I have and see no reference to a @Massive loss".
The key quote IMHO is
"The company expects to spend around $25 million in 2023, excluding litigation costs, and is targeting cashflow breakeven by 2024."
The company raised that pile of cash and appears to be spending it wisely in expanding its market share and growing the comany as it promised at the time.
Ann: Nearmap receives indicative proposal, provides FY22 update, page-143
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