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INTERMAP ™ Intermap Reports 19 % Sequential Growth for Q3 2021 Software subscriptions grew 137 % during a year heavily affected by COVID Deployment to Malaysia remains on schedule DENVER , CO , November 16 , 2021 - Intermap Technologies ( TSX : IMP ) ( OTCQX : ITMSF ) ( " Intermap " or the " Company " ) , a global leader in geospatial content development and intelligence solutions , announced third quarter financial results . For the quarter ended September 30 , 2021 , the Company reported revenue of $ 1.4 million , compared with $ 1.2 million last quarter , and $ 0.9 million for the first quarter of 2021 , resulting in continuing strong sequential revenue growth of 19 % . The pandemic caused delays in government- related revenue recognition , but COVID - 19 restrictions are being eased and lifted slowly . As a result , Intermap has commenced deployment to Southeast Asia and remains on schedule to complete acquisition before the end of the year . Software and solutions revenue increased to $ 0.7 million for the quarter ended September 30 , 2021 , compared with $ 0.5 million for the same period in 2020. In addition , subscription - based revenue increased to $ 0.4 million from $ 0.17 million for the same periods , representing a 137 % increase during a year when COVID - 19 disrupted sales efforts for new subscriptions . During the quarter , the Company announced its selection to participate on the USGS GPSC4 contract , an $ 850 million 5 - year IDIQ , which follows Intermap's strong participation on GPSC3 , GPSC2 , and GPSC1 during more than a decade of proven past performance . For all its prior task order awards under USGS GPSC contracts , Intermap completed its work better than specifications , under budget , and in less time than expected . Intermap has qualified as the sole IFSAR provider on several successfully selected teams for GPSC4 and anticipates competing for its share of GPSC4 task orders commensurate with Intermap's past performance . As of the end of the third quarter , the Company had $ 2.7 million of liquidity , composed of cash , accounts receivable , and unbilled revenue . " Intermap reported another strong quarter of contract wins and accelerating top line and bottom line financial performance . We expect to continue this strong momentum through the end of 2021 and beyond , " said Patrick Blott , Intermap's Chairman and CEO . " Our employees and customers around the world have proven their resilience in the face of the COVID - 19 pandemic challenges . Since the start of the year , we've announced major commercial and government wins and we're currently successfully performing on those awards simultaneously on four continents . " The Company's consolidated financial statements for the quarter ended September 30 , 2021 , along with management's discussion and analysis for the corresponding period and related management certifications , are filed on SEDAR at www.sedar.com . For more information about Intermap's geospatial solutions , visit intermap.com/investors to download a presentation . Intermap Reader Advisory Certain information provided in this news release constitutes forward - looking statements . The words " anticipate " , " expect " , " project " , " estimate " , " forecast " , " will be " , " will consider " , " intends " and similar expressions are intended to identify such forward - looking statements . Although Intermap believes that these