Intermap Technology (TSE:IMP) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into TSE:IMP stock, check out TipRanks’ Stock Analysis page.