Intermap Technologies Corp revenue dropped on 18.4% in 2016
23.03.2017 • About Intermap Technologies Corp (
$IMP) • By InTwits
Intermap Technologies Corp reported FY2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Intermap Technologies Corp is a company in decline: FY2016 revenue growth was -18.4%, 5 years revenue CAGR was -21.8%
- Intermap Technologies Corp motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2012-FY2016 was 0.0%. On average EBITDA Margin was -19.7% for the sames years0
- It operates with high leverage: Net Debt/EBITDA is 5.4x while industry average is -4.9x
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Intermap Technologies Corp ($IMP) key annual financial indicators
| mln. $ | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 27.753 | 24.442 | 8.254 | 8.642 | 7.049 | -18.4% |
| Gross Profit | -2.101 | -4.686 | -13.587 | -8.218 | | |
| EBITDA | 4.360 | 1.345 | -12.464 | -8.218 | | |
| Net Income | -2.926 | -13.529 | -12.800 | -18.154 | -17.743 | |
Balance Sheet
|
|---|
| Cash | 2.055 | 2.420 | 0.537 | 0.000 | | |
| Short Term Debt | 1.154 | 1.303 | 6.612 | 10.283 | | -100.0% |
| Long Term Debt | 0.923 | 0.192 | 0.218 | 7.508 | | -100.0% |
Cash flow
|
|---|
| Capex | 0.288 | 0.780 | 0.609 | 0.050 | | -100.0% |
Ratios
|
|---|
| Revenue growth | 15.3% | -11.9% | -66.2% | 4.7% | -18.4% | |
| EBITDA growth | -159.7% | -69.2% | -1,026.7% | -34.1% | | |
| Gross Margin | -7.6% | -19.2% | -164.6% | -95.1% | | 95.1% |
| EBITDA Margin | 15.7% | 5.5% | -151.0% | -95.1% | 0.0% | 95.1% |
| Net Income Margin | -10.5% | -55.4% | -155.1% | -210.1% | -251.7% | -41.6% |
| CAPEX, % of revenue | 1.0% | 3.2% | 7.4% | 0.6% | | -0.6% |
| ROIC | -10.3% | -34.8% | -359.9% | | | 0.0% |
| ROE | -15.1% | -112.5% | | | | 0.0% |
| Net Debt/EBITDA | 0.0x | -0.7x | | | | 0.0x |
Intermap Technologies Corp ($IMP) key quoterly financial indicators
| mln. $ | FY16Q1 | FY16Q2 | FY16Q3 | FY16Q4 | YoY change |
|---|
P&L
|
|---|
| Revenue | 1 | 1 | 3 | 1 | 50.4% | 20.2% | -13.3% | -53.6% |
| EBITDA | -2 | -3 | -1 | -2 | | | | -686.9% |
| Net Income | -9 | -4 | -2 | -0 | | | | |
Balance Sheet
|
|---|
| Short Term Debt | 18 | 23 | 29 | 7 | 600.1% | 84.0% | 240.3% | -30.7% |
| Long Term Debt | 8 | 8 | 7 | 22 | 0.1% | 3,148.5% | -0.2% | 193.4% |
Ratios
|
|---|
| Gross Margin | -173.5% | -376.2% | -26.5% | -75.3% | 213.7% | 196.9% | -6.6% | -86.2% |
| EBITDA Margin | -173.5% | -376.2% | -26.5% | -138.3% | 213.7% | 196.9% | -6.6% | -149.2% |
| Net Income Margin | -647.8% | -437.6% | -61.8% | -12.0% | -137.4% | 816.3% | 14.1% | 31.9% |
Revenue and profitability
Intermap Technologies Corp's Revenue dropped on 18.4%. Revenue decline showed acceleration in FY16Q4 - it was 53.6% YoY.
Net Income marign dropped on 41.6 pp from -210% to -252% in FY2016.
Appendix 1: Peers in Technology
Below you can find Intermap Technologies Corp benchmarking vs. other companies in Technology industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
Top companies by Revenue growth, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Intrinsyc Technologies Corp ($ITC) | | -21.7% | 70.8% | 24.5% | 39.2% |
| ProntoForms Corp ($PFM) | | 75.4% | 43.9% | 46.4% | 28.2% |
| Kinaxis Inc ($KXS) | | 30.3% | 15.2% | 30.3% | 27.0% |
| NexJ Systems Inc ($NXJ) | | 4.3% | -12.6% | 19.7% | 17.3% |
| Constellation Software Inc/Canada ($CSU) | | 35.9% | 37.9% | 10.1% | 15.6% |
| |
|---|
| Median (11 companies) | | 2.3% | 15.2% | 12.8% | 15.3% |
|---|
| Intermap Technologies Corp ($IMP) | | -11.9% | -66.2% | 4.7% | -18.4% |
Top companies by Gross margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Constellation Software Inc/Canada ($CSU) | 86.2% | 85.5% | 86.1% | 86.2% | 87.1% |
| ProntoForms Corp ($PFM) | 96.1% | 98.1% | 98.0% | 79.4% | |
| Espial Group Inc ($ESP) | 77.5% | 81.7% | 78.5% | 74.3% | 74.7% |
| Halogen Software Inc ($HGN) | 72.0% | 74.8% | 71.8% | 73.8% | 76.2% |
| Kinaxis Inc ($KXS) | 71.8% | 70.4% | 70.4% | 71.8% | 69.1% |
| |
|---|
| Median (11 companies) | 71.9% | 63.0% | 70.4% | 70.7% | 71.9% |
|---|
| Intermap Technologies Corp ($IMP) | -7.6% | -19.2% | -164.6% | -95.1% | |
Top companies by EBITDA margin, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Wi-LAN Inc ($WIN) | 40.9% | 12.2% | 56.2% | 53.2% | 57.8% |
| Kinaxis Inc ($KXS) | 18.7% | 23.0% | 19.2% | 28.0% | 17.6% |
| Constellation Software Inc/Canada ($CSU) | 20.9% | 20.1% | 21.8% | 25.2% | 26.0% |
| Intrinsyc Technologies Corp ($ITC) | -10.5% | -38.8% | 2.2% | 10.8% | |
| Mitel Networks Corp ($MNW) | 10.2% | 10.0% | 7.0% | 7.7% | |
| |
|---|
| Median (13 companies) | -6.7% | 2.2% | 4.5% | 2.1% | 7.1% |
|---|
| Intermap Technologies Corp ($IMP) | 15.7% | 5.5% | -151.0% | -95.1% | |
Top companies by CAPEX/Revenue, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Kinaxis Inc ($KXS) | 2.9% | 2.3% | 5.0% | 4.7% | 5.0% |
| Halogen Software Inc ($HGN) | 4.9% | 9.0% | 8.4% | 2.9% | 2.6% |
| Espial Group Inc ($ESP) | 1.6% | 0.2% | 1.9% | 2.1% | 1.5% |
| ProntoForms Corp ($PFM) | 1.1% | 0.8% | 3.6% | 1.9% | |
| Critical Control Energy Services Corp ($CCZ) | | 0.5% | 1.0% | 1.6% | |
| |
|---|
| Median (13 companies) | 1.2% | 0.9% | 1.2% | 1.4% | 1.0% |
|---|
| Intermap Technologies Corp ($IMP) | 1.0% | 3.2% | 7.4% | 0.6% | |
Top companies by ROIC, %
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Constellation Software Inc/Canada ($CSU) | 45.9% | 22.4% | 24.7% | 38.5% | 40.5% |
| Kinaxis Inc ($KXS) | | 61.8% | 63.6% | 44.0% | 22.6% |
| Halogen Software Inc ($HGN) | | -28.4% | -45.9% | -40.5% | 12.6% |
| Wi-LAN Inc ($WIN) | 2.6% | -7.6% | 8.9% | 7.4% | 8.4% |
| NexJ Systems Inc ($NXJ) | | -44.6% | -19.8% | -13.9% | 4.5% |
| |
|---|
| Median (13 companies) | -2.4% | -12.5% | 0.9% | -1.2% | 8.4% |
|---|
| Intermap Technologies Corp ($IMP) | -10.3% | -34.8% | -359.9% | | |
Top companies by Net Debt / EBITDA
| Top 5 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|
| Mitel Networks Corp ($MNW) | 3.7x | 3.8x | 2.6x | 6.2x | |
| Pivot Technology Solutions Inc ($PTG) | | -0.4x | 1.1x | 4.8x | |
| Constellation Software Inc/Canada ($CSU) | 0.0x | 1.6x | 0.6x | 0.4x | -0.0x |
| Wi-LAN Inc ($WIN) | -4.9x | -12.1x | -2.3x | -1.7x | -2.0x |
| Kinaxis Inc ($KXS) | 1.9x | 4.7x | -4.2x | -3.9x | -6.3x |
| |
|---|
| Median (7 companies) | 1.9x | 1.6x | -0.8x | -1.7x | -6.3x |
|---|
