Intermap Technologies Reports 2014 First 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)

For the three months ended March 31,           2014     2013
                         
Revenue            $ 2,104      $ 5,093
                         
Expenses:                      
  Operating costs             5,767       5,321
  Depreciation of property and equipment             292       359
  Amortization of data library             -       1,152
  Amortization of intangible assets             29       29
                6,088       6,861
                         
Operating loss             (3,984)       (1,768)
                         
Gain on disposal of equipment             362       4
Financing costs              (204)       (222)
Financing income             7       -
(Loss) gain on foreign currency translation             (78)       33
Loss before income taxes             (3,897)       (1,953)
                         
Income tax (expense) recovery:                      
  Current             -       (47)
  Deferred             79       -
                79       (47)
                         
Net loss for the period            $ (3,818)      $ (2,000)
                           
Other comprehensive loss:                      
  Foreign currency translation differences             (1)       (37)
                         
Comprehensive loss for the period            $ (3,819)      $ (2,037)
                         
Basic and diluted loss per share            $ (0.04)      $ (0.03)
                         
Weighted average number of Class A                       
  common shares - basic and diluted              91,613,401       78,887,915

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