A bright future

For investors who are having doubts or are growing impatient, it is well worth watching this recent market update from the CEO again.
http://media.theage.com.au/business...lts-and-strategy-6321413.html?next_video=true

As we all know, their revenue targets are $30-50m in oz by dec 2015 and $30-50m in US by dec 2017. If they only reach the lower of those targets, investors who purchase shares at todays price of 53c will easily double their money within 2-3 years imo. Now consider the US economy is 14 times larger than Australia's. They are capturing the major US capitals on a frequent basis. $8m pa invested in growing the US business all from cash generated by the growing Australian business. No capital raisings and no dilution to shareholders. It is a remarkable effort when you think about it.

Now if you go into google maps or google earth and look at the aerial images they are currently using of the major US cities and towns you will notice that the majority are over 12 months out of date. Nearmap is capturing these cities every 2 months.

The commercial demand for up to date aerial images of major population centres is clearly evident by the growing subscriber numbers and revenue growth in Nearmap's Australian business. Commerce in the US is no different to Australia. The demand is there and we are at the doorstep of tapping into it.

Remember - the US economy is 14 times the size of Australia. I see a bright future indeed.

All IMO and DYOR.