Intermap Reports Fourth Quarter and Full Year 2025 Results

Core Insights - Intermap has been selected for all four remaining lots of Indonesia's ILASP Project, representing a potential $200 million opportunity [4] - Subscription and data revenue grew by 29% year over year, reaching $5.2 million, which now constitutes 49% of total revenue [5][6] - The company has strengthened its balance sheet, ending 2025 with cash of $22.5 million, total assets of $31.7 million, and shareholders' equity of $24.6 million [3] Financial Performance - Total revenue for 2025 was $10.6 million, a decrease from $17.6 million in 2024, with fourth quarter revenue at $1.6 million compared to $7.4 million in the prior year [6] - The operating loss for the full year 2025 was $6.9 million, with a net loss of $6.7 million or $0.11 per share, contrasting with a net income of $2.5 million or $0.05 per diluted share in 2024 [8] - Excluding the impact of currency fluctuations and other factors, the company's continuing business operated at approximately cash flow break-even [9] Strategic Initiatives - The company is advancing follow-on opportunities in Indonesia and pursuing additional GEOINT program awards in the U.S. and with Allied partners [12] - Intermap introduced an AI-enabled risk assistant, contributing to growth in subscription-based revenue [18] - The company aims to convert large government opportunities into awarded and recognized revenue while scaling recurring subscription and data analytics revenue [19] Outlook - Intermap reaffirms its guidance for 2026, projecting revenue of $30–35 million with a 28% EBITDA margin, supported by strong underlying demand for government programs and recurring subscription solutions [13]