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GuruFocus News
Fri, May 16, 2025, 12:01 PM 3 min read
Release Date: May 15, 2025
For the implicit transcript of the net call, delight notation to the full net telephone transcript.
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Intermap Technologies Corp (ITMSF) reported a important gross summation of 153% twelvemonth implicit year, reaching $4.3 cardinal successful Q1 2025.
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The institution achieved a pro forma nett income of $833,000, a important betterment from a nett nonaccomplishment of $839,000 successful Q1 2024.
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Intermap Technologies Corp (ITMSF) successfully raised $8.7 cardinal successful the archetypal quarter, enhancing its liquidity profile.
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The institution secured a caller US DARPA program, highlighting its beardown narration and alignment with US authorities requirements.
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Intermap Technologies Corp (ITMSF) is expanding its commercialized reach, introducing multi-payels analytics successful North America and securing caller contracts successful space-based communications and leisure applications.
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Currency risks and hedging costs associated with overseas authorities contracts stay a concern, though mitigated by World Bank funding.
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The timing of follow-on awards, including those with approved World Bank funding, poses a hazard to the company's outlook.
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Intermap Technologies Corp (ITMSF) faces vulnerability to currency fluctuations globally, which it lone partially hedges.
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The institution is successful a delicate play regarding the Indonesian contract, limiting the accusation it tin disclose astir aboriginal phases.
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Intermap Technologies Corp (ITMSF) is inactive moving towards a elder US speech listing, which is simply a propulsion alternatively than a push, indicating imaginable delays oregon challenges.
Q: Can you update america connected the advancement towards securing the adjacent signifier of the Indonesian program? Do you inactive envision the adjacent signifier being larger than signifier 1 and immoderate consciousness you person connected timing? A: We expect it to beryllium larger due to the fact that there's a batch of enactment to get done. The archetypal signifier was lone 10% of the country. They're successful a quiescent play close now, and truthful are we. So we're not saying overmuch astir it, but erstwhile they prioritize internally what they privation completed first, we'll terms it and we'll stock it with the market. - Patrick Blott, CEO
Q: What are the goals that Indonesia is moving to lick with your technology? A: Several goals, but the astir important 1 is sovereignty. Indonesia has implicit 17,500 islands and needs precise mapping for sovereignty purposes. The mapping besides supports catastrophe management, planning, and commercialized applications similar flood underwriting. - Patrick Blott, CEO
Q: Will Indonesia beryllium a one-time declaration oregon a bid of follow-on contracts implicit the adjacent fewer years? A: It's going to beryllium a bid of follow-on contracts. Indonesia is moving connected a "one map" program, which is simply a legislative and Presidential directive supported by the World Bank. The nonsubjective is to make a high-resolution 3D terrain exemplary of the full country. - Patrick Blott, CEO
English (US) ·