Tuesday, February 26. 2008

Intermap Stock Slammed Despite Good Earnings Report

Yesterday, Intermap (IMP) took a nose dive losing 13% despite reporting a 55% increase in total revenue to $33.8 million, as compared $21.8 million in 2006. Almost all sectors of the company's business showed stellar results but the decline in share price might be reflected in continued losses even though they were much less at $0.22 per share compared to $0.30 per share in 2006. After reaching a high of near $11 per share last November, the stock tumbled in early January only to recover to about $7.75 per share as late as last week.

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