Below is a quote from the Annual report last year made by the MD...

Below is a quote from the Annual report last year made by the MD in his report
"My goal for nearmap is for us to achieve 30,000–50,000 subscribers in Australia paying on average $1,000 per seat."

I would say $30m of revenue would be a good result. Anything less would be a fail considering the statement above. The share price broke through the 40c mark around the beginning of October 2013 so not a very good position to be at 9 months later. I would have thought it should be trading at around 90c to $1 by now.

The reason might be the large staff turnover and the slow pace at which the international expansion is taking place. Last week they announced the new FAA approved camera system but the share price finished pretty flat. I also wouldn't be surprised if growth has slowed down as it is no longer a start up that has turned off the pay wall but a mid cap company that needs to perform to move the share price and attract shareholders.

Fair value is probably 30c given the current situation and revenue levels.
Quite disappointing SP considering the potential the product has.