Intermap Technologies Reports 2015 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)

     

(as restated)

For the three months ended March 31,

2015

 

2014

       

Revenue

$            956

 

$         2,104

       

Expenses:

     
 

Operating costs

4,658

 

5,767

 

Depreciation of property and equipment

242

 

292

 

Amortization of intangible assets

13

 

29

 

4,913

 

6,088

       

Operating loss

(3,957)

 

(3,984)

       

Gain on disposal of equipment

47

 

362

Change in fair value of derivative instruments

29

 

1,229

Financing costs

(1,120)

 

(189)

Financing income

4

 

7

Gain (loss) on foreign currency translation

138

 

(78)

Loss before income taxes

(4,859)

 

(2,653)

       

Income tax (expense) recovery:

     
 

Current

(20)

 

-

 

Deferred

-

 

318

 

(20)

 

318

       

Net loss for the period

$        (4,879)

 

$        (2,335)

       

Other comprehensive loss:

     
       

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

     
 

Foreign currency translation differences

(57)

 

(1)

       

Comprehensive loss for the period

$        (4,936)

 

$        (2,336)

       

Basic and diluted loss per share

$          (0.05)

 

$          (0.03)

       

Weighted average number of Class A common shares - basic & diluted

91,782,665

 

91,613,401


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