Intermap Reports Low Q1 Revenue, Reaffirms Ambitious Full-Year Guidance
ITMSF sits 68% above its 52-week low of $0.87.
Summary
Intermap reported Q1 2026 revenue of $1.4 million, but reaffirmed its full-year guidance of $30-35 million, signaling expected significant revenue acceleration from government contracts.
Key Events · Earnings and Guidance · ITMSF
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Q1 2026 Revenue Reported
Total revenue for the first quarter ended March 31, 2026, was $1.4 million.
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Recurring Revenue Exceeds 80%
Recurring subscription and data revenue represented more than 80% of total revenue for the quarter.
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Full-Year 2026 Guidance Reaffirmed
The company reiterated its previously announced 2026 guidance of $30-35 million in revenue and a 28% EBITDA margin, despite the low Q1 revenue.
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Strong Liquidity Position
Intermap ended the quarter with approximately $18.8 million in cash and $16.3 million in working capital.
Analysis · ITMSF · Technology
Intermap's Q1 2026 revenue of $1.4 million was significantly lower than the implied run rate for its full-year guidance of $30-35 million. However, management reiterated this guidance, indicating strong confidence in converting its government pipeline and accelerating revenue in subsequent quarters. The company also highlighted over 80% recurring revenue and a healthy cash position, suggesting operational stability despite the slow start to the year.
At the time of this filing, ITMSF was trading at $1.47 on OTC in the Technology sector, with a market capitalization of approximately $106.3M. The 52-week trading range was $0.87 to $2.60. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.