Intermap Technologies Corp T.IMP

Alternate Symbol(s): ITMSF

Technology Software - Application

Intermap Technologies Corporation provides geospatial intelligence solutions, focused on the creation and analysis of three-dimensional (3D) terrain data to produce high-resolution thematic models. The Company provisions diverse, complementary, multi-source datasets to enable customers to integrate geospatial intelligence into their workflows. Its 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. Its primary business activities include data acquisition and collection; value-added data products and services, which leverage its NEXTMap database, together with software and fusion technologies, and commercial applications and solutions, including a webstore and software sales. The Company serves defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, and others.

TSX:IMP - Post by User

Intermap Technologies Corp

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Post by nexuss24on Apr 07, 2018 4:43pm

346 Views

Post# 27848081

Intermap Tech: Turnaround Story

Intermap Tech: Turnaround Story
Market cap: Approx ~5M USD
Enterprise Value: ~31M USD

Highlights (USD):

- 6.4M Cash
- Generating Net Positive Cash Flow ( 1.09M Q3, 0.59M Q4)
- Low Float Stock (16.4M S/O)
- $0.10 EPS last two quarters
- 35% Institutional holdings (Vertex Asset Management)
- 11M in Assets; which EXCLUDED NEXTMap® data library, internally developed software applications, patented algorithms, innovative approaches in artificial intelligence and machine learning-driven processing engines, risk models, and prototype sensors.
- 220M in NOL's worth approx 46M in a buyout or merger.
- High Margin business - 60% on mapping Acquisition, 90% software.
- New upgraded acquisition systems (Q1 17'). Now provides LIDAR Services
- New Managment (since Sept 2016) - provided debt restructuring, and brought the company to generate net income.

Product Catalysts:
1) Insitepro (Insurance flood software); 100% renewal rate with current customers and 210% revenue growth. First commercial software subscription for wildfire risk analytics.
2) Data Subscriptions. New customers (Fatmap) and partners (Skymap Global)
3) Data Acquisition: USGS Lidar/IfSAR Contracts, additional South East Asian contracts, large SDI contracts (like the one announced June 2015 for $125M)

Con's
- 33M Debt (@ zero percent till 09/2020 to Vertex Asset Management, company's largest shareholder)
- No Analyst Coverage
- Low Volume
- Managment giving no guidance until debt reduced
- Possible additional share consolidation ( management states for possible US up list)

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