Based on the statements below i can hardly wait to read the 2012 Report.
This is the year our investment turns around...?
Just preparing the faithful for the positive news.
19 Jan 2012
“nearmap has progressed strongly over the past twelve months and has
recorded strong growth as a result. Exceeding the $10 million sales
milestone within two years reflects the success of the new strategy. The
business is well positioned for sustainable revenue and profit growth, and
is expected to move into positive cash flows during 2012”, added Mr
Crowther.
15 May 2012 Presentation
Renewed strategic direction
• Transition from reliance on licensing/assertion to digital content platform
• nearmap.com now the growth engine
- growing subscription based revenue stream
- content monetisation; Government and commercial sector focus
Market positioning
• Opportunity to capture market given better transparency of business
• Differentiated from Google and others
• Potential international expansion
Expect nearmap to become cashflow positive in 2012
25 May Simon Crowther
“Having placed a greater focus on nearmap.com, we have strengthened its product proposition and clearly defined its business model. Pleasingly, the early stages of commercialisation have proven to be very encouraging with multiple revenue streams now being generated."
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