NEA 0.00% $2.10 nearmap ltd

Ann: nearmap launches new FAA-approved aerial camera system, page-14

  1. 3,499 Posts.
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    I don't think the market has even remotely factored in the true importance of this price-sensitive announcement. Nearmap now has FAA approval for unrestricted aerial capture of the US and countries with bilateral aggreements, such as much of Europe. This means revenues from the US will start to trickle in well before the market expectation of FY16. The market was expecting FAA approval to take 2 years. I hope the annual report emphasises this point.
 
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