NEA 0.00% $2.10 nearmap ltd

This is a good question, and I'm going to have a guess as to the...

  1. 1,165 Posts.
    lightbulb Created with Sketch. 157
    This is a good question, and I'm going to have a guess as to the answer.

    I have been wondering why the release of their AI product was set at the start of June, rather than starting fresh in the new financial year here in Oz. While there would no doubt be tax-deductible items in relation to its start-up, could it also be that behind the scenes there were contracts being signed and therefore revenue to be recognised prior to 30 June? Purely speculation, however if this is the case, it could potentially lead the company to a profit situation as opposed to merely breaking even (as a couple of posts have alluded to above). I was about to post this earlier but got stuck in a meeting!
 
watchlist Created with Sketch. Add NEA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.