Intermap Technology (TSE:IMP) has released an update.
Intermap Technologies reported a 25% growth in software and solutions revenue for 2023, despite a dip in overall revenue from $6.8 million to $6.2 million due to delayed government contracts and pandemic-related issues in Southeast Asia. The company has started 2024 with major government contract wins, including a significant project in Indonesia, and projects bookings of $20-25 million, revenue of $16-18 million, and a 25% adjusted EBITDA margin for the year. Noteworthy achievements include expansion in commercial markets, partnerships in natural hazard data, and government projects such as NASA moon landing simulations.
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