NEA 0.00% $2.10 nearmap ltd

Ann: Appendix 4E and FY20 Annual Financial Report, page-32

  1. 57 Posts.
    lightbulb Created with Sketch. 10
    Okay - I just spotted page 7 reference "Cash management initiatives implemented in April 2020 included permanent and temporary reductions to employment costs designed to bring the business to a cash flow breakeven position by the end of FY20."
    Acknowledges NEA will bleed cash for several months yet. And I notice that management pays itself nicely and that the company has a swanky office at Barangaroo. Hardly signs of a strong commitment to expense control.
 
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Currently unlisted public company.

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