financetom
Business
financetom
/
Business
/
Intermap Technologies Swings to a Q4 Profit as Revenue Rises; Issues a 2025 Outlook
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Intermap Technologies Swings to a Q4 Profit as Revenue Rises; Issues a 2025 Outlook
Mar 27, 2025 2:34 PM

05:00 PM EDT, 03/27/2025 (MT Newswires) -- Intermap Technologies ( ITMSF ) , after trade Thursday said it swung to a fourth-quarter profit as revenue rose six fold.

The company earned $1.5 million in the period, compared with a loss of $1 million in the year-prior quarter.

Revenue rose to $7.4 million, up from $1.2 million a year prior. FactSet expected $8.7 million.

For 2025, the company expects revenue of between $30 million and $35 million, and an adjusted earnings before interest, taxes, depreciation, and amortization margin of about 28%.

"Our 2025 guidance reinforces our commitment to sustainable growth and market leadership, and the C$12 million equity financing that we closed in February gives us the balance sheet to execute on our existing government contracts and advance new opportunities in our pipeline," Chief Executive Patrick Blott said.

The company's shares closed up $0.04 to $2.03 on the Toronto Stock Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Correction: Curbline Properties' Q4 FFO, Revenue Rise
Correction: Curbline Properties' Q4 FFO, Revenue Rise
Feb 11, 2025
08:35 AM EST, 02/11/2025 (MT Newswires) -- (Corrects the Q4 revenue figure in the third paragraph.) Curbline Properties ( CURB ) reported Q4 funds from operations Tuesday of $0.22 per diluted share, up from $0.16 a year earlier. That result matched the average estimate of analysts polled by FactSet. Revenue for the quarter ended Dec. 31 was $34.9 million, up...
Archer Aviation raises $300 million in BlackRock-backed funding
Archer Aviation raises $300 million in BlackRock-backed funding
Feb 11, 2025
(Reuters) - Air-taxi maker Archer Aviation ( ACHR ) said on Tuesday it has raised $300 million in a funding round that consisted of institutional investors including accounts managed by BlackRock ( BLK ). Archer expects the capital raise to help it accelerate the development of its hybrid aircraft platform and further reinforce its balance sheet. We are raising additional...
Telus to Set Up Digital Research Hub at University of Sao Paulo in Brazil With $1 Million Investment
Telus to Set Up Digital Research Hub at University of Sao Paulo in Brazil With $1 Million Investment
Feb 11, 2025
08:38 AM EST, 02/11/2025 (MT Newswires) -- Telus International (TIXT) said Tuesday it is setting up a digital research hub at the University of Sao Paulo in Brazil with a $1 million investment over three years to support artificial intelligence research in customer experience applications. The company said the research hub, based within the university's Center for Artificial Intelligence and...
Magna International Provides Electric Drive System for Mercedes Off-Roader Vehicles
Magna International Provides Electric Drive System for Mercedes Off-Roader Vehicles
Feb 11, 2025
08:35 AM EST, 02/11/2025 (MT Newswires) -- Magna International ( MGA ) said Tuesday it has expanded its partnership with Mercedes-Benz to provide electric drive systems for Mercedes off-roader vehicles. Financial terms were not provided. The company said providing its eDS Duo e-motor drive is part of Magna and Mercedes' ongoing partnership since 1979. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved