Intermap Technologies Reports 2015 Fourth Quarter and Year-End Financial Results

 

INTERMAP TECHNOLOGIES CORPORATION
Consolidated Statements of Profit and Loss and Other Comprehensive Income
(In thousands of United States dollars, except per share information)

For the years ended December 31,

2015

2014




Revenue

$

8,642

$

8,254




Expenses:




Operating costs

16,860

20,718


Depreciation of property and equipment

974

1,123


Amortization of intangible assets

13

103


17,847

21,944




Operating loss

(9,205)

(13,690)




Gain on disposal of equipment

94

456

Change in fair value of derivative instruments

(2,572)

2,035

Financing costs

(6,661)

(2,006)

Financing income

8

15

Gain on foreign currency translation

136

7

Loss before income taxes

(18,200)

(13,183)




Income tax (expense) recovery:




Current

(27)

-


Deferred

73

383


46

383




Net loss for the period

$

(18,154)

$

(12,800)




Other comprehensive loss:






Items that are or may be reclassified subsequently to profit or loss:




Foreign currency translation differences

(45)

(94)




Comprehensive loss for the period

$

(18,199)

$

(12,894)




Basic and diluted loss per share

$

(0.19)

$

(0.14)




Weighted average number of Class A common




shares - basic & diluted

96,102,755

91,707,540


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