Interesting that they have announced "possible churn". It does seem like an overly pessimistic view - given that no "possible churn" was released to the market in prior releases.
I just looked at the patents - if they are enforced, all geospatial firms including NEA may as well go into administration. Looks like TB is of the same view, that this is a very unrealistic scenario.
"the U.S. Patent Trial and Appeals Board instituted trials as to all challenged claims of three EagleView patents, because Nearmap has demonstrated a reasonable likelihood of success in proving that at least one challenged claim in each EagleView patent is unpatentable."
imo dyor
NEA Price at posting:
$2.05 Sentiment: Hold Disclosure: Held