Aug. 14 at 1:45 PM
$ITMSF $IMP.TO
•
$16.2M cash /
$12.6M WC despite
$2.2M YTD inv in aircraft, sensors, processing + AI
• Prepaid SW +35%; value-added data rev >2x
• PCI = C
$11M cash, adds material recur subs rev + cash flow
• Asked if PCI/liquidity is underwritten WITHOUT near-term Indonesia cash. Blott: “And then some, yes.” Biggest takeaway IMO.
• Indo confidence high. World Bank actively involved + IMP has several X req liquidity from lenders/capital providers
• If Indo awards this yr + IMP wins, Blott says
$30M guidance likely “conservative”
• PCI: 500+ satellites + 1,000s of workflows + edge processing/APIs combined w/ IMP’s 3D/elevation/AI. Blott says it improves positioning “across the board”
• Another national mapping POC WON, expect to lead to a national program
• Defense/PNT progressing; DARPA converted + Luno task orders continue
I get frustration, delays suck, but IMO the Co is NOT dependent on Indo. Growing recur rev + cash-flow positive PCI + defense + other national Map programs