Intermap Technologies Corp
OTC:ITMSF
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Intermap Technologies Corp
OTC:ITMSF
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Intermap Technologies Corp
Intermap Technologies Corp. makes digital maps and location intelligence products based on its own elevation and terrain data. The company collects and processes geospatial information, then sells it as software, data sets, and analytical services that help customers understand land shape, slope, elevation, flood risk, and other location-based conditions. Its main customers are government agencies, defense and security users, insurers, telecom companies, and other businesses that need detailed geographic information for planning, risk analysis, and infrastructure work. Intermap usually makes money by licensing its data and software, providing subscriptions or access to its mapping platforms, and doing custom geospatial work for specific projects. What sets the business apart is that it sits between raw mapping data and end-use decisions. Intermap is not just a map publisher; it builds specialized terrain intelligence that customers plug into their own systems to make decisions about land, assets, and hazards. That gives it a niche role in the geospatial value chain, where the value comes from turning hard-to-collect terrain data into usable information.
Intermap Technologies Corp. makes digital maps and location intelligence products based on its own elevation and terrain data. The company collects and processes geospatial information, then sells it as software, data sets, and analytical services that help customers understand land shape, slope, elevation, flood risk, and other location-based conditions.
Its main customers are government agencies, defense and security users, insurers, telecom companies, and other businesses that need detailed geographic information for planning, risk analysis, and infrastructure work. Intermap usually makes money by licensing its data and software, providing subscriptions or access to its mapping platforms, and doing custom geospatial work for specific projects.
What sets the business apart is that it sits between raw mapping data and end-use decisions. Intermap is not just a map publisher; it builds specialized terrain intelligence that customers plug into their own systems to make decisions about land, assets, and hazards. That gives it a niche role in the geospatial value chain, where the value comes from turning hard-to-collect terrain data into usable information.
Revenue: Second-quarter revenue was $2 million, down from $3 million a year ago, mainly because Indonesia follow-on awards were delayed and acquisition services revenue fell to zero.
Commercial growth: Management said the commercial business is performing better than expected, with double-digit growth guidance and strong demand for newer AI-driven products.
PCI deal: Intermap signed a definitive agreement to buy PCI Geomatics for CAD 11 million in cash, calling it a strategic step that should expand software, processing and geospatial capabilities.
Indonesia timing: The biggest near-term variable remains Indonesia, where management still expects an award this year but said timing is outside the company's control.
Profitability: Net loss widened to $2.1 million and adjusted EBITDA was negative $1.4 million, reflecting lower acquisition services revenue and continued investment.
Balance sheet: The company ended the quarter with $16.2 million in cash and said the PCI acquisition is underwritten without relying on near-term Indonesia cash receipts.