Intermap Technologies Reports 2014 Third Quarter Financial Results


Intermap Technologies corporation
Condensed Consolidated Interim Statements of Profit and Loss and Other Comprehensive Income
(In thousands of United States dollars, except per share information)
(Unaudited)


For the three months
ended September 30,


For the nine months
ended September 30,




2014


2013


2014


2013











Revenue

$         2,710


$         6,355


$         7,167


$       20,325











Expenses:









Operating costs

4,938


5,178


15,979


17,361


Depreciation of property and equipment

290


356


877


1,080


Amortization of data library

-


1,152


-


3,457


Amortization of intangible assets

25


30


84


89




5,253


6,716


16,940


21,987











Operating loss

(2,543)


(361)


(9,773)


(1,662)











Gain on disposal of equipment

42


138


455


342

Financing costs 

(341)


(37)


(853)


(487)

Financing income

7


-


15


-

Gain (loss) on foreign currency translation

70


(198)


(51)


(434)

Loss before income taxes

(2,765)


(458)


(10,207)


(2,241)











Income tax (expense) recovery:









Current  

-


(11)


-


(58)


Deferred

-


-


79


-




-


(11)


79


(58)











Net loss for the period

$        (2,765)


$           (469)


$      (10,128)


$        (2,299)











Other comprehensive (loss) income:









Foreign currency translation differences

(59)


35


(58)


1











Comprehensive loss for the period

$        (2,824)


$           (434)


$      (10,186)


$        (2,298)











Basic and diluted loss per share

$          (0.03)


$          (0.01)


$          (0.11)


$          (0.03)











Weighted average number of Class A common








shares - basic & diluted

91,782,665


88,426,588


91,664,876


82,191,436


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