NEA 0.00% $2.10 nearmap ltd

On the nose, page-23

  1. 853 Posts.
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    I understand what you're saying, although the two regions are not comparable in regard to Capture Costs.

    Over 66% of Australians live in the greater metropolitan area of Australia's 8 capital cities with Sydney being the largest (around 4.9 million). There are only 19 cities in Australia with a population > 100,000 (https://en.wikipedia.org/wiki/List_of_cities_in_Australia_by_population)

    America (not including Canada) on the other hand has over 355 cities with populations of over 100,000 people. Therefore, I would image that NEA would be required to fly more frequently over USA's cities than what would occur in Australia. Therefore the Capture Costs is greater.

    Considering Australia has only 5% of the cities > 100,000 (compared to NA, not including Canada) with ongoing annual capture costs of $4.5M and NA has $18.8m for capture cost (and will only go down with HyperCamera update) I think the gross margin looks pretty damn good in comparison.

    Capturing costs, and gross margin (I would suggest) in NA are actually cheaper (per nautical mile flown) than ANZ. IMO




    Last edited by grjohnson: 16/11/21
 
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