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.
Intermap Technologies Corp (ITMSF) delivers cutting-edge 3D geospatial solutions for government and commercial sectors through advanced sensor technologies and AI-powered analytics. This page provides centralized source for official news and press releases related to the company’s strategic developments.
Investors and industry professionals will find timely updates on key activities including government mapping contracts, telecom infrastructure projects, and technology innovations. Our curated news collection enables users to track Intermap’s progress in national-scale mapping initiatives, software subscription growth, and defense sector applications.
The repository includes verified information on earnings announcements, strategic partnerships, and product launches, offering insights into the company’s operational and financial trajectory. All content is sourced directly from company filings and authorized communications to ensure reliability.
Bookmark this page for streamlined access to Intermap’s latest developments in geospatial intelligence, including updates on its proprietary IFSAR technology and recurring revenue streams from data subscription services. Check regularly for authoritative updates essential for informed market analysis.
Intermap Technologies (TSX: IMP; OTCQB: ITMSF) announced the expansion of its contract with a global spacecraft/launch/communications operator. The contract now includes additional operation sites for RF interference modeling, leveraging Intermap's high-precision 3D NEXTMap® elevation data and proprietary AI/ML software. This expansion aims to support high-growth space communications, enhancing simulation capabilities, ensuring regulatory compliance, and providing actionable geospatial insights. This marks a significant milestone in Intermap's continued global expansion and commitment to delivering precise 3D data to commercial enterprises.
Intermap Technologies announced a 42% revenue growth in the first quarter of 2024, with recurring revenue contributing significantly. The Company received initial payments for the Indonesian mapping program. Intermap affirmed revenue projections for 2024 of $16-18 million with an EBITDA margin of around 25%. The Company is focused on building geospatial foundation data for Indonesia and expanding its government segment. Additionally, Intermap won several key contracts and anticipates further growth opportunities in Southeast Asia.
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