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Intermap Announces First Quarter 2025 Results
Globenewswire· 2025-05-15 20:01
Core Insights - Intermap Technologies reported a first quarter 2025 revenue growth of 153% with a pro-forma adjusted EBITDA margin of 28% [1][7] - The company confirmed its projected 2025 revenue guidance of $30–35 million and maintained an EBITDA margin of 28% [1][13] Financial Performance - Total revenue for Q1 2025 was $4.3 million, compared to $1.7 million in Q1 2024 [7] - Acquisition Services revenue increased to $2.4 million from $478 thousand year-over-year [7] - Value-added Data revenue rose to $514 thousand from $266 thousand in the previous year [7] - Software and Solutions revenue reached $1.3 million, up from $942 thousand in Q1 2024 [7] - Pro-forma net income was $833 thousand, a significant improvement from a net loss of $839 thousand in Q1 2024 [7] - Total assets increased to $19.2 million from $11.9 million as of December 31, 2024 [7] - Cash, unbilled, and accounts receivable totaled $13.9 million, compared to $6.5 million at the end of 2024 [7] Government Sector Developments - Intermap was selected as a vendor for the National Geospatial-Intelligence Agency's $200 million Luno B IDIQ contract, contributing to a total addressable opportunity of $500 million [3] - The company is executing Phase 1 of Indonesia's national mapping initiative, with plans for follow-on awards under the $653 million World Bank-funded ILASP project [4] - Intermap incurred costs related to permitting and currency adjustments during the quarter, which were collected in April 2025 [5] Commercial Sector Achievements - The company secured over $1.1 million in new and renewed contracts in its insurance business [9] - Intermap expanded its partnership with a major global space infrastructure operator, significantly increasing investment in its high-precision 3D elevation data [10] - The company renewed its subscription partnership with a leading provider of GPS-enabled golf technology, enhancing its offerings for golfers [11] Strategic Initiatives - Intermap raised C$12 million in February 2025 to fund growth and strengthen its ability to execute on its expanding pipeline [12] - The company is focused on building recurring revenue through its geospatial data products, enabling customers to access precise terrain data on demand [15] Future Outlook - Intermap is well-positioned for long-term growth with a strong balance sheet and increasing customer confidence [3] - The company aims to penetrate deeper into targeted markets while enabling new use cases for its geospatial intelligence solutions [15]
NV5(NVEE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:32
NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants Richard Tong - Director, EVP & General CounselDickerson Wright - Executive ChairmanBen Heraud - CEOEdward Codispoti - CFOAlexander Hockman - President & CEO - InfrastructureAndrew Chang - COO - Buildings & TechnologyKurt Allen - President of GeospatialSam Kusswurm - Equity Research Associate Conference Call Participants Chris Moore - Senior AnalystRob Brown - Founding Partner & Senior Research AnalystAndrew Wittmann - Seni ...
NV5(NVEE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:32
NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Company Participants Richard Tong - Director, EVP & General CounselDickerson Wright - Executive ChairmanBen Heraud - CEOEdward Codispoti - CFOAlexander Hockman - President & CEO - InfrastructureAndrew Chang - COO - Buildings & TechnologyKurt Allen - President of GeospatialSam Kusswurm - Equity Research Associate Conference Call Participants Chris Moore - Senior AnalystRob Brown - Founding Partner & Senior Research AnalystAndrew Wittmann - Seni ...
NV5(NVEE) - 2025 Q1 - Earnings Call Transcript
2025-05-01 20:30
NV5 Global (NVEE) Q1 2025 Earnings Call May 01, 2025 04:30 PM ET Speaker0 Good afternoon, everyone, and thank you for participating in today's conference call to discuss NV5's financial results for the first quarter twenty twenty five ended 03/29/2025. Joining us today are Dickerson Wright, Executive Chairman of NV5 Ben Hurad, CEO of NV5 Edward Codispoti, CFO of NV5 and Richard Tong, Executive Vice President and General Counsel at NV5. I would now like to turn the call over to Richard Tong. Speaker1 Thank y ...