Yes but also the continued expansion into Canada and the US brings extra short term costs but going by past experience these can also treated like a short term capital item (even though they are strictly not) . I do not ceased to be amazed how many misunderstand Nearmap's financials. This is a true growth stock with no debt , cash in the bank, excellent management and a great growth trajectory IMHO.
NEA Price at posting:
$2.68 Sentiment: Buy Disclosure: Held