Want to see TSE:IMP full AI Analyst Report?
Top Page
Intermap Technology
(TSX:IMP)
Select Model
Select Model
Rating:45Neutral
Price Target:
C$1.00
▲(1.53% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily held down by weak financial performance—deeply negative TTM profitability and ongoing operating/free-cash-flow deficits—despite manageable leverage. Technicals add modest pressure given the stock remains far below longer-term moving averages and momentum is only neutral. Valuation is also constrained by a negative P/E and no dividend yield support. The latest earnings call provides some offset through strategic progress (PCI acquisition, commercial/data growth and defense wins), but near-term results remain highly sensitive to Indonesia award timing and integration execution.
Positive Factors
PCI Geomatics acquisition expands recurring-revenue capabilities
The planned PCI acquisition broadens Intermap’s technical platform and product scope. Its cloud-native capabilities and subscription potential could improve revenue mix, deepen customer integration and create more recurring cash generation after closing.
Negative Factors
Deep losses and negative cash flow weaken financial sustainability
Persistent operating and free-cash-flow deficits show that the current business is not self-funding. Continued losses may require financing or cash reserves, limiting flexibility to invest, absorb delays and complete integration without execution pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
PCI Geomatics acquisition expands recurring-revenue capabilities
The planned PCI acquisition broadens Intermap’s technical platform and product scope. Its cloud-native capabilities and subscription potential could improve revenue mix, deepen customer integration and create more recurring cash generation after closing.
Read all positive factors
Intermap Technology (IMP) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$76.73M
Dividend YieldN/A
Average Volume (3M)196.37K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue Growth-66.56%
EPS Growth-940.17%
CountryCA
Employees102
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.14
Shares Outstanding73,781,690
10 Day Avg. Volume183,204
30 Day Avg. Volume196,365
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)3.39
Price to Sales (P/S)7.88
P/FCF Ratio-16.36
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
EPS Forecast (FY)0.07
Revenue Forecast (FY)C$30.23M
Intermap Technology Business Overview & Revenue Model
Company Description
Intermap Technologies Corporation is a geospatial intelligence firm that delivers a wide array of solutions and analytical tools across the United States, Asia Pacific, and European markets. Their portfolio includes Data-as-a-Service (DaaS) offeri...
How the Company Makes Money
Intermap makes money primarily by monetizing geospatial data and derived analytics. Key revenue streams include: (1) Data licensing and sales: generating revenue from licensing or selling access to its 3D elevation datasets (e.g., digital elevatio...
Intermap Technology Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Neutral
The call presents a balanced mix of strategic progress and near-term financial weakness. Highlights include a transformative acquisition (PCI Geomatics) that expands capabilities and recurring revenue potential, strong growth in value-added data and AI-driven products, defense contract wins, and continued investment in platform capacity with a modest cash runway ($16.2M). Lowlights center on significant revenue declines (Q2 down ~33% and H1 down ~53%), a widened net loss and negative adjusted EBITDA, the absence of acquisition services revenue due to Indonesia procurement delays, and dependency on the timing/outcome of the Indonesian follow-on award and the PCI close—both material near-term variables. Given the meaningful strategic positives that could drive long-term upside but material short-term operational and timing risks that have depressed results, the overall tone is cautiously optimistic but uncertain.Positive Updates
Strategic Acquisition of PCI Geomatics
Definitive agreement to acquire PCI Geomatics for CAD 11 million in cash, expected to close by end of September (subject to shareholder approval). Transaction adds image processing, cloud-native microservices, APIs and edge processing capabilities; company expects material recurring subscription revenue and positive net cash flow from the combined business.
Negative Updates
Quarterly and Year-to-Date Revenue Decline
Total revenue for Q2 was $2.0M versus $3.0M in the prior-year quarter (down ~33.3%); revenue for the first six months was $3.4M versus $7.3M prior-year (down ~53.4%). The declines primarily reflect timing of follow-on Indonesia awards and absence of acquisition services revenue.
Read all updates
Q2-2026 Updates
Positive
Negative
Strategic Acquisition of PCI Geomatics
Definitive agreement to acquire PCI Geomatics for CAD 11 million in cash, expected to close by end of September (subject to shareholder approval). Transaction adds image processing, cloud-native microservices, APIs and edge processing capabilities; company expects material recurring subscription revenue and positive net cash flow from the combined business.
Read all positive updates
Company Guidance
Management reiterated guidance for double‑digit commercial revenue growth and said the company’s prior $30.0M target would likely be conservative if Indonesia awards this year and Intermap wins, but timing of that award is the principal near‑term variable and guidance will be updated after the PCI Geomatics close; PCI is expected to close by end‑September with CAD 11.0M cash at closing. For context, Q2 revenue was $2.0M and revenue for the first six months was $3.4M, with Software & Solutions at $1.3M (software prepaid up 35%), Value‑added Data $0.7M (vs $0.3M prior year), Acquisition Services $0 (vs $1.4M prior), net loss $2.1M ($0.03/share), adjusted EBITDA -$1.4M, cash $16.2M, working capital $12.6M, and contract liabilities $3.5M (≈88% relates to prepaid software/license revenue).Intermap Technology Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.62M | 10.57M | 17.64M | 6.20M | 6.79M | 5.80M |
| Gross Profit | -7.50M | -4.08M | 5.06M | -1.54M | 3.98M | 2.87M |
| EBITDA | -7.88M | -5.19M | 3.65M | -2.40M | -3.46M | -1.51M |
| Net Income | -9.77M | -6.71M | 2.46M | -3.70M | -5.28M | -3.36M |
Balance Sheet | ||||||
| Total Assets | 25.92M | 31.73M | 11.94M | 4.54M | 6.33M | 7.45M |
| Cash, Cash Equivalents and Short-Term Investments | 16.15M | 22.52M | 445.00K | 677.00K | 843.00K | 188.00K |
| Total Debt | 2.31M | 1.97M | 1.19M | 1.10M | 1.17M | 1.22M |
| Total Liabilities | 8.31M | 7.17M | 8.20M | 8.10M | 7.75M | 6.60M |
| Stockholders Equity | 17.61M | 24.56M | 3.74M | -3.56M | -1.42M | 852.00K |
Cash Flow | ||||||
| Free Cash Flow | -8.91M | -5.09M | -4.04M | -1.02M | -1.75M | -3.88M |
| Operating Cash Flow | -7.14M | -4.13M | -1.79M | -602.00K | -1.51M | -2.49M |
| Investing Cash Flow | -2.21M | -959.00K | -2.25M | -421.00K | -243.00K | -1.39M |
| Financing Cash Flow | 18.14M | 26.59M | 3.80M | 830.00K | 2.41M | 2.27M |
Intermap Technology Technical Analysis
Neutral
0.98
Price Trends
1.01
Positive
1.35
Negative
1.65
Negative
Market Momentum
>-0.01
Negative
52.71
Neutral
81.48
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 0.98 is below the 20-day moving average (MA) of 1.00, below the 50-day MA of 1.01, and below the 200-day MA of 1.65, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.71 is Neutral, neither overbought nor oversold. The STOCH value of 81.48 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$32.22M | 12.59 | 25.28% | ― | 8.75% | 5.82% | |
65 Neutral | C$296.38M | 20.78 | 18.44% | 1.10% | -3.23% | -27.76% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | C$134.84M | -13.82 | -60.80% | ― | 48.65% | 25.20% | |
47 Neutral | C$73.38M | -8.69 | -29.25% | 1.21% | -6.63% | -207.84% | |
45 Neutral | C$76.73M | -5.19 | -42.66% | ― | -66.56% | -940.17% |
* Technology Sector Average
TSE:IMP
Intermap Technology
1.03
-2.03
-66.34%
TSE:CMG
Computer Modelling
3.92
-2.46
-38.60%
TSE:CTZ
NamSys
1.19
-0.21
-15.18%
TSE:XTRA
Xtract One
0.51
-0.02
-3.77%
TSE:SYZ
Sylogist
3.10
-4.84
-60.98%
Intermap Technology Corporate Events
Business Operations and StrategyExecutive/Board Changes
Intermap Adds Former Senior U.S. Diplomat to Federal Services Advisory Board
Positive
Aug 18, 2026
Intermap Technologies has appointed former senior U.S. diplomat and Army Special Forces officer John T. McNamara to the Board of Advisors of Intermap Federal Services, the company’s U.S. federal-focused subsidiary. McNamara’s deep expe...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Intermap to Acquire PCI Geomatics as Indonesian Delays Hit Q2 Results
Neutral
Aug 13, 2026
Intermap Technologies reported second-quarter 2026 revenue of $2.0 million, down from $3.0 million a year earlier, as the absence of Acquisition Services revenue from delayed Indonesian follow-on contracts weighed on results. The company’s n...
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.