pictometry and saving their existing expense by 50%, this means Kane County will eventually ramp up their Nearmap expense to around $60,000 per year.

If I make another bold assumption and assume just 60% of all counties (or county equivalents like districts & cities) also spend around $60k with Nearmap.

The maths on the above assumption is 3142 * 60% * $60k = $113,112,000.

At an exchange rate of 75c USD to $1 AUD, this means just the County businesses alone will contribute over $150 million AUD per year to the US revenue!!!

And I have not even begun including Nearmap having any Enterprise business revenue in the US yet!!!

Expand

Thats why I like SFI, the USA is going to make them a lot of money,so who will win the race NEA or sfi

NEA Price at posting: 61.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

OJC

Ricciardo speeds to 83% antimony recovery for Warriedar

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 110 more messages in this thread...

First 12 Last

Add NEA (ASX) to my watchlist

US Insight, page-12

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Ricciardo speeds to 83% antimony recovery for Warriedar

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects