Intermap Technologies Reports 2015 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)




For the three months 


For the nine months 




ended September 30,


ended September 30,






(as restated)




2015


2014


2015


2014











Revenue

$

3,750


$

2,710


$

5,425


$

7,167











Expenses:









Operating costs

4,498


4,938


13,995


15,979


Depreciation of property and equipment

248


290


734


877


Amortization of intangible assets

-


25


13


84




4,746


5,253


14,742


16,940











Operating loss

(996)


(2,543)


(9,317)


(9,773)











Gain on disposal of equipment

47


42


94


455

Change in fair value of derivative instruments

(432)


394


(4,075)


1,799

Financing costs

(1,605)


(478)


(3,591)


(988)

Financing income

4


7


8


15

Gain (loss) on foreign currency translation

66


70


90


(51)

Loss before income taxes

(2,916)


(2,508)


(16,791)


(8,543)











Income tax (expense) recovery:









Current  

(3)


-


(23)


-


Deferred

73


-


73


318




70


-


50


318











Net loss for the period

$

(2,846)


$

(2,508)


$

(16,741)


$

(8,225)











Other comprehensive loss:


















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







Foreign currency translation differences

2


(59)


(30)


(58)











Comprehensive loss for the period

$

(2,844)


$

(2,567)


$

(16,771)


$

(8,283)











Basic and diluted loss per share

$

(0.03)


$

(0.03)


$

(0.17)


$

(0.09)











Weighted average number of Class A common









shares - basic & diluted

99,608,527


91,782,665


99,254,035


91,664,876


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