Watch the October 8 investor call for details on integration milestones and Indonesia RFB timeline. The $150 million+ Indonesia credit support is a binary catalyst — if awarded, it would significantly exceed current commercial revenue guidance.
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Executive Summary
Intermap completed its acquisition of PCI Geomatics for $7.7 million in cash, doubling recurring revenue and adding 30,000+ licenses across 150+ countries. The company introduced 2027 commercial revenue guidance of $12-$15 million (+100% growth) with ~$5 million Adjusted EBITDA, excluding government contracts. The deal expands Intermap's capabilities into distributed edge processing and optical image processing, creating a vertically integrated geospatial intelligence platform.
Key Facts
- Acquisition of PCI Geomatics closed on October 7, 2026 for $7.7 million cash
- 2027 commercial revenue guidance of $12-$15 million (+100% growth) with 50%+ contribution margins
- 2027 Adjusted EBITDA guidance of approximately $5 million
- Post-closing liquidity of ~$14 million, plus >$150 million third-party credit support for Indonesia RFB
- Adds 30,000+ installed licenses across 150+ countries
- Doubles recurring revenue and extends into distributed edge processing and optical image processing
- Government procurements excluded from 2027 guidance due to uncertain timing
Financial Impact
$7.7 million cash acquisition; 2027 commercial revenue guided to $12-$15 million (100% growth) with ~$5 million Adjusted EBITDA
Risk Factors
- Government procurement timing uncertainty — Indonesia RFB and other contracts excluded from guidance
- Integration risk combining PCI's 30,000+ licenses with Intermap's AI/ML platform
- Forward-looking guidance depends on successful commercial ramp and no major contract delays
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-006510 |
| Document: f6k_100726.htm | 0001171843-26-006510 |
| Document: 0001171843-26-006510-index-headers.html | 0001171843-26-006510 |
| Document: 0001171843-26-006510-index.html | 0001171843-26-006510 |
| Document: 0001171843-26-006510.txt | 0001171843-26-006510 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 6-K | $0.5500 | awaiting T+20 | — | $0.5500 (+0.00%) |
Oct 7, 2026 18d ago | 6-K | $0.6100 | awaiting T+20 | — | $0.5500 (−9.84%) |
Sep 28, 2026 28d ago | 6-K | $0.6500 | awaiting T+20 | — | $0.5500 (−15.38%) |
Sep 21, 2026 5w ago | 6-K | $0.6500 $0.5700 | ▼ −12.31% | ▼ −11.40% | $0.5500 (−15.38%) |
Aug 18, 2026 9w ago | 6-K | $0.7400 $0.6400 | ▼ −13.51% | ▼ −12.52% | $0.5500 (−25.68%) |
Aug 13, 2026 10w ago | 6-K | $0.7300 $0.6800 | ▲ +6.85% | ▲ +4.86% | $0.5500 (+24.66%) |
Aug 11, 2026 10w ago | 6-K | $0.6800 $0.7410 | ▲ +8.97% | ▲ +10.03% | $0.5500 (−19.12%) |
Aug 11, 2026 10w ago | 6-K | $0.6800 $0.7410 | ▲ +8.97% | ▲ +10.03% | $0.5500 (−19.12%) |
Aug 6, 2026 11w ago | 6-K | $0.7200 $0.7200 | · 0.00% | ▲ +0.40% | $0.5500 (−23.61%) |
Jul 29, 2026 12w ago | 6-K | $0.7200 $0.7200 | · 0.00% | ▼ −5.02% | $0.5500 (−23.61%) |
US Market Status
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