Supporting my statement above on this thread on why AMX is doing better than NEA.
Results are in now for Nearmap:
- 96M Revenue for FY20 (25% up)
- NPAT 36M (146% down)
- Cash 36M from 75M last year ( That's a lot of cash burn!)
AMX gave guidance:
- 20M Revenue from 16M (25% up)
- NPAT if it's 4M that's (25% down) if 5M then flat.
- 20M cash
How on earth one can give me a valid argument that Nearmap is a better financial investment? Both companies have similar revenue growth, one being smaller but better financially stable with less expected cash burn, current cash level matches their total revenue.
That would be the same as Nearmap has 96M cash. Do your own research, I hold both of them but long term I think AMX will surprise the industry.
Ann: Trading Update & FY20 Guidance, page-16
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