The flexibility in the cost base is obvious. A lot of NEA's cost base is related to expanding their business. If things get a bit tight just put the breaks on expansion. Remember most of their competitors (eg Eagleview) are carrying debt and will need to slow down more so the need for NEA to push ahead to get there first becomes less urgent. Or have I missed something?
Nearmap will need to raise again - soon, page-6
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