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]