Intermap Q2 Revenue Falls 33% to $2.0M; PCI Acquisition Closing Pushed to September
ITMSF sits 16% above its 52-week low of $0.595 on light trading volume (0.3× avg).
Summary
Intermap's Q2 revenue fell 33% year-over-year to $2.0 million, with net loss widening to $2.1 million. The PCI Geomatics acquisition is now expected to close by end of September 2026, a month later than previously announced.
Key Events · Earnings and Guidance · ITMSF
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Q2 Revenue Declines 33%
Revenue was $2.0 million in Q2 2026, down from $3.0 million in Q2 2025, driven by the absence of Acquisition Services revenue due to delayed follow-on contract awards in Indonesia.
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Net Loss Widens
Net loss was $2.1 million, or $0.03 per share, compared to a net loss of $0.8 million, or $0.02 per share, in the prior-year quarter.
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PCI Acquisition Closing Delayed
The PCI Geomatics acquisition is now expected to close by the end of September 2026, a month later than the previously announced end of August 2026.
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Value-Added Data Revenue Doubles
Value-added Data revenue increased to $0.7 million from $0.3 million in the prior year, while Software and Solutions prepaid revenue grew 35%.
Analysis · ITMSF · Technology
Intermap reported Q2 2026 revenue of $2.0 million, down from $3.0 million a year earlier, as the absence of Acquisition Services revenue from Indonesia weighed on results. Net loss widened to $2.1 million from $0.8 million. The company also updated the expected closing of its PCI Geomatics acquisition to the end of September 2026, a month later than previously guided. The revenue decline and delayed acquisition closing are the key takeaways for investors.
At the time of this filing, ITMSF was trading at $0.69 on OTC in the Technology sector, with a market capitalization of approximately $50.9M. The 52-week trading range was $0.60 to $2.60. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.