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Intermap Technology (TSE:IMP)
TSX:IMP
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Intermap Technology (IMP) AI Stock Analysis

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TSE:IMP

Intermap Technology

(TSX:IMP)

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Neutral 47 (OpenAI - 4o)
Rating:47Neutral
Price Target:
C$2.50
▼(-7.41% Downside)
Intermap Technology's overall stock score reflects a challenging financial performance with declining revenue and profit margins, significant cash flow issues, and a concerning valuation with a negative P/E ratio. The technical analysis is neutral, offering no strong momentum signals. The earnings call highlights strategic progress and potential growth in commercial and insurance segments, but these are overshadowed by current financial challenges and a recent net loss.
Positive Factors
Strong Balance Sheet
A low debt-to-equity ratio indicates financial stability and low leverage, providing flexibility for strategic investments and growth.
Commercial Revenue Growth
Robust growth in commercial revenue suggests strong demand and market penetration, enhancing long-term revenue prospects.
Large Contract Opportunities
Securing large contracts indicates potential for significant future revenue, supporting sustained business growth and market presence.
Negative Factors
Revenue Decline
A substantial revenue decline highlights challenges in maintaining consistent income streams, potentially affecting long-term growth.
Negative Cash Flow
Negative cash flow indicates inefficiencies in operations, which can strain financial resources and limit future investment capabilities.
Declining Profit Margins
Shrinking profit margins suggest rising costs or pricing pressures, which can erode profitability and competitiveness over time.

Intermap Technology (IMP) vs. iShares MSCI Canada ETF (EWC)

Intermap Technology Business Overview & Revenue Model

Company DescriptionIntermap Technology (IMP) is a geospatial technology company specializing in providing high-resolution 3D mapping, data analytics, and geospatial solutions. Operating primarily in sectors such as defense, transportation, and environmental management, Intermap leverages its proprietary software and data acquisition technologies to deliver accurate topographic data and modeling services. Its core products include the NEXTMap® suite, which offers detailed elevation data and analytics for various applications, from urban planning to disaster management.
How the Company Makes MoneyIntermap generates revenue through multiple streams, primarily from the sale of geospatial data and analytics services. Key revenue sources include licensing its NEXTMap® elevation data to government agencies and private sector clients, providing custom geospatial solutions tailored to specific industry needs, and offering software-as-a-service (SaaS) products that utilize its geospatial data. Additionally, Intermap often engages in strategic partnerships with organizations in various sectors, enhancing its service offerings and expanding its market reach. These partnerships can lead to joint ventures or collaborative projects that further contribute to the company's earnings.

Intermap Technology Earnings Call Summary

Earnings Call Date:Nov 13, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 26, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant strategic progress and financial improvements, including the removal of the going concern qualification and securing substantial equity capital. The commercial and insurance segments are showing growth potential, and large contract opportunities are on the horizon. However, the company faced a revenue decline and reported a net loss due to the timing of government programs and a U.S. government shutdown, resulting in a mixed financial performance.
Q3-2025 Updates
Positive Updates
Strategic Progress and Financial Milestones
Intermap Technologies removed the going concern qualification from its financial statements, reflecting improved financial stability. They secured over $35 million in equity capital and demonstrated over $100 million in credit support. The company also completed a $21 million equity financing in September, increasing shareholder equity to over $27 million.
Commercial Revenue Growth
Commercial revenue grew 37% year-over-year, with the commercial segment tracking around $7 million annually.
Insurance Segment Expansion
The insurance segment showed promising growth, driven by the adoption of Elevation as a Service and analytics subscriptions. The risk assistant is being used by several hundred daily users, making over 5 million 3D data calls per month.
Large Contract Opportunities
Intermap announced two contracts on IDIQ vehicles with a combined ceiling of over $500 million, demonstrating significant potential for future revenue.
Global Expansion and Operational Efficiency
The company expanded its operations globally, with active pursuits on every continent and continued investment in technology and talent.
Negative Updates
Revenue Decline
Revenue for the quarter was $1.7 million, a significant decrease from $5 million in the same quarter last year, primarily due to the timing of government programs in Indonesia and a U.S. government shutdown.
Negative Adjusted EBITDA
Adjusted EBITDA was negative $1 million for the quarter compared to positive $1.6 million last year, reflecting the timing of project execution.
Net Loss
The net loss for the quarter was $1.5 million compared to net income of $1.1 million in the prior year.
Company Guidance
During the third quarter of 2025, Intermap Technologies provided guidance highlighting a strong financial and operational outlook. The company maintained its revenue guidance of $30 to $35 million, with an anticipated adjusted EBITDA margin of 28%, despite facing challenges such as government program timing and a U.S. government shutdown. Intermap reported a quarterly revenue of $1.7 million, down from $5 million the previous year, primarily due to timing issues in Indonesia and the U.S. government sectors. Commercial revenue, however, showed robust growth, increasing by 37% year-over-year and tracking around $7 million annually. The company's financial health improved significantly, with $23.3 million in working capital and over $27 million in shareholder equity, following a $21 million equity financing. Intermap also highlighted its strong positioning in the insurance sector, boasting several hundred daily users and over 5 million 3D data calls per month. The company emphasized its focus on executing large contracts and leveraging proprietary AI and GEOINT capabilities, with significant opportunities in government contracts and commercial SaaS markets across Southeast Asia, the United States, and Europe.

Intermap Technology Financial Statement Overview

Summary
Intermap Technology's financial performance is mixed. The income statement shows declining revenue and profit margins, indicating challenges in maintaining growth. The balance sheet is relatively strong with low leverage and a solid equity base, but historical fluctuations in equity and debt levels could be concerning. The cash flow statement highlights significant cash flow issues, with negative operating and free cash flows. Overall, while there are strengths in the balance sheet, the company needs to address its cash flow challenges and improve profitability to enhance its financial health.
Income Statement
45
Neutral
Intermap Technology's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 2.63%, and the gross profit margin has decreased to 18.74% from 28.71% in the previous year. Net profit margin also dropped significantly to 3.36% from 13.96%. However, the company has managed to maintain a positive EBIT margin of 3.91% and an EBITDA margin of 10.37%, indicating some operational efficiency. The declining revenue and profit margins suggest challenges in maintaining growth and profitability.
Balance Sheet
55
Neutral
The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.115, indicating low leverage. The return on equity (ROE) is 11.89%, which is a positive sign of profitability relative to shareholder equity. The equity ratio stands at 56.84%, suggesting a strong equity base compared to total assets. Despite these strengths, the company has experienced fluctuations in equity and debt levels over the years, which could pose potential risks.
Cash Flow
30
Negative
Cash flow analysis reveals significant challenges. The free cash flow growth rate is negative at -54.41%, and the operating cash flow is negative, indicating cash flow issues. The operating cash flow to net income ratio is -0.29, highlighting inefficiencies in converting income to cash. However, the free cash flow to net income ratio is 1.85, suggesting that despite negative cash flows, the company is generating cash relative to its net income. Overall, the cash flow situation requires improvement to ensure financial stability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue19.69M17.64M6.20M6.79M5.80M4.72M
Gross Profit3.69M5.06M-1.54M3.98M2.87M2.45M
EBITDA2.04M3.65M-2.40M-3.46M-1.51M-2.83M
Net Income662.00K2.46M-3.70M-5.28M-3.36M26.53M
Balance Sheet
Total Assets13.84M11.94M4.54M6.33M7.45M7.64M
Cash, Cash Equivalents and Short-Term Investments7.79M445.00K677.00K843.00K188.00K1.78M
Total Debt906.00K1.19M1.10M1.17M1.22M1.44M
Total Liabilities5.97M8.20M8.10M7.75M6.60M6.16M
Stockholders Equity7.87M3.74M-3.56M-1.42M852.00K1.49M
Cash Flow
Free Cash Flow-2.85M-4.04M-1.02M-1.75M-3.88M-2.54M
Operating Cash Flow-1.54M-1.79M-602.00K-1.51M-2.49M-2.05M
Investing Cash Flow-1.31M-2.25M-421.00K-243.00K-1.39M-338.00K
Financing Cash Flow9.75M3.80M830.00K2.41M2.27M2.91M

Intermap Technology Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price2.70
Price Trends
50DMA
2.79
Negative
100DMA
2.91
Negative
200DMA
2.51
Positive
Market Momentum
MACD
-0.07
Negative
RSI
55.36
Neutral
STOCH
91.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMP, the sentiment is Neutral. The current price of 2.7 is above the 20-day moving average (MA) of 2.50, below the 50-day MA of 2.79, and above the 200-day MA of 2.51, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 55.36 is Neutral, neither overbought nor oversold. The STOCH value of 91.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:IMP.

Intermap Technology Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
C$136.83M-49.83-8.89%0.74%-4.89%-143.94%
67
Neutral
C$58.18M39.303.37%1.46%-65.49%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
54
Neutral
C$170.28M-13.21-96.34%-15.31%2.93%
49
Neutral
C$61.56M-2.36-147.54%-34.80%-28.42%
47
Neutral
C$181.55M111.35-14.10%48.18%-401.19%
41
Neutral
C$3.89M-0.11-47.00%-22.30%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:IMP
Intermap Technology
2.77
1.07
62.94%
TSE:VXTR
Voxtur Analytics
0.01
-0.06
-85.71%
TSE:ABXX
Abaxx Technologies Inc
4.08
0.00
0.00%
TSE:XTRA
Xtract One
0.66
0.00
0.00%
TSE:QIS
Quorum Information Technologies
0.79
-0.15
-15.96%
TSE:SYZ
Sylogist
5.32
-4.70
-46.91%

Intermap Technology Corporate Events

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Intermap Technologies Reports Strong Q3 Growth and Strategic Advancements
Positive
Nov 13, 2025

Intermap Technologies reported a 37% growth in commercial revenue for the third quarter of 2025, driven by the adoption of its AI-enabled Risk Assistant platform. The company strengthened its balance sheet with a $21 million equity financing, positioning itself for large multiyear contracts. Despite a decline in quarterly revenue due to timing effects in Indonesia and a U.S. government shutdown, Intermap expanded its infrastructure and continued to advance major government programs. The company is actively participating in significant projects, including Indonesia’s $200 million Integrated Land Administration and Spatial Planning Project and NOAA’s Coastal Geospatial Services Contract.

The most recent analyst rating on (TSE:IMP) stock is a Sell with a C$2.50 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Financial Disclosures
Intermap Technologies to Release Q3 2025 Financial Results
Neutral
Nov 10, 2025

Intermap Technologies announced it will release its third quarter 2025 financial results on November 13, 2025, followed by a live webinar hosted by CEO Patrick A. Blott and CFO Jennifer Bakken. The announcement invites stakeholders to engage in discussions about the company’s financial performance, potentially impacting investor relations and market positioning.

The most recent analyst rating on (TSE:IMP) stock is a Sell with a C$2.50 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Intermap Technologies Completes Significant Public Offering to Bolster Financial Position
Oct 16, 2025

On September 29, 2025, Intermap Technologies completed a ‘bought deal’ public offering, raising $28,752,300 through the sale of 9,584,100 Class A common shares. This capital infusion is intended for working capital and general corporate purposes, potentially strengthening the company’s financial position and operational capabilities in the geospatial industry.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Intermap Technologies Announces $20.1 Million Bought Deal Offering
Oct 1, 2025

On September 22, 2025, Intermap Technologies announced a $20.1 million bought deal offering, involving the sale of 6,700,000 Class A common shares at $3.00 each. The offering, led by Stifel Canada, is expected to close around September 29, 2025, with proceeds aimed at supporting working capital and general corporate purposes. This move is anticipated to bolster Intermap’s financial position, enabling further advancements in its geospatial intelligence solutions.

The most recent analyst rating on (TSE:IMP) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Private Placements and Financing
Intermap Technologies Raises $28.75M in Oversubscribed Public Offering
Positive
Sep 29, 2025

Intermap Technologies has successfully closed a ‘bought deal’ public offering, raising $28,752,300 through the sale of 9,584,100 Class A common shares. The offering was oversubscribed, reflecting strong demand from growth-oriented institutions, and aims to strengthen the company’s balance sheet for enhanced integration of its GEOINT data products in customer operations. The proceeds will be used for working capital and general corporate purposes, subject to final approval by the Toronto Stock Exchange.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Private Placements and FinancingRegulatory Filings and Compliance
Intermap Technologies Announces Public Offering to Raise $25 Million
Neutral
Sep 25, 2025

Intermap Technologies has filed a prospectus supplement for a public offering of 8,334,000 Class A common shares, aiming to raise $25,002,000. The offering, underwritten by a syndicate led by Stifel Nicolaus Canada Inc., is set to close on September 29, 2025, and the proceeds will be used for working capital and general corporate purposes.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Private Placements and Financing
Intermap Technologies Upsizes Bought Deal Financing to $25 Million
Positive
Sep 23, 2025

Intermap Technologies has announced an increase in its bought deal financing to $25 million due to strong demand. The company plans to use the net proceeds for working capital and general corporate purposes, with the offering expected to close by September 29, 2025, subject to necessary approvals. This move is likely to strengthen Intermap’s financial position and support its operational capabilities, potentially enhancing its market presence and stakeholder value.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Private Placements and Financing
Intermap Technologies Announces $20.1 Million Bought Deal Offering
Neutral
Sep 22, 2025

Intermap Technologies Corporation has announced a $20.1 million bought deal offering, facilitated by a syndicate of underwriters led by Stifel Canada. The proceeds from this offering will be used for working capital and general corporate purposes, potentially impacting the company’s operational capabilities and market positioning.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Private Placements and FinancingRegulatory Filings and Compliance
Intermap Technologies Files Prospectus for Potential $100 Million Securities Offering
Neutral
Sep 16, 2025

Intermap Technologies has filed a final short-form base shelf prospectus with Canadian securities commissions and a corresponding registration statement with the U.S. SEC, allowing the company to issue or sell up to $100 million in various securities over the next 25 months. This strategic move aims to facilitate potential financings for expanding offerings and pursuing new contracts, although there is no obligation to sell any securities.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Private Placements and FinancingRegulatory Filings and Compliance
Intermap Technologies Files Prospectus for Potential $100 Million Securities Issuance
Neutral
Sep 16, 2025

Intermap Technologies Corporation has filed a final short-form base shelf prospectus with Canadian securities commissions and a corresponding registration statement with the U.S. SEC, enabling the company to potentially issue up to $100 million in securities over the next 25 months. This strategic move aims to facilitate future financings to expand and develop Intermap’s offerings and pursue new strategic contracts, although there is no obligation to offer or sell any securities.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Intermap Technologies’ Earnings Call: Opportunities and Challenges
Sep 1, 2025

Intermap Technologies’ recent earnings call presented a balanced sentiment, highlighting both promising developments and notable challenges. While the company is making strides in expanding its operations in Indonesia and advancing its commercial products, it faces hurdles such as a decline in revenue and currency volatility.

Intermap Technologies Files $100 Million Shelf Prospectus
Aug 27, 2025

On August 26, 2025, Intermap Technologies Corporation announced the filing of a preliminary short form base shelf prospectus, allowing the company to offer and sell up to $100 million in securities over a 25-month period. This strategic move aims to provide Intermap with financial flexibility to meet its financing requirements and adapt to market conditions, potentially affecting its market position and offering new opportunities for stakeholders.

The most recent analyst rating on (TSE:IMP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Intermap Technologies Reports Financial Results for June 2025
Aug 22, 2025

Intermap Technologies released its unaudited financial results for the three and six months ended June 30, 2025, showing a decrease in revenue compared to the previous year, with $3.018 million for the quarter and $7.280 million for the half-year. Despite the revenue drop, the company improved its cash position significantly, increasing from $445,000 at the end of 2024 to $7.79 million as of June 30, 2025, indicating a stronger financial footing and potential for future investments or operations.

The most recent analyst rating on (TSE:IMP) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Intermap Technologies Sees Cash Flow Growth Amid Revenue Decline
Neutral
Aug 14, 2025

Intermap Technologies reported a decline in second-quarter revenue due to timing effects from Indonesia and a commercial contract, but saw a 22% increase in operating cash flow for the first half of 2025. The company is expanding its pipeline of global government business and growing its commercial insurance sector with AI-driven solutions. Despite challenges, including U.S. Department of Defense budget adjustments, Intermap remains on track to meet its projected 2025 revenue of $30–35 million and a 28% EBITDA margin.

The most recent analyst rating on (TSE:IMP) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Intermap Technology stock, see the TSE:IMP Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Nov 26, 2025