Intermap Technologies Corp Stock Price, News & Analysis

Intermap Technologies (OTCQB: ITMSF) held its Annual General Meeting on June 26, 2025, with 45.93% shareholder participation. Shareholders approved all proposed items, including the election of directors and appointment of auditors.

All four nominated directors were elected with strong approval rates above 96%. Patrick A. Blott, Philippe Frappier, John Hild, and Jordan Tongalson will serve until the next annual meeting. MNP LLP was appointed as the company's auditor with 97.42% approval.

Intermap Technologies Corporation announced the appointment of MNP LLP as their new auditors, following KPMG LLP's decision to decline re-appointment for the financial year ending December 31, 2025. KPMG notified the company of their resignation on May 5, 2025. Shareholders will vote on MNP's appointment at the upcoming annual general meeting on June 26, 2025. The Board of Directors will be authorized to fix the remuneration of the new auditors. Notably, KPMG had no modified opinions in their reports on the company's financial statements, and there were no reportable events as defined by National Instrument 51-102. The company clarified that shareholders voting by proxy for "Replacement Auditors" will be voting for MNP's appointment.

Intermap Technologies (ITMSF) reported strong Q1 2025 financial results with total revenue of $4.3 million, representing a 153% growth compared to Q1 2024. The company achieved a 28% pro-forma adjusted EBITDA margin and pro-forma net income of $833,000. Key revenue segments included Acquisition Services ($2.4M), Value-added Data ($514K), and Software and Solutions ($1.3M).

Notable achievements include selection for NGA's $200M Luno B IDIQ contract, progress in Indonesia's national mapping initiative, and new commercial partnerships. The company secured over $1.1M in insurance contracts and expanded partnerships with a global space infrastructure operator and a GPS-enabled golf technology provider. Intermap raised C$12M in February 2025 and confirmed its 2025 guidance of $30-35 million in revenue with a 28% EBITDA margin.

Intermap Technologies (TSX: IMP; OTCQB: ITMSF), a global leader in 3D geospatial products and intelligence solutions, has announced key upcoming corporate events. The company will release its first quarter 2025 financial results after market close on May 15, 2025, followed by a live webinar at 5:00 pm ET.

The earnings webinar will be hosted by CEO Patrick A. Blott, CFO Jennifer Bakken, and COO Jack Schneider, who will review results and address investor questions. Additionally, Intermap will hold its Annual General Meeting (AGM) on June 26, 2025, in Calgary, Alberta, where stakeholders will receive updates on recent developments, operational highlights, and the company's long-term growth vision.

Intermap Technologies (OTCQB: ITMSF) announced its Chairman and CEO Patrick A. Blott will present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025. The presentation follows the company's recent C$12 million upsized bought deal in February.

The company provided 2025 revenue guidance of $30-35 million, projecting 70% growth at the low end, with expected adjusted EBITDA margin improvement to 28% from 23% in 2024. This growth is supported by their expanding partnership with Indonesia for proprietary elevation data and military collaborations for next-generation technologies, where Intermap will maintain exclusive commercial rights.

Intermap Technologies reported strong financial results for 2024, with revenue reaching $17.6 million compared to $6.2 million in 2023. The company achieved a net income of $2.5 million, reversing a $3.7 million loss from the previous year. Revenue breakdown includes $10.5 million from Acquisition Services, $3.1 million from Value-added Data, and $4.0 million from Software and Solutions.

The company secured several major government contracts in 2024, including projects in Indonesia, Malaysia, and with the U.S. Air Force. Commercial achievements included expansion in European insurance markets and telecom renewals. For 2025, Intermap projects revenue of $30-35 million with an adjusted EBITDA margin of approximately 28%.

The company recently closed a C$12 million equity financing and was selected as a vendor for a $200 million Luno B IDIQ contract. With total assets increasing 2.6x to $12.0 million, Intermap will register under U.S. Securities Exchange Act reporting requirements as a foreign private issuer.

Intermap Technologies (ITMSF) reports strong growth in its insurance business for early 2025, with year-to-date awards exceeding $1.1 million from new client subscriptions and renewals. The company secured two major strategic partnerships:

1. A new multiyear subscription with a major bank-insurance group operating in five European countries, implementing Intermap's Aquarius RMA solution for natural hazards and climate change risk quantification.

2. A partnership with PREMIUM Insurance Company , adopting Intermap's next-generation Aquarius RMA natural hazard solution for the Czech Republic and Slovakia markets.

The company's NEXTMap solution incorporates AI and machine learning to create global digital elevation models at resolutions up to one meter, enabling precise risk assessments throughout the insurance policy lifecycle.

Intermap Technologies (TSX: IMP; OTCQB: ITMSF) announced it will release its Q4 and full-year 2024 financial results after market close on March 27, 2025. The company will host a live webinar on the same day at 5:00 pm ET.

The earnings webinar will feature CEO Patrick A. Blott, CFO Jennifer Bakken, and COO Jack Schneider, who will review results, provide company updates, and address investor questions. A recording and supporting materials will be available in the investor section of Intermap's website.

Intermap Technologies (TSX: IMP; OTCQB: ITMSF) announced its team, led by CACI, Inc. – Federal, has been selected as one of the vendors for the National Geospatial-Intelligence Agency's (NGA) $200 million Luno B commercial data contract. The indefinite delivery, indefinite quantity (IDIQ) contract will provide the national security community with access to high-quality commercial geospatial intelligence (GEOINT).

The contract features a five-year base ordering period and will enable NGA to advance GEOINT artificial intelligence applications while supporting warfighters, policy makers, and mission partners. Users will gain access to data and analytic services for worldwide economic, environmental, and geopolitical activities analysis, including monitoring of illegal and unregulated activities.