Mergers & Acquisitions ·
Intermap Technologies reported Q2 2026 revenue of $2.0 million, down from $3.0 million in Q2 2025, driven by a delay…
ITMSFIntermap Technologies Corp
Intermap Technologies reported Q2 2026 revenue of $2.0 million, down from $3.0 million in Q2 2025, driven by a delay in follow-on contract awards for its Indonesia acquisition services program which generated nil revenue this quarter compared to $1.4 million previously. Year-to-date revenue fell to $3.4 million from $7.3 million. The company posted a net loss of $2.1 million ($0.03 per share) versus a $0.8 million loss in the prior year period, with Adjusted EBITDA widening to negative $1.4 million from negative $0.3 million due to increased fixed costs and headcount expansion. Cash reserves decreased to $16.2 million from $22.5 million at year-end 2025. Concurrently, Intermap announced a definitive agreement to acquire PCI Geomatics, a satellite and aerial image processing technology leader, in a transaction expected to close by September 30, 2026, subject to shareholder approval. This acquisition aims to create a vertically integrated geospatial intelligence platform combining data collection with advanced image processing capabilities. Intermap operates as a global provider of geospatial intelligence solutions and analytics.