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Intermap Technologies Corp - ITMSF STOCK NEWS

Welcome to our dedicated page for Intermap Technologies news (Ticker: ITMSF), a resource for investors and traders seeking the latest updates and insights on Intermap Technologies stock.

Overview of Intermap Technologies Corp

Intermap Technologies Corp is a global innovator in 3D geospatial products, 3D mapping, and geospatial intelligence solutions. The company leverages cutting-edge sensor technologies and advanced processing platforms to deliver high-resolution digital elevation models and comprehensive geospatial data products. Its diverse portfolio includes government contracts, software subscriptions, and acquisition services that support infrastructure planning and operational analytics across multiple sectors.

Core Business Areas

The company primarily focuses on several interrelated business segments:

  • Geospatial Mapping and Surveying: Utilizing proprietary technologies, including IFSAR and FOPEN sensors combined with patented convergence models, Intermap produces highly detailed 3D elevation models and orthorectified imagery. These products are crucial for national-scale mapping projects and large infrastructure planning initiatives.
  • Software and Data Analytics: Its recurring software subscription services, such as telecom network planning tools, offer advanced analytics to optimize infrastructure placement and radio frequency planning. These solutions enable cost-effective network development and risk management through precise signal propagation analysis.
  • Government and Defense Services: Intermap plays a critical role in supporting government initiatives and defense programs. The company’s geospatial data supports strategic national projects, such as mapping large territories and aiding in augmented reality systems for military and law enforcement applications.
  • Acquisition and Processing Services: By integrating multi-sensor data from various acquisition platforms, the company delivers robust data sets and analytics to drive comprehensive decision-making and operational efficiencies in both commercial and public sectors.

Market Position and Competitive Landscape

Intermap stands out in the geospatial industry by addressing the demand for precise, high-resolution mapping data and advanced analytical tools. With a strong foothold in government contracts and renewed partnerships in commercial sectors such as telecommunications and insurance, the company demonstrates a clear competitive edge. Its ability to deliver large-scale, multiyear mapping projects and recurring software solutions differentiates it from competitors who lack the same level of integrated technological infrastructure and global reach.

Technological Capabilities

The company is renowned for its sophisticated sensor technology and data processing capabilities. By investing significantly in upgrading its airborne and sensor platforms, Intermap ensures that its 3D mapping outputs meet stringent geospatial specifications demanded by large infrastructure and governmental projects. The incorporation of AI and machine learning in its data processing architecture further enhances the precision and scalability of its intelligence solutions, making its geospatial products uniquely reliable for both tactical and strategic applications.

Business Model and Revenue Streams

Intermap’s business model is characterized by a balanced mix of project-based revenue and steady recurring revenue from software and data subscriptions. Its multi-year government contracts provide a stable revenue foundation, while its subscription services offer scalability and predictable cash flows. This dual approach enhances the company’s ability to invest in technology advancements and secure its market position. The company’s engagement in diverse geospatial applications—from national infrastructure projects and defense mapping to telecom analytics—illustrates its comprehensive approach to meeting varied market needs.

Strategic Impact and Industry Relevance

Intermap Technologies Corp is central to building national digital infrastructures and advancing geospatial intelligence. Its work in creating detailed 3D mapping foundations supports economic growth and commercial expansion worldwide. The company’s expertise in handling complex geospatial projects, supported by strong operational processes and robust technology platforms, solidifies its reputation as a trusted provider in markets where precise location data and insightful analytics are paramount.

Conclusion

By combining advanced sensor technologies, high-resolution geospatial mapping, and innovative analytical tools, Intermap Technologies Corp has established itself as an essential player in the geospatial intelligence market. Its strategic approach to both government and commercial sectors, along with its sophisticated data processing capabilities, underscores its commitment to providing reliable and cutting-edge geospatial solutions.

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Intermap Technologies partners with ALVO to provide 3D precision elevation data for agriculture projects in Greece and Malawi, leveraging AI/ML technology.
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Intermap Technologies reports 2023 financial results and 2024 guidance. The company saw a 25% growth in software and solutions revenue, with projections of $20-25 million in bookings, $16-18 million in revenue, and a 25% adjusted EBITDA margin for 2024. Despite revenue decline due to delays in government contracts and pandemic-related restrictions, Intermap remains optimistic about its high-growth, high-margin services model.
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Intermap Technologies announces a $1 million program in Malaysia to enhance water resources management, progress in the Indonesian mapping program, and strong growth in its global insurance business. The company leverages advanced AI/ML-driven automation to provide geospatial solutions, updates currency and hydrological datasets, and aims to drive economic growth through national digital infrastructure. Intermap's global insurance business shows strong growth in 2024 with awards reaching $1 million and a projected CAGR of over 20% in the coming years.
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Intermap Technologies has won a $20 million contract to map 10% of the Island of Sulawesi, Indonesia in 2024, as part of the One Map program. The contract is expected to be followed by task orders to map the remaining 90% over the subsequent four years. The company's proprietary IFSAR technology enables a unique country-wide mapping solution to achieve unprecedented specifications. The contract represents one of the largest single-source topographic mapping programs ever and demonstrates that national mapping agencies value Intermap's unique airborne, native-3D Interferometric Synthetic Aperture Radar (IFSAR) collection, high-quality elevation data, and rapid processing technology.
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Intermap Technologies announced the closing of a private placement for aggregate proceeds of C$885,000 to partially fund pursuit costs associated with upcoming government contracts in the United States and abroad. The Private Placement included two tranches, with the first tranche consisting of the issuance of 1,650,000 units and the second tranche consisting of the issuance of 120,000 units, of which 20,000 units were acquired by insiders. Each unit consists of one Class A common share of the Company issued at a price of C$0.50 and one common share purchase warrant. The exchange rate used to calculate the USD equivalent exercise price for each the Warrants and the Finder Warrants was the Bank of Canada’s latest published rate for the business day immediately prior to the issuance of same.
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Intermap Technologies (TSX: IMP; OTCQB: ITMSF) successfully closed a private placement, raising C$1,205,624.75. The funds will be used to prepare for upcoming government contracts. Each unit issued includes one common share and one transferable common share purchase warrant. The company also issued Finder Warrants to certain finders. All securities issued are subject to a 4-month hold period.
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Intermap Technologies (TSX: IMP; OTCQB: ITMSF) collaborates with Twinn by Royal HaskoningDHV to offer enhanced flood, natural hazard, and climate change data to the global insurance industry, expanding risk assessment capabilities and transforming services for informed decision-making. The global risk analytics market size is estimated at US$39.3 billion in 2022 and expected to grow to US$70.5 billion by 2027 with a CAGR of 12.4%.
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Intermap Technologies (TSX: IMP; OTCQB: ITMSF) reported third-quarter results, with revenue of $1.5 million, a 35% increase in subscription-based revenue year-over-year, and a 46% increase in subscription revenue year-over-year. The company remains focused on providing geospatial data in exploitation formats for commercial and government applications. Loss for the third quarter improved to $(0.8) million, and cash on the balance sheet has risen from $265 thousand to $332 thousand. Intermap won significant contracts across various markets, including space infrastructure, property intelligence analytics, and moon landing simulations.
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Intermap Technologies will provide high-resolution digital terrain models for flood hazard modeling in the Greater Lomé region in Togo, strengthening flood resilience and risk management. The partnership with Twinn by Royal HaskoningDHV supports this critical project. Intermap's precision data reinforces Twinn's technology for flood and climate risk management worldwide.
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Intermap Technologies announces strong recurring revenue growth with InsitePro insurance solution
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FAQ

What is the current stock price of Intermap Technologies (ITMSF)?

The current stock price of Intermap Technologies (ITMSF) is $1.187 as of April 11, 2025.

What is the market cap of Intermap Technologies (ITMSF)?

The market cap of Intermap Technologies (ITMSF) is approximately 72.5M.

What is the core business of Intermap Technologies Corp?

Intermap Technologies Corp specializes in advanced 3D geospatial mapping, digital elevation modeling, and geospatial intelligence solutions, serving both government and commercial sectors.

How does the company generate its revenue?

The company generates revenue through a mix of government contracts, software subscriptions for geospatial analytics, and acquisition services that provide high-resolution mapping data.

What technologies underpin Intermap's geospatial solutions?

Intermap employs proprietary sensor technologies such as IFSAR and FOPEN, integrated with advanced data processing and AI/ML algorithms, to deliver highly accurate 3D mapping products.

Who are the primary customers of Intermap Technologies Corp?

Intermap serves a diverse client base, including government agencies, defense organizations, telecommunications companies, and commercial enterprises needing precise geospatial intelligence.

How does Intermap differentiate itself from its competitors?

The company distinguishes itself through its advanced sensor platforms, high-resolution mapping capabilities, and comprehensive software solutions that offer recurring revenue, all of which enable superior geospatial intelligence.

What types of applications utilize Intermap's products?

Intermap’s solutions support a range of applications including national infrastructure mapping, telecommunications network planning, defense and augmented reality systems, and risk management for insurers.

Does Intermap work on large-scale mapping projects?

Yes, Intermap is involved in national-scale mapping projects, leveraging its advanced digital elevation models and 3D mapping capabilities to support extensive governmental and commercial initiatives.

How are recurring revenues generated by Intermap?

Recurring revenues come primarily from subscription-based software services that provide advance analytics and geospatial data, enabling customers to continuously update and refine their mapping and network planning models.
Intermap Technologies Corp

OTC:ITMSF

ITMSF Rankings

ITMSF Stock Data

72.47M
45.06M
15.95%
0.07%
Software - Application
Technology
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United States
Englewood