$3.5m revenue + $13m cash but only $24 mkt cap, page-9

Well said.
What is management's goal with nearmap? To make a few bucks for about 3 years til a big guy rolls over them with a better coverge product? To 'reinvest' all the profits in the meantime on something else or in a vain hope of staying ahead of google, leaving nothing for shareholders?
How much bigger can the market be for big brother councils wanting to check who has out up a shed in the backyard without paying the proper fee? Not very.
And 2000% growth is a meaningless figure. The base was almost zero. The real figure is $3.5m revenue. And as said by another, no mention of profit, no mention of another 2000% next year! Now that would be something.

Their only hope is a takeover. The likely outcome is endless capital raisings followed by oblivion.

I expect this is my last post on this stock. Looking elsewhere.