DENVER - April 27, 2017 (TSX: IMP) (ITMSF:BB) - Intermap Technologies Corporation (`Intermap` or the `Company`) today reported financial results for the first quarter ended March 31, 2017. For the first quarter of 2017, Intermap reported total revenue of $2.6 million, compared to $1.4 million last year. For the first quarter 2017 and 2016, personnel expense was $1.9 million and $2.7 million, respectively. First quarter adjusted EBITDA, a non-GAAP and non-IFRS financial measure, was negative $0.8 million, compared with negative $2.3 million last year. In addition, the Company announced members of its new senior management team. Jennifer Bakken, a nine year veteran of Intermap, has been...
|
