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Intermap Technology (TSE:IMP)
:IMP

Intermap Technology (IMP) AI Stock Analysis

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Intermap Technology

(TSX:IMP)

47Neutral
Intermap Technologies demonstrates strong revenue growth and improved profitability, which are major positives for its stock. However, financial challenges, such as high leverage and negative cash flows, along with bearish technical trends, moderately impact the stock's attractiveness. Positive earnings call sentiment and strategic growth initiatives provide some balance, resulting in an overall moderate score.

Intermap Technology (IMP) vs. S&P 500 (SPY)

Intermap Technology Business Overview & Revenue Model

Company DescriptionIntermap Technologies (IMP) is a leading geospatial solutions provider specializing in the creation of high-resolution digital elevation models and geospatial data analytics. The company operates in sectors such as defense, aviation, infrastructure, telecommunications, and insurance, offering core products and services including terrain data, geospatial software, and analytics solutions that support a wide range of applications from risk management to infrastructure planning.
How the Company Makes MoneyIntermap Technologies generates revenue through the sale of its geospatial data products and analytics services. Key revenue streams include licensing of its proprietary digital elevation models, subscription services for its geospatial analytics platform, and customized solutions tailored to specific industry needs. The company also engages in significant partnerships with government agencies and commercial enterprises, enhancing its ability to deliver comprehensive geospatial solutions and expand its market reach. Additionally, Intermap may secure contracts for large-scale projects that require extensive geospatial data collection and analysis.

Intermap Technology Financial Statement Overview

Summary
Intermap Technology shows strong revenue growth and improved profitability, with a notable 185% increase in revenue and a 14% net profit margin for 2024. However, historical volatility in EBIT margins, high debt-to-equity ratio, and negative operating and free cash flows present significant risks.
Income Statement
45
Neutral
Intermap Technology shows a significant improvement in revenue, up from $6.197M in 2023 to $17.637M in 2024, marking a strong growth trajectory. The gross profit margin for 2024 is 28.7%, and the net profit margin is 14%, demonstrating improved profitability. However, historical volatility in EBIT margins and past periods of negative net income pose risks to consistent profitability.
Balance Sheet
35
Negative
The company's debt-to-equity ratio has improved significantly but remains high, indicating leverage risk. Stockholder equity turned positive in 2024, enhancing stability. However, the equity ratio is 31.3%, suggesting moderate financial stability with potential vulnerabilities in asset financing.
Cash Flow
30
Negative
The cash flow statement indicates a concerning trend with negative operating and free cash flows in 2024. The free cash flow declined, and the operating cash flow to net income ratio is negative, highlighting cash management challenges despite improved revenue.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
17.64M6.20M6.79M5.80M4.72M
Gross Profit
5.06M-1.54M3.98M2.87M2.45M
EBIT
2.54M-3.35M-5.21M-4.11M-4.30M
EBITDA
3.65M-2.40M-3.46M-2.34M-2.83M
Net Income Common Stockholders
2.46M-3.70M-5.28M-3.36M26.53M
Balance SheetCash, Cash Equivalents and Short-Term Investments
445.00K677.00K843.00K188.00K1.78M
Total Assets
11.94M4.54M6.33M7.45M7.64M
Total Debt
1.19M1.10M1.17M1.22M1.44M
Net Debt
748.00K422.00K325.00K1.03M-334.00K
Total Liabilities
8.20M8.10M7.75M6.60M6.16M
Stockholders Equity
3.74M-3.56M-1.42M852.00K1.49M
Cash FlowFree Cash Flow
-4.04M-1.02M-1.75M-3.88M-2.54M
Operating Cash Flow
-1.79M-602.00K-1.51M-2.49M-2.05M
Investing Cash Flow
-2.25M-421.00K-243.00K-1.39M-338.00K
Financing Cash Flow
3.80M830.00K2.41M2.27M2.91M

Intermap Technology Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.08
Price Trends
50DMA
1.91
Positive
100DMA
2.17
Negative
200DMA
1.62
Positive
Market Momentum
MACD
0.08
Negative
RSI
54.73
Neutral
STOCH
59.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMP, the sentiment is Positive. The current price of 2.08 is above the 20-day moving average (MA) of 1.90, above the 50-day MA of 1.91, and above the 200-day MA of 1.62, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 54.73 is Neutral, neither overbought nor oversold. The STOCH value of 59.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IMP.

Intermap Technology Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSQIS
70
Outperform
C$68.08M26.738.98%-0.77%981.25%
TSSYZ
68
Neutral
C$217.06M-1.93%0.44%-13.99%-421.95%
60
Neutral
$10.78B10.47-6.71%2.99%7.58%-12.08%
50
Neutral
C$85.19M-107.94%99.88%28.72%
49
Neutral
C$61.56M-109.28%349.56%-928.83%
TSIMP
47
Neutral
C$122.97M31.561014.00%190.64%
34
Underperform
C$15.42M-602.31%-50.81%2.30%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:IMP
Intermap Technology
2.08
1.51
264.91%
TSE:VXTR
Voxtur Analytics
0.02
-0.07
-77.78%
TSE:SYZ
Sylogist
9.35
0.43
4.82%
TSE:ABXX
Abaxx Technologies Inc
4.08
0.00
0.00%
TSE:QIS
Quorum Information Technologies
0.92
0.29
46.03%
TSE:XTRA
Xtract One
0.39
-0.09
-18.75%

Intermap Technology Earnings Call Summary

Earnings Call Date:Mar 27, 2025
(Q4-2024)
|
% Change Since: 2.46%|
Next Earnings Date:May 15, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth and improved profitability, driven by successful contract executions and strategic partnerships. However, a decline in software revenue and dependency on specific projects present potential challenges. Overall, the positive aspects of the call outweigh the concerns.
Q4-2024 Updates
Positive Updates
Significant Revenue Growth
Intermap reported $17.6 million in total revenue for 2024, up 185% compared to 2023. The company also achieved a Q4 revenue of $7.4 million, a 500% increase from the previous year.
Improved Profitability
The company reported an adjusted EBITDA of $4.1 million for the full year, marking a 23% margin, compared to an adjusted EBITDA loss in 2023. Q4 EBITDA margin was 27%.
Successful Execution of Contracts
Intermap's execution on key contracts, including a $20 million project in Indonesia, was highlighted as a significant achievement. The company completed 60% of the first phase by year-end and is pursuing follow-on awards.
Strong International Revenue
Approximately 80% of consolidated revenue in 2024 was generated outside the United States, reflecting Intermap's strong international presence.
Increased Net Income
The company reported a net income of $2.5 million for 2024, a significant improvement from a $3.7 million net loss in 2023.
Strategic Partnerships and Contracts
Intermap expanded its Air Force and Pentagon contracts and partnered with a major dual-use space launch and satellite provider, reflecting its strategic growth in key sectors.
Negative Updates
Decline in Software and Solutions Revenue
Full-year software and solutions revenue fell 7% year-over-year to $4 million, primarily due to the absence of $0.5 million in one-time setup fees that were included in 2023.
Currency Fluctuations and Risk Factors
The company is exposed to currency fluctuations worldwide, although it has partially hedged to mitigate exposure.
Dependency on Indonesian Project
The company's 2025 guidance and financial outlook depend significantly on the continuation and expansion of the Indonesian contract, which involves approved World Bank funding.
Company Guidance
During the call, Intermap Technologies provided detailed guidance for 2024 and beyond, focusing on revenue and adjusted EBITDA metrics. For 2024, they reported a total revenue of $17.6 million, a significant 185% increase from 2023, with an adjusted EBITDA of $4.1 million, reflecting a 23% margin. The CEO, Patrick Blott, highlighted their strong execution on contracts and their robust financial performance, with a net income of $2.5 million and $0.05 per share fully diluted, translating to a 14% net income margin. For 2025, they anticipate revenues between $30 million to $35 million and a 28% adjusted EBITDA margin. Intermap also mentioned their strategic focus on profitable growth with low capital requirements, supported by advanced AI/ML technologies and government contracts. The company emphasized its strong liquidity, with net liquidity exceeding $15 million, and its investments in technology and fixed assets totaling almost $12 million. They are also engaged with multiple defense programs, reflecting their dual-use technology's success.

Intermap Technology Corporate Events

Shareholder MeetingsFinancial Disclosures
Intermap Technologies Schedules Q1 2025 Earnings Release and AGM
Neutral
Apr 17, 2025

Intermap Technologies has announced the dates for its first quarter 2025 financial results and Annual General Meeting (AGM). The financial results will be released on May 15, 2025, followed by a live webinar hosted by the company’s executives to discuss the results and provide updates. The AGM is scheduled for June 26, 2025, in Calgary, Alberta, where stakeholders will gain insights into the company’s recent developments and long-term growth vision.

Spark’s Take on TSE:IMP Stock

According to Spark, TipRanks’ AI Analyst, TSE:IMP is a Neutral.

Intermap Technologies’ strong revenue growth and improved profitability in 2024 are major positives. However, financial challenges, including high leverage and negative cash flows, along with a bearish technical trend, moderately impact the stock’s attractiveness. Positive earnings call sentiment and strategic growth initiatives provide some balance, resulting in an overall moderate score.

To see Spark’s full report on TSE:IMP stock, click here.

Business Operations and Strategy
Intermap Technologies to Present at Planet MicroCap Showcase, Aiming for Growth
Positive
Apr 15, 2025

Intermap Technologies announced that its Chairman and CEO, Patrick A. Blott, will present at the Planet MicroCap Showcase in Las Vegas on April 23, 2025. The company is leveraging its recent C$12 million deal to expand partnerships, particularly in Indonesia, and develop military technologies, aiming for significant revenue growth and improved EBITDA margins in 2025. These initiatives are set to enhance Intermap’s market position and shareholder value.

Spark’s Take on TSE:IMP Stock

According to Spark, TipRanks’ AI Analyst, TSE:IMP is a Neutral.

Intermap Technologies’ strong revenue growth and improved profitability in 2024 are major positives. However, financial challenges, including high leverage and negative cash flows, along with a bearish technical trend, moderately impact the stock’s attractiveness. Positive earnings call sentiment and strategic growth initiatives provide some balance, resulting in an overall moderate score.

To see Spark’s full report on TSE:IMP stock, click here.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
Intermap Technologies Reports Strong 2024 Results and Optimistic 2025 Outlook
Positive
Mar 27, 2025

Intermap Technologies reported a significant financial turnaround in 2024, with revenues reaching $17.6 million and a net income of $2.5 million, marking a substantial improvement from the previous year’s losses. The company has outlined an optimistic outlook for 2025, projecting revenues between $30 to $35 million and an adjusted EBITDA margin of approximately 28%. Key achievements in 2024 included major contract wins with government entities and expansion in the European insurance market, which have bolstered its market position and shareholder base. The company also completed a C$12 million equity financing, enhancing its financial stability and ability to pursue new opportunities.

Business Operations and Strategy
Intermap Technologies’ Insurance Business Sees Strong Growth in 2025
Positive
Mar 20, 2025

Intermap Technologies has announced a strong start to 2025 for its insurance business, with awards exceeding $1.1 million from new client subscriptions and renewals. The company has secured strategic partnerships with a major bank-insurance group in Europe and PREMIUM Insurance Company Limited, enhancing their flood risk management capabilities. These developments highlight the increasing demand for Intermap’s 3D geospatial data solutions, which leverage AI and machine learning to provide precise risk assessments, thereby strengthening the company’s position in the insurance industry.

Financial Disclosures
Intermap Technologies Sets Date for 2024 Financial Results Announcement
Neutral
Feb 27, 2025

Intermap Technologies announced the release date for its fourth quarter and full year 2024 financial results, scheduled for March 27, 2025. The company will host a live webinar to discuss these results and provide updates, inviting stakeholders to participate. This announcement underscores Intermap’s commitment to transparency and engagement with its investors and stakeholders, potentially impacting its market positioning and stakeholder relations.

Private Placements and FinancingBusiness Operations and Strategy
Intermap Technologies Secures $12 Million Financing to Boost Operations
Positive
Feb 20, 2025

Intermap Technologies announced the successful closing of a $12 million financing deal, consisting of a ‘bought deal’ LIFE offering and a concurrent private placement. The proceeds will be used to enhance working capital and execute government contracts, allowing the company to accelerate its programs and improve service offerings.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.