Intermap Q1 reports a revenue of $1.4 mln, mostly from recurring subscriptions

Intermap Technologies

13/05/2026 21:41

Overview

U.S. geospatial solutions provider reported Q1 revenue of $1.4 mln, mostly from recurring subscriptions

Company operated near break-even, excluding timing and financing related items

Absence of large government program revenue due to procurement cycle timing, not demand changes

Outlook

Intermap affirms 2026 revenue guidance of $30-35 mln with a 28% EBITDA margin

Company expects government pipeline to convert into revenue as procurement processes advance

Management says demand environment remains strong, supported by insurance analytics and government programs

Result Drivers

RECURRING REVENUE - More than 80% of Q1 revenue came from recurring subscription and data sales

ENTERPRISE ADOPTION - Growing use of AI-enabled data-as-a-service platform, led by Agentic AI Risk Assistant, supported revenue from insurance and enterprise customers

GOVERNMENT PROGRAM TIMING - Lack of large government program revenue due to procurement cycle timing, not changes in demand

Company press release: ID:nGNX6rdbN4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the mining support services & equipment peer group is "buy"

Wall Street's median 12-month price target for Intermap Technologies Corp is C$4.00, about 112.8% above its May 12 closing price of C$1.88

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)