Intermap Technologies (IMP) investor relations material

Executive summary

• Achieved significant operational milestones, including rapid delivery of a 1:5,000 scale basemap in Indonesia using AI-driven automation and advanced GPU technology.

• Commercial revenue increased 37% year-over-year, driven by adoption of the AI Risk Assistant platform, especially in Europe.

• Secured over $100 million in credit support and raised $35 million in equity, removing the going concern qualification from financial statements.

• Announced two major NOAA contracts with a combined ceiling of over $500 million, providing recurring opportunities in coastal and climate analytics.

• United States and Europe contributed 90% of total revenue for the quarter.

Financial highlights

• Q3 2025 revenue was $1.7 million, down from $5 million in Q3 2024, due to timing of government programs and U.S. shutdown.

• Year-to-date revenue reached $9 million, compared to $10.2 million for the same period in 2024.

• Adjusted EBITDA was negative $1 million for the quarter, versus positive $1.6 million last year.

• Net loss was $1.5 million, compared to net income of $1.1 million in Q3 2024.

• Operating cash flow year-to-date was $2 million, with quarter cash flow improving to negative $1.7 million from negative $2.3 million last year.

Outlook and guidance

• Maintains guidance of $30–$35 million in revenue and 28% adjusted EBITDA margin for the year.

• Expects continued growth in insurance segment, driven by Elevation as a Service and analytic subscriptions.

• Ample identified contracting opportunities to support guidance once customer decisions are finalized.

• Timing of government contracts may shift due to funding delays and complex tender processes, but multiple concurrent pursuits help mitigate risk.

• Risks to guidance include timing of subscription renewals, contract awards, and revenue recognition.