GlobeNewswire·Aug 13, 2026, 4:30 PM ET

Intermap Reports Second Quarter 2026 Results

ITMSF

Intermap Technologies announced a definitive agreement to acquire PCI Geomatics, creating a vertically integrated geospatial intelligence platform scheduled to close by the end of September 2026.
Value-added Data revenue more than doubled to $0.7 million in Q2 2026, while Software and Solutions prepaid revenue grew 35% to $1.3 million.
Total second quarter revenue was $2.0 million, down from $3.0 million in Q2 2025, due to the absence of Acquisition Services revenue caused by delayed contract awards in Indonesia.
Net loss for the quarter was $2.1 million, or $0.03 per share, compared to a net loss of $0.8 million in the prior year period.
The Company invested approximately $2.2 million year-to-date to upgrade its platform, including airborne, sensor, processing, and AI technologies.
Intermap expanded its commercial offering by adding property valuation and multi-peril analytics to its risk business, which was adopted by eight specialty line insurers in the Czech insurance association.
The Company continued advancing government opportunities across Southeast Asia, North America, South America, the Middle East, and supported follow-on opportunities in Indonesia.
Intermap confirmed its ongoing commitment to the Indonesian government program, which enjoys active support from the World Bank, despite timing delays in the international tendering process.
Revenue for the first six months of 2026 was $3.4 million, a decrease from $7.3 million during the same period in 2025.
Intermap expects to provide updated financial guidance after the closing of the PCI transaction to reflect the financial profile of the combined company.
A conference call to discuss results was held on August 13, 2026, at 5:00 pm ET with Chairman CEO Patrick Blott and CFO Jennifer Bakken.