Asian Surveying & Mapping
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China Launches Earth Observation Satellite Gaofen-13 02 for Remote Sensing
China on Friday sent a new Earth observation satellite...
ISRO to conduct young scientist programme in Bengaluru
The Indian Space Research Organisation (ISRO) is organising a...
Egypt launches second remote-sensing satellite from China
The Egyptian Space Agency’s CEO, Sherif Sedky, announced the...
Israeli-developed DRONE DOME to secure Dubai from aerial attacks
Rafael Advanced Defense Systems Ltd. is supplying the system...
China launches 2nd Horus remote-sensing satellite for Egypt (video)
China has launched a second remote-sensing satellite for Egypt,...
China obstructs new subsea cable to Taiwan
Southeast Asia-Japan Cable 2 connecting Japan, Taiwan, Hong Kong,...
Scientific collaboration between China and US key to tackling climate change, experts say
Efforts to combat climate change bore the brunt of...
ISRO Receives India-US Jointly Built NISAR Earth Observation Satellite, Begins Preparations For Launch
US space agency NASA has handed over NISAR earth...
ISRO conducts parachute deployment tests on rail tracks for Gaganyaan Mission
Indian Space Research Organisation (ISRO) has conducted Rail Track...
OceanX helps Riyadh boost best up-and-comers in GEOINT
The Saudi Space Commission has given OceanX the difficult...

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