Intermap Technologies Reports Q1 Revenue Drop Amid Government Program Delays
Intermap Technologies reported a significant year-over-year drop in first-quarter revenue to CAD 1.4 million from CAD 4.3 million, primarily due to delays in large government programs like those in Indonesia. However, the company highlighted growth in recurring commercial revenue and maintained confidence in its pipeline for future contracts.
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Topics: cash_position commercial_growth government_pipeline revenue_decline