Intermap Technologies (TSE:IMP) Releases Quarterly Earnings Results

Intermap Technologies (TSE:IMP) released its quarterly earnings results on Wednesday. The company reported C($0.06) EPS for the quarter, FiscalAI reports. Intermap Technologies had a negative return on equity of 38.48% and a negative net margin of 63.50%.The business had revenue of C$1.97 million for the quarter.

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

• Recurring subscription and data revenue made up more than 80% of total revenue, showing continued momentum in Intermap’s commercial analytics and insurance business.
• Total Q1 revenue was CAD 1.4 million, down from CAD 4.3 million a year ago, mainly because of timing delays on large government programs, especially Indonesia.
• Management said the business was near breakeven on an underlying basis in the quarter, and the company ended with CAD 18.8 million in cash and CAD 16.3 million in positive working capital.
• The company said its government pipeline remains active and funded, with expected conversions from procurement and contracting over the next few quarters, including opportunities in Indonesia and U.S. federal GEOINT programs.
• Intermap reaffirmed its push for a U.S. uplisting, likely to Nasdaq, saying most accounting and legal work is in place, but dealer support and investor interest still need to align to complete the move.

Intermap Technologies Price Performance

Shares of TSE:IMP traded down C$0.07 during midday trading on Friday, reaching C$1.93. The company’s stock had a trading volume of 8,698 shares, compared to its average volume of 102,929. The business’s fifty day simple moving average is C$1.72 and its 200-day simple moving average is C$1.97. The company has a debt-to-equity ratio of 8.03, a current ratio of 5.05 and a quick ratio of 0.20. Intermap Technologies has a fifty-two week low of C$1.24 and a fifty-two week high of C$3.55. The company has a market capitalization of C$139.81 million, a P/E ratio of -17.55 and a beta of 0.33.

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.