Quarterly ResultMay 14, 2026, 05:27 PM
Intermap Q1 Revenue Down 67% to $1.41M; Net Loss Widens to $3.03M
AI Summary
Intermap Technologies Corp reported a significant decline in its first-quarter 2026 financial results, with revenue dropping by 67% to $1.41 million and net loss widening to $3.03 million. The company's cash balance also decreased by 17% from the previous quarter-end. Despite a reduction in operating costs, the overall financial performance for the quarter was weak. However, a positive subsequent event involved the extinguishment of a CDN$240,000 project financing loan for a cash settlement of CDN$60,000.
Key Highlights
- Revenue decreased by 67% to $1.41 million in Q1 2026 from $4.26 million in Q1 2025.
- Net loss widened by 150% to $3.03 million in Q1 2026 from $1.21 million in Q1 2025.
- Basic and diluted loss per share increased to $0.04 in Q1 2026 from $0.02 in Q1 2025.
- Cash balance decreased by 17% to $18.77 million at March 31, 2026, from $22.52 million at December 31, 2025.
- Operating costs decreased by 27% to $3.78 million in Q1 2026 from $5.15 million in Q1 2025.
- Shareholders' equity decreased by 18% to $20.20 million at March 31, 2026, from $24.56 million at December 31, 2025.
- Subsequent to quarter-end, a CDN$240K project financing loan was extinguished for a CDN$60K cash settlement.
Price Impact
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