Intermap H1 Revenue Down 53.9%; Net Loss Widens to $5.14M

Key Highlights

• Revenue for the six months ended June 30, 2026, decreased by 53.9% to $3.36 million from $7.28 million in the prior year period.
• Net loss for the six months ended June 30, 2026, widened to $5.14 million, compared to a net loss of $2.03 million in the same period last year.
• Basic and diluted loss per share for the six months ended June 30, 2026, was $(0.07), compared to $(0.04) in the prior year.
• Cash at the end of the period (June 30, 2026) was $16.18 million, down from $22.52 million at December 31, 2025.
• Cash flows used in operating activities for the six months ended June 30, 2026, were $(1.61) million, a significant decrease from $1.42 million provided in the prior year.
• The company recognized a gain on extinguishment of debt of $132 thousand from settling a project financing loan.
• Acquisition services revenue for the six months ended June 30, 2026, was $0, down from $3.85 million in the prior year.
• Asia/Pacific revenue for the six months ended June 30, 2026, significantly decreased to $41 thousand from $3.89 million in the prior year.