Intermap Technologies Reports 2012 Fourth Quarter and Year-End Financial Results

 

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

For the year ended December 31,   2012     2011
               
Revenue:          
  Contract services  $ 11,902    $ 10,813
  Data licenses   15,851     13,254
        27,753     24,067
Expenses:          
  Operating costs    23,393     31,376
  Depreciation of property and equipment   1,851     3,377
  Amortization of data library   4,610     4,610
  Amortization of intangible assets   168     495
        30,022     39,858
               
Operating loss   (2,269)     (15,791)
               
Gain on disposal of equipment   34     2,514
Financing costs   (524)     (160)
Financing income   1     3
Loss on foreign currency translation   (233)     (72)
               
Loss before income taxes   (2,991)     (13,506)
               
Income tax (expense) recovery:          
  Current   20     (170)
  Deferred   45     80
        65     (90)
               
Net loss for the period  $ (2,926)    $ (13,596)
               
Other comprehensive loss:          
  Foreign currency translation differences   12     (82)
               
Total comprehensive loss for the period  $ (2,914)    $ (13,678)
               
Basic and diluted loss per share  $ (0.04)    $ (0.19)
               
Weighted average number of Class A           
  common shares - basic and diluted   78,700,809     72,563,227

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