Business
Short-seller J Capital takes aim at Nearmap – Sydney Morning Herald
Beijing-based short seller J Capital has targeted another Australian tech stock, with the release of a report alleging aerial mapping provider Nearmap has been…
Beijing-based short seller J Capital has targeted another Australian tech stock, with the release of a report alleging aerial mapping provider Nearmap has been hiding a poor performance in its crucial US market.
The report said it believes Nearmaps revenue growth in the US is half of what it has officially reported.
Nearmap is apparently trying to hide its US failure with accounting tricks to full forward revenue. Without that seemingly aggressive revenue recognition, we believe revenue growth in…
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