Asian Surveying & Mapping
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Australian Space Agency funds development of aerospace-grade GNSS receiver
The Australian Space Agency has funded the development of...
Continuity risks for Australian EO data access
A new report details the widespread use of Earth...
China launches new remote sensing satellite
JIUQUAN, April 15 (Xinhua) -- China on Monday launched...
7.4-Magnitude Earthquake Strikes Taiwan
A major, 7.4-magnitude earthquake struck the eastern coast of...
Tata Deploys Its Geospatial Satellite In Space on Space X’s Falcon 9 Rocket
THIRUVANANTHAPURAM: Tata Company launched India's first private commercial satellite...
Taiwan’s Formosat-8 Satellite Set for Launch by 2025
The Taiwan Space Agency has announced progress on the...
Iranian Scientists to Build Satellite Constellation for 2 Simultaneous Missions
The scientists at the knowledge-based company had previously succeeded...
China provides geospatial intel and other military support to Russia, US says
The US has warned its European allies that China...
Japanese lunar lander company ispace raises $53.5 million in stock sale
WASHINGTON — Japanese lunar lander developer has raised $53.5...
Esri and Prince Sultan University Advance GIS Education Through Strategic Partnership
Memorandum of Understanding with Institution Enhances GIS Curriculum and...

November 10th, 2011
Intermap Technologies Reports 2011 Third Quarter Results

Revenue for the third quarter of 2011 was $8.1 million, a 419% increase from $1.6 million recorded in the same period of 2010. $3.2 million was attributable to the Company’s contract services business and $4.9 million was attributable to the licensing of the Company’s NEXTMap(R) database, which now includes data from LiDAR, satellite imagery, and 3D city models. As of September 30, 2011, there remained $16.8 million in revenue from existing contracts ($6.3 million in contract services and $10.5 million in data licenses contracts) to be recognized beginning in the fourth quarter of 2011, but primarily during the first three quarters of 2012. Subsequent to the close of the third quarter, Intermap announced the receipt of additional contracts for NEXTMap data and related services totaling more than $2.0 million. Revenue will be recognized on these contracts beginning in the fourth quarter of this year and subsequent deliveries are scheduled to occur throughout 2012. Read More