Good Lord man, this a forum to comment on company performance...

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InvestandSave

127 Posts.

15/11/21

16:45

Post #: 57589616

Originally posted by Roy2U: ↑
"is it unreasonable to expect a growth stock to grow? Nearly 3 years of nothing"

@Baz21, I can sympathise if you feel that way, but the truth is quite different:

3 years ago, Nearmap was essentially providing 2D content primarily in Australia. Within the last 3 years, it has achieved the following:

New mobile enabled MapBrowser

Online 3D Imagery through MapBrowser

Launch & continued expansion of Nearmap AI Products
Established Operations in Canada & New Zealand
Roof Geometry Technology

Upgraded HyperCamera3 System successfully trialled
Tailored Industry Vertical Solutions

Expands NA Coverage Footprint to 80% of Population

Of even more importance re your issue of growth, I hope my following analysis helps you to understand that your statement is false:

3 Year's Growth

FY18 FY21 % Change
Group Revenue A$M $53.6 $113.4 112%
Group ACV A$M $66.2 $128.2 94%
NA ACV US$M $12.9 $44.5 245%
Gross Profit A$M $33.1 $84.6 156%
ACV with access to Premium Content A$M $9.0 $85.0 844%
Share Price A$ $1.60 $1.81 13.1%

Maybe you were only talking about the share price which has only gone up 13% over 3 years. I am sure most would agree that the share price increase does not reflect what else has changed in that same 3 years.
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Good Lord man, this a forum to comment on company performance and resulting stock market movements. There is no room for facts here! (sic)

NEA Price at posting: $1.81 Sentiment: Buy Disclosure: Held

4 Upvote

0 Great analysis

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Good Lord man, this a forum to comment on company performance...

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New mobile enabled MapBrowser
Online 3D Imagery through MapBrowser
Launch & continued expansion of Nearmap AI Products
Established Operations in Canada & New Zealand
Roof Geometry Technology
Upgraded HyperCamera3 System successfully trialled
Tailored Industry Vertical Solutions
Expands NA Coverage Footprint to 80% of Population

3 Year's Growth
	FY18	FY21	% Change
Group Revenue A$M	$53.6	$113.4	112%
Group ACV A$M	$66.2	$128.2	94%
NA ACV US$M	$12.9	$44.5	245%
Gross Profit A$M	$33.1	$84.6	156%
ACV with access to Premium Content A$M	$9.0	$85.0	844%
Share Price A$	$1.60	$1.81	13.1%

Good Lord man, this a forum to comment on company performance...

Featured News

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Market Close: ASX closes flattish as traders shrug off new NASDAQ record

Gas critical to Australia's renewable future, say political and industry leaders.

Pacific Edge revenues up, cash costs down on reorganisation

The High Fiving ASX oil and gas stock star champions are...

Havilah drills molybdenum up to 0.21% and gold at 4.79 g/t at SA's Kalkaroo