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Intermap Technologies Corp. - ITMSF STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Intermap Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Intermap Technologies's position in the market.

News
Intermap Growing Insurance Business in Eastern Europe
Rhea-AI Summary
Intermap Technologies announces KBC Slovakia and UNIQA Slovakia sign multiyear subscriptions for flood risk solutions in Slovakia, enhancing underwriting capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
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Intermap Drives Infrastructure Advancements in Greece and Malawi
Rhea-AI Summary
Intermap Technologies partners with ALVO to provide 3D precision elevation data for agriculture projects in Greece and Malawi, leveraging AI/ML technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
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News
Intermap Announces 2023 Results and 2024 Guidance
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.11%
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none
News
Intermap Announces $1 Million Program in Malaysia and Business Updates
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
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News
Intermap Wins Major Indonesian Mapping Contract
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
27.27%
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News
Intermap Closes Private Placement
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
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News
Intermap Closes Private Placement
Rhea-AI Summary
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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End-of-Day
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News
Intermap and Twinn by Royal HaskoningDHV Transform Climate Change Insurance
Rhea-AI Summary
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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End-of-Day
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News
Intermap Announces 46% Increase in Commercial Revenue During the Third Quarter
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.14%
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News
Intermap Supports World Bank Flood Modeling Project in Togo
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
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Intermap Technologies Corp.

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ITMSF Stock Data

23.07M
32.51M
22.7%
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