Bullish indicating open at $55-$60, IPO prices at $37
DENVER - Intermap Technologies Corporation (TSX:IMP; OTCQB:ITMSF) announced Wednesday that John (Jack) Hild has retired from his position as an independent member of the company’s Board of Directors and as Director of Intermap Federal Services Inc. The company, which has demonstrated strong financial performance with a "GREAT" financial health score according to InvestingPro, has maintained profitable operations over the last twelve months while trading at attractive valuation multiples.
Hild, who was inducted into the National Geospatial-Intelligence Agency’s Geospatial Intelligence Hall of Fame in 2020, dedicated three decades to the National Geospatial-Intelligence Agency (NGA), including over ten years in senior executive roles. Following his NGA career, he served as CIO and Vice President of Defense and Intelligence Strategy at DigitalGlobe before establishing his own consulting practice.
"It has been an honor and privilege to serve on Intermap’s Board and support the Company’s work in delivering mission-critical solutions to the U.S. and Allied civil, defense and intelligence communities," Hild said in a statement.
During his tenure at Intermap, Hild contributed to the company’s growth by supporting strategic planning and recruitment efforts in the federal services segment. He also received the NGA Distinguished Civilian Award and the Norwegian Defense Medal during his career.
Patrick A. Blott, Intermap Chairman and CEO, acknowledged Hild’s contributions to the company, noting his "insight into the defense and intelligence community has strengthened our strategic direction."
Intermap Technologies, founded in 1997 and headquartered in Denver, specializes in geospatial intelligence solutions with a focus on 3D terrain data creation and analysis. The company’s strong market position is reflected in its robust financial metrics, including a healthy current ratio of 1.48 and minimal debt exposure. According to InvestingPro analysis, which offers comprehensive insights through its Pro Research Reports covering 1,400+ top stocks, the company appears undervalued based on its current Fair Value assessment.
The company stated in its press release that the Board of Directors and management team have extended their gratitude to Hild for his service to the organization. With its strong financial foundation and market position, Intermap continues to demonstrate resilience, maintaining a positive return on invested capital of 17%.
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