Agree, there are some concerning glass door reviews, however, I suggest you read it with a grain of salt because anyone can easily sign up and post a review, therefore the legitimacy of the source can be questionable.
In terms of the Australian churn, I'd assume extremely low as there are currently no other competitors in the field. Please note as a new investor, there is a 'company' called spookfish (SFI) who have supposedly meant to be entering the market forever and a bit now. After numerous capital raising events and evaluation agreements they have yet to secure a single commercial contract. In my opinion and I assume that of many other shareholders , Nearmap absolutely has the market covered in Aus and that the threat of any supposed competitors has yet to materialise. For many long term holders, the focus solely lies on the U.S expansion and Nearmaps ability to make it over there.
Good luck!
NEA Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
