Intermap technologies announces Q4 results, year-end results

Intermap technologies announces Q4 results, year-end results

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US: Intermap Technologies on Tuesday announced financial results for the fourth quarter. However, the company’s conference call will be held tomorrow, March 30th, at 11:00 a.m. Eastern Time to discuss the results.

 

In 2015, Intermap's focus was on the continued development of its Orion Platform, and the closing of a large Spatial Data Infrastructure (SDI) contract. The company's Orion Platform is an integral part of any SDI project and Intermap considers itself a leader in SDI capabilities.

"During 2015 we conducted our business in a conservative manner while focusing on the activities that would make us a leader in SDI capabilities across the world. We made advancements in our Orion Platform software, our data aggregation capabilities, our IFSAR data collection technology, and in our professional services competencies," said Todd Oseth, president & CEO of Intermap.

"This investment enabled the Company to receive the largest contract in its history, valued at $175 million. It also creates a building block for SDI contracts in future periods. These large SDI projects typically have initial delivery periods of two to three years, and are designed to generate recurring revenue streams for years to follow. We believe the Company's internal investment during 2015 was necessary to position the Company for future success."

Source: Intermap Technologies