- The market for aerial imagery is large and growing due to decreasing costs and an increasing number of use cases.
- Nearmap is one of the leading aerial imagery companies and is expanding revenue through an increasing geographic footprint and higher value add services like analytics.
- While Nearmap is dominant in Australia and New Zealand, it is still trying to gain market share in North America and faces tough competition.
- Nearmap's margins have been pressured in recent periods as they invest in growth but are likely to rebound in coming years, providing a catalyst for a repricing of the stock.
For further details see:
Nearmap: Growth And Profitability Concerns Weigh On The Stock