Intermap Q2 revenue falls on Indonesia contract delays

Intermap Technologies

13/08/2026 21:40

Overview
US geospatial intelligence provider's Q2 revenue declined yr/yr due to delayed Indonesia contracts
Net loss widened in Q2 as company continued investing in platform and personnel
Company announced agreement to acquire PCI Geomatics, expanding geospatial platform

Outlook
Company says underlying business outlook remains unchanged, with Indonesia timing as key variable for 2026
Intermap expects to provide updated financial guidance after PCI Geomatics acquisition closes
Company is focused on completing PCI acquisition, integrating technologies, and expanding recurring commercial revenue

Result Drivers
INDONESIA CONTRACT DELAYS - Co said revenue declined due to timing of follow-on contract awards in Indonesia
VALUE-ADDED DATA GROWTH - Value-added Data revenue more than doubled from prior year
ONGOING INVESTMENT - Co continued investing in personnel, technology and infrastructure to support government and commercial growth

Company press release: ID:nGNX7cqtv7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the mining support services & equipment peer group is "buy"
Wall Street's median 12-month price target for Intermap Technologies Corp is C$4.00, about 308.2% above its August 12 closing price of C$0.98
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 10 three months ago

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Aug 11 - Cybersecurity firm Intrusion's Q2 revenue falls 22% yr/yr on government contract delays

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)