Revenue jumped to $3.6 million from $1.6 million last year $0.9 million of EBITDA, $0.6 million of operating income and $0.6 million of net income Airborne platform commenced data collection for the Indonesian mapping program Affirming 2024 revenue projections of $16-18 million, adjusted EBITDA margin of approximately 25% DENVER, Aug.14, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) ("Intermap” or the "Company”), a global leader in 3D geospatial products and intelligence solutions, today announced 125% revenue growth in the second quarter of 2024.
Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings.
Starting in North America and now gaining momentum in Southeast Asia, Intermap is increasingly delivering mission-critical strategic geospatial advantage to governments and non-geospatial expert commercial users, with a growing backlog of multiyear partnerships.” Subsequent to the quarter ending June 30, 2024, the Company successfully raised aggregate gross proceeds of approximately CAD $3,305,956 through the issuance of an aggregate 7.3 million Class "A” common shares at a price of CAD $0.45 per common share.
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