“In 2011, Intermap’s strategy of refocusing the company through significant reductions in infrastructure costs and a new approach to how we develop, price, market and sell our products and services, has begun to pay off. We returned to year-over-year growth and we believe Intermap is positioned for positive earnings in the future.” said Todd Oseth, President & CEO of Intermap.“We were able to deliver a 73% increase in total revenue and we achieved this with less than half of the personnel we began the year with. We also saw a significant improvement in our adjusted EBITDA on a year-over-year basis and we expect to see continued improvements in this metric as we progress through 2012. Several contracts received in 2011 produced revenue backlog of $16.2 million going into the new year, all of which is expected to be recognized during 2012. Our sales pipeline has grown for this coming year driven by commercial applications Read More
