galumay
learner
- Joined
- 17 September 2011
- Posts
- 3,447
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- 2,294
I suspect the only winners here will be the shorters.
If you can cheat and by pass them, can't other people? Also I would be surprised if Government dept's, don't have access to very accurate imagery.I thought the product they sell is fairly unique?
Orthorectified spatial imagery.
The only main competetor I can think of is AAM Hatch, (may have had a name change?)
When Nearmap was free, I remember it was pretty good for time lapse imagery also.
If they weren't so expensive, I would use them myself... currently I cheat and use a screen shot from six maps (NSW) or Google, but that overlay is discarded and not given to clients.
Just helps me to do my thing, sometimes.
F.Rock
What Nearmap provides is more accurate and on a much larger scale.If you can cheat and by pass them, can't other people? Also I would be surprised if Government dept's, don't have access to very accurate imagery.
[NEA has] ...taken to excluding customer losses from its operating performance metric showing ... ugh, customer losses.
That mightn't make much sense because it doesn't. Nearmap told investors that normalised FY20 group churn expressed as a percentage of total subscribers cancelling subscriptions was only 5.5 per cent. That's 5.5 per cent before you include "a small number of large enterprise customers" who cancelled subscriptions over the financial year. When you include them all, churn jumps to 9.6 per cent.
https://www.afr.com/rear-window/nearmap-excludes-churn-from-its-churn-metric-20200820-p55npsApparently investors should exclude certain subscription cancellations from Nearmap's churn metric as they were 'one-offs' including one customer subject to a court injunction in the US. For junior software-as-a-service businesses, churn is a closely watched metric by professional analysts as it provides insights into the strength of a product offering and how much ability a company may have to lift prices without losing customers.
Churn also impacts analysts' calculations over the lifetime value of a subscription portfolio and future profitability
Anyone who was sucked in by that pile of crap that Nearmap put out today deserves to lose their shirts off their backs. I doubt anyone buying this stonk has even the most basic idea of how to read financial statements.
I suspect the only winners here will be the shorters.
Yup.
A cessna with a box brownie does not make a viable business .
The Tasmanian Government has their own imaging system - and therein lies the problem for me with NEA, I just don't see any competitive advantage nor any way they will be able to successfully monetise via subscriptions.
Its mainly for that reason they fell off my watch list.
Looks like one i misjudged, I still dont understand how there is a market for their product and why anyone would subscribe - and following my rule of not buying companies that I dont understand means I have missed out on this one!
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