15 October 2019Why Nearmap shares raced higher today
The Nearmap Ltd (ASX: NEA) share price has climbed 3% to $2.60. This morning the aerial imagery technology and location data company released its annual report. Whilst there was no new information in the report, it reminded investors that the company has a massive market opportunity. Despite generating sizeable revenues already in North America, management estimates that it has market penetration of just 1%-2% in the region.
https://au.finance.yahoo.com/news/why-afterpay-nearmap-praemium-superloop-023700526.html
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Ann: Annual Report to shareholders, page-23
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