NEA 0.00% $2.10 nearmap ltd

Ann: Half Yearly Report and Accounts, page-55

  1. 1,089 Posts.
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    The following quote from today's Q & A session alleviates a lot of my concern over the litigation issue:

    "To be very clear, the litigation against Nearmap is not against the roof geometry content type which we provide to our partners, who then produce the roofing reports for the insurance and roofing industry."

    I now expect minimal impact on Nearmap regardless on how the case is settled, particularly taking into account the current scale of incremental growth, which was $32.2M for ACV over the last 12 months. This will only get larger as NA continues to grow rapidly.

    Note that the two main partners are the largest roofing manufacturer in NA and a leading global property information solutions provider.
    Last edited by Roy2U: 16/02/22
 
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