Morgan Stanley have commented on today's update -
"A key question for investors is the balance sheet and the rate of cash burn.NEA had A$49.6m at 31 December and no debt. Our understanding is thatthis is held primarily in A$, whilst all the cash burn is in US$. We expectthat NEA will seek to maintain a buffer of A$20-25m or two monthsexpenses. We don't fully understand the flexibility in the cost base."
GLTA
Nearmap will need to raise again - soon, page-4
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