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