Intermap Technologies (TSE:IMP) Issues Quarterly Earnings Results

Intermap Technologies (TSE:IMP) released its quarterly earnings data on Thursday. The company reported C($0.04) EPS for the quarter, FiscalAI reports. Intermap Technologies had a negative return on equity of 42.65% and a negative net margin of 110.18%.The business had revenue of C$2.76 million during the quarter.

Here are the key takeaways from Intermap Technologies’ conference call:

• Revenue declined to CAD 2.0 million in Q2 from CAD 3.0 million year over year, while the net loss widened to CAD 2.1 million and adjusted EBITDA fell to negative CAD 1.4 million, largely because Indonesia-related acquisition services revenue was absent.
• Commercial trends remained strong, with value-added data revenue more than doubling year over year and software prepaid contracts growing 35%; management continues to expect double-digit commercial growth.
• The Indonesia mapping procurement remains delayed but active, with Intermap maintaining personnel, aircraft, radar systems, and processing capacity. Management expects an award this year and says the CAD 30 million guidance could prove conservative if it wins, but acknowledged that timing and outcome remain uncertain.
• Intermap agreed to acquire PCI Geomatics for CAD 11 million in cash, with closing expected by the end of September. Management expects the combination to add recurring subscription revenue and positive net cash flow while creating a more vertically integrated geospatial platform.
• The company announced a third fast-track strategic technology research contract through a defense prime contractor for U.S. Department of Defense work on positioning, navigation, and timing in GPS-denied environments, supporting its expansion into defense, aerospace, and autonomous systems.

Intermap Technologies Trading Down 2.0%

Intermap Technologies stock opened at C$0.96 on Friday. Intermap Technologies has a 1 year low of C$0.89 and a 1 year high of C$3.52. The firm’s 50-day moving average is C$1.00 and its 200-day moving average is C$1.42. The company has a debt-to-equity ratio of 8.96, a quick ratio of 0.20 and a current ratio of 3.90. The company has a market cap of C$70.83 million, a P/E ratio of -7.38 and a beta of 0.13.

About Intermap Technologies

Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows.