Intermap Reports Low Q1 Revenue, Reaffirms Ambitious Full-Year Guidance

summarizeSummary

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.

check_boxKey Events

• Q1 2026 Revenue Reported

  Total revenue for the first quarter ended March 31, 2026, was $1.4 million.

• Recurring Revenue Exceeds 80%

  Recurring subscription and data revenue represented more than 80% of total revenue for the quarter.

• 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.

• Strong Liquidity Position

  Intermap ended the quarter with approximately $18.8 million in cash and $16.3 million in working capital.

auto_awesomeAnalysis

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.