Record Revenue Growth
Intermap reported a revenue of $5 million in Q3 2024, representing a 241% increase year-over-year and a 39% sequential growth.
Significant EBITDA Improvement
The company achieved an EBITDA of $1.5 million with a 28% margin, marking a significant improvement from a loss in the previous year’s quarter.
Debt Elimination
Intermap eliminated its senior debt, improving its financial position and reducing concerns among customers.
Major Contract in Indonesia
Secured a $20 million contract to remap Indonesia, with successful execution and customer engagement reported.
Strong Insurance Market Penetration
Intermap has over 60 global insurance companies subscribing to its NEXTMap data, indicating strong market penetration.
Solid Financial Position
Net liquidity exceeds $3.6 million, and total assets increased to more than $8 million.