nearmap continues to grow sales and cashflows, page-9

I'm actually very disappointed with this 4C and don't understand why it's going up. The company had a huge Q4 of nearly 5m in sales and all the shows is that they collected all those funds. If There was a lot of growth and new business I'd expect receipts for the quarter to be around $7m at least

I also think that if the sales were increasing so dramatically they would spend a lot more time throwing around sales and revenue figures rather than a $2m increase in cash.

I also heard a rumour that a competitor is looming and on the cards. Anyone else heard this ?