NEA valuation, page-205

I was looking for the side by side comparison last night, hasn't been in the recent presentations.

I wanted to look at adding Canada for my own tracking purposes.

It's worth noting that the Canadian market is larger than Aus and should be able to replicate the US ARPU which is significantly higher than Aus.

The uptake in the USA for ACV has been ahead of Australia, you would expect Canada is quicker than the USA significantly again, especially as they had US customers waiting with pre-commitments.

Not sure what currency they will report in for Canada? I expect initial sales are in US dollars, before they go to local sales, similar to how they approached NZ market entry.

A$1m ACV from Canada would be sensational by end of 2019.