Education
About Us
Working with TipRanks
Follow Us
Intermap Technology (TSE:IMP)
:IMP
RESEARCH TOOLSreports
Top Page
Intermap Technology
(TSX:IMP)
58Neutral
Intermap Technology (IMP) vs. S&P 500 (SPY)
Market Cap
C$96.96M
Dividend YieldN/A
Average Volume (3M)76.07K
Price to Earnings (P/E)22.6
Beta (1Y)1.47
Revenue Growth86.62%
EPS Growth94.45%
CountryCA
Employees72
SectorTechnology
Sector Strength40
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.07
Shares Outstanding59,120,464
10 Day Avg. Volume93,263
30 Day Avg. Volume76,067
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)5.78
Price to Cash Flow (P/CF)-7.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Intermap Technology Business Overview & Revenue Model
Company DescriptionIntermap Technologies (IMP) is a global leader in geospatial solutions, providing high-resolution elevation data, geospatial software, and analytics for a wide range of industries. The company specializes in creating digital elevation models and 3D terrain data, which are used in applications such as infrastructure planning, natural resource management, and disaster response. Intermap's innovative solutions empower businesses and governments to make informed decisions based on reliable geospatial intelligence.
How the Company Makes MoneyIntermap Technologies generates revenue through the sale of its geospatial data products and services. The company's primary revenue streams include the licensing of its proprietary elevation data and geospatial software solutions to businesses and government agencies. Additionally, Intermap offers custom geospatial analytics and consulting services tailored to the specific needs of its clients. Strategic partnerships with technology companies and government contracts also play a significant role in contributing to the company's earnings.
Intermap Technology Financial Statement Overview
Summary
Intermap Technology shows revenue growth, but profitability is a significant challenge. The company faces severe cash flow issues and high leverage, posing financial risks.Income Statement
Intermap Technology shows some revenue growth from the annual report to the TTM period, with revenue increasing from $6.2 million to $11.4 million. However, the company is struggling with profitability; both EBIT and EBITDA margins are low, and the net profit margin is negative. Continuous losses highlight challenges in achieving profitability.35
Negative
Balance Sheet
The balance sheet reveals significant weaknesses, with a very high liabilities-to-equity ratio and negative equity in previous years. Although equity has turned positive in the TTM period, high leverage remains a risk. The return on equity is negative, reflecting ongoing net losses.25
Negative
Cash Flow
The cash flow statement indicates negative operating cash flow and declining free cash flow. The company has been financing its operations through debt and equity, as seen in the positive financing cash flow. The cash flow to net income ratios are unfavorable, emphasizing liquidity challenges.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 11.41M | 6.20M | 6.79M | 5.80M | 4.72M | 10.05M | Gross Profit |
| 2.25M | -1.54M | 3.98M | 2.87M | 2.45M | 5.88M | EBIT |
| 257.00K | -3.35M | -5.21M | -4.11M | -4.30M | -2.63M | EBITDA |
| 1.06M | -2.40M | -3.46M | -2.34M | -2.83M | -1.05M | Net Income Common Stockholders |
| -130.00K | -3.70M | -5.28M | -3.36M | 26.53M | -4.81M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.80M | 677.00K | 843.00K | 188.00K | 1.78M | 1.23M | Total Assets |
| 114.67M | 4.54M | 6.33M | 7.45M | 7.64M | 8.11M | Total Debt |
| 2.60M | 1.10M | 1.17M | 1.22M | 1.44M | 32.83M | Net Debt |
| -8.20M | 422.00K | 325.00K | 1.03M | -334.00K | 31.60M | Total Liabilities |
| 9.13M | 8.10M | 7.75M | 6.60M | 6.16M | 37.19M | Stockholders Equity |
| 105.54M | -3.56M | -1.42M | 852.00K | 1.49M | -29.09M |
| Cash Flow | Free Cash Flow | ||||
| -2.91M | -1.02M | -1.75M | -3.88M | -2.54M | 546.00K | Operating Cash Flow |
| -1.14M | -602.00K | -1.51M | -2.49M | -2.05M | 1.88M | Investing Cash Flow |
| -1.77M | -421.00K | -243.00K | -1.39M | -338.00K | -1.33M | Financing Cash Flow |
| 2.81M | 830.00K | 2.41M | 2.27M | 2.91M | -602.00K |
Intermap Technology Technical Analysis
Negative
1.64
Price Trends
2.15
Negative
2.13
Negative
1.49
Positive
Market Momentum
-0.07
Negative
45.06
Neutral
60.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMP, the sentiment is Negative. The current price of 1.64 is below the 20-day moving average (MA) of 1.82, below the 50-day MA of 2.15, and above the 200-day MA of 1.49, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 45.06 is Neutral, neither overbought nor oversold. The STOCH value of 60.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IMP.
Intermap Technology Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$41.24M | 151.72 | 1.37% | ― | 7.57% | -95.03% | |
58 Neutral | C$96.96M | 22.61 | 1014.00% | ― | 86.62% | 94.45% | |
57 Neutral | $18.45B | 9.41 | -13.97% | 2.74% | 5.04% | -23.56% | |
28 Underperform | C$71.31M | ― | 2492.91% | ― | 19.47% | -9.09% | |
23 Underperform | C$417.57K | ― | 30.05% | ― | ― | 12.73% | |
23 Underperform | C$55.84M | ― | 248.46% | ― | ― | 32.71% |
* Technology Sector Average
Performance Comparison
TSE:IMP
Intermap Technology
1.49
0.71
91.03%
TSE:GSI
Gatekeeper Systems
0.44
-0.34
-43.59%
TSE:SVA
Sernova
0.18
-0.22
-55.00%
TSE:DYA
dynaCERT
0.16
0.02
14.29%
TSE:RAD
Radial Research Corp.
0.02
0.00
0.00%
Intermap Technology Earnings Call Summary
Earnings Call Date: Mar 27, 2025 | % Change Since: -19.21% | Next Earnings Date: May 20, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth and improved profitability, driven by successful contract executions and strategic partnerships. However, a decline in software revenue and dependency on specific projects present potential challenges. Overall, the positive aspects of the call outweigh the concerns.Highlights
Significant Revenue Growth
Intermap reported $17.6 million in total revenue for 2024, up 185% compared to 2023. The company also achieved a Q4 revenue of $7.4 million, a 500% increase from the previous year.
Improved Profitability
The company reported an adjusted EBITDA of $4.1 million for the full year, marking a 23% margin, compared to an adjusted EBITDA loss in 2023. Q4 EBITDA margin was 27%.
Successful Execution of Contracts
Intermap's execution on key contracts, including a $20 million project in Indonesia, was highlighted as a significant achievement. The company completed 60% of the first phase by year-end and is pursuing follow-on awards.
Strong International Revenue
Approximately 80% of consolidated revenue in 2024 was generated outside the United States, reflecting Intermap's strong international presence.
Increased Net Income
The company reported a net income of $2.5 million for 2024, a significant improvement from a $3.7 million net loss in 2023.
Strategic Partnerships and Contracts
Intermap expanded its Air Force and Pentagon contracts and partnered with a major dual-use space launch and satellite provider, reflecting its strategic growth in key sectors.
Lowlights
Decline in Software and Solutions Revenue
Full-year software and solutions revenue fell 7% year-over-year to $4 million, primarily due to the absence of $0.5 million in one-time setup fees that were included in 2023.
Currency Fluctuations and Risk Factors
The company is exposed to currency fluctuations worldwide, although it has partially hedged to mitigate exposure.
Dependency on Indonesian Project
The company's 2025 guidance and financial outlook depend significantly on the continuation and expansion of the Indonesian contract, which involves approved World Bank funding.
Company Guidance
During the call, Intermap Technologies provided detailed guidance for 2024 and beyond, focusing on revenue and adjusted EBITDA metrics. For 2024, they reported a total revenue of $17.6 million, a significant 185% increase from 2023, with an adjusted EBITDA of $4.1 million, reflecting a 23% margin. The CEO, Patrick Blott, highlighted their strong execution on contracts and their robust financial performance, with a net income of $2.5 million and $0.05 per share fully diluted, translating to a 14% net income margin. For 2025, they anticipate revenues between $30 million to $35 million and a 28% adjusted EBITDA margin. Intermap also mentioned their strategic focus on profitable growth with low capital requirements, supported by advanced AI/ML technologies and government contracts. The company emphasized its strong liquidity, with net liquidity exceeding $15 million, and its investments in technology and fixed assets totaling almost $12 million. They are also engaged with multiple defense programs, reflecting their dual-use technology's success.Intermap Technology Corporate Events
Business Operations and Strategy
Intermap Secures Key Role in $200M NGA Luno B Contract
Positive
Jan 21, 2025
Intermap Technologies, in collaboration with CACI, Inc. – Federal, has been selected by the National Geospatial-Intelligence Agency (NGA) as a vendor for the $200 million Luno B contract. This contract, with a five-year base period, aims to provide the national security community with commercial geospatial intelligence capabilities, leveraging GEOINT artificial intelligence to support warfighters, policy makers, and mission partners. The agreement positions Intermap as a significant player in supplying critical geospatial data and analytics to enhance decision-making across economic, environmental, and geopolitical domains.
Intermap Wins Defense Subcontract for 3D Mapping
Nov 19, 2024
Intermap Technologies has secured a subcontract with Endurance Group to provide a 3D mapping platform for the Department of Defense’s Irregular Warfare Technical Support Directorate. This initiative highlights Intermap’s expertise in delivering advanced geospatial services for military and law enforcement operations.
Intermap Technologies Reports Surging Revenue Growth
Nov 14, 2024
Intermap Technologies reported a remarkable 241% increase in third-quarter revenue to $5 million, driven by its accelerated data collection efforts for Indonesia’s mapping program. The company’s strategic focus on leveraging advanced AI and geospatial solutions positions it well for continued growth, especially in the Indonesian market.
Intermap Technologies Announces Q3 2024 Results Webinar
Nov 8, 2024
Intermap Technologies is set to release its third-quarter 2024 financial results on November 14, 2024, followed by a webinar featuring key executives discussing company updates and answering investor questions. The company, a leader in geospatial intelligence, invites stakeholders to join the webinar to gain insights into its financial performance and future prospects.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.