$IMP.TO

Intermap Technologies Awarded Third U.S. Defense Contract in GPS-Denied Research

Intermap Technologies (IMP.TO) has been awarded a subcontract through a defense prime contractor for a U.S. Department of Defense program on developing alternative navigation technologies.The award, Intermap's third, builds on its previous work with the U.S. Air Force Research Laboratory. The program is advancing navigation capabilities for military, aerospace and autonomous systems that operate in environments where GPS signals are unavailable, or disrupted, the company said."Intermap's proprietary 3D geospatial data, terrain intelligence and advanced analytics provide unique capabilities for these next-generation systems," said Chief Executive Patrick Blott. "This award further validates our strategy of transforming proprietary geospatial data into mission-critical intelligence solutions supporting some of the world's most important defense and aerospace challenges."

Intermap Technologies' Q1 Revenue Falls 67% As Subscription, Data Business Tops 80% Of Sales

Intermap Technologies (IMP.TO) after trade on Wednesday reported a 67% year-over-year drop in its first-quarter revenue as it aims to expand its subscription and data business.Revenue for the quarter ended March 31 fell to US$1.4 million, down from US$4.3 million a year ago.The company said its recurring subscription and data revenue exceeded 80% of total revenue while quarter-end cash balance stood at approximately $18.8 millionIn its 2026 guidance, Intermap reaffirmed $30 million to $35 million in revenue and 28% EBITDA margin.For the first quarter, operating results were affected by the repurchase of dilutive securities, foreign currency and deferred revenue effects. Excluding these items, the company operated near break-even during the quarter.The company noted its pipeline of large government opportunities, including Indonesia and U.S. federal opportunities, is expected to convert into revenue as procurement and contracting processes advance."In the first quarter, we continued to scale our recurring subscription and data business while advancing our government pipeline," said chief executive Patrick Blott. "We continue to maintain readiness for large international deployments, while expanding a funded government pipeline and enterprise adoption of our AI-enabled, data-as-a-service analytics."The company's shares closed up C$0.12 to C$2.00 on the Toronto Stock Exchange.

Earnings Flash (IMP.TO) Intermap Reports Q1 Revenue US$1.4M; Affirms Guidance of $30-35M in Revenue with a 28% EBITDA margin