$3.5m revenue + $13m cash but only $24 mkt cap

Hmmm.... A 2000% increase in Nearmap revenue appears to confound views that Nearmap is some sort of albatross around the company's neck. To paraphrase Churchill: 'some albatross! Some neck!' Turns out the damn thing can fly!

Excellent customer retention rates (95%), strong word-of-mouth thanks to the high quality images taken during the recent disastrous Queensland, Victorian and NSW floods and the renewed government focus on the impact of climate change (a dirty phrase on this forum!) should see further exponential growth in the uptake of this world-beating technology. Nearmap provides the opportunity for hard data on the impact of climate change in real time - unlike competitors' out-of-date, lower res images.

Best news in ages! DYOR

Gupper