05:00 PM EDT, 03/27/2025 (MT Newswires) -- Intermap Technologies ( ITMSF ) , after trade Thursday said it swung to a fourth-quarter profit as revenue rose six fold.
The company earned $1.5 million in the period, compared with a loss of $1 million in the year-prior quarter.
Revenue rose to $7.4 million, up from $1.2 million a year prior. FactSet expected $8.7 million.
For 2025, the company expects revenue of between $30 million and $35 million, and an adjusted earnings before interest, taxes, depreciation, and amortization margin of about 28%.
"Our 2025 guidance reinforces our commitment to sustainable growth and market leadership, and the C$12 million equity financing that we closed in February gives us the balance sheet to execute on our existing government contracts and advance new opportunities in our pipeline," Chief Executive Patrick Blott said.
The company's shares closed up $0.04 to $2.03 on the Toronto Stock Exchange.