Record Revenue Growth
Total revenue increased 153% year-over-year to $4.3 million in Q1 2025, compared to $1.7 million in Q1 2024, with growth coming from all areas of the business.
Strong International Revenue
Approximately 86% of consolidated revenue was generated outside the United States, up from 77% in 2024.
Significant Increase in Acquisition Services Revenue
Acquisition Services revenue increased by 402% year-over-year to $2.4 million, driven by the execution of government contracts, including Indonesia.
Positive Net Income
Pro forma net income of $833,000 was reported compared to a net loss of $839,000 in Q1 2024.
Successful Equity Financing
Intermap raised US$8.7 million in Q1 2025 through equity financing, improving liquidity profiles with total assets now exceeding $19 million.
DARPA Program Selection
Intermap was down-selected for a new U.S. DARPA program, highlighting their capabilities and commercial expertise.
Expansion in North American Markets
The company is introducing multi-perils analytics to North American accounts, following success in Europe with a 70% increase in pricing.