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Intermap Announces 100% Quarterly Revenue Growth Led by

Posted in CartoNews

DENVER, Colo., Aug. 11, 2022 — (PRNewswire) —Intermap Technologies (TSX:IMP[1]) (OTCQX:ITMSF[2]) ("Intermap" or the "Company"), a global leader in 3D geospatial data and intelligence solutions, today announced that second quarter and first half revenue rose more than 100% over 2021. For the quarter and six months ending June 30, 2022, the Company reported revenue of $2.4 million and $4.4 million, compared with $1.2 million and $2.1 million, respectively, for the same periods last year.

Government sales improved to $1.7 million compared with $0.2 million for the prior year. Growth came from domestic and foreign sources. Substantially all government sales during the period were programmatic. Intermap is pursuing government programs of record in North America, Europe, South America and Southeast Asia, which fall under multiyear award contracts that include requirements for large-scale 3D GEOINT to support strategic data infrastructure, which is suitable for Intermap's 3D elevation data.

Commercial sales recognized a 39% increase in subscription-based revenue compared with the second quarter of 2021. Intermap's recurring subscription sales now comprise 32% of total revenue. Unearned Revenue, a balance sheet item, increased to $2.2 million on June 30, 2022 from $1.7 million at December 31, 2021, resulting from an increase in prepaid software subscriptions, representing significant growth in high-margin, cash-generating accounts.

The number of...

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Maxar Technologies Reports Second Quarter 2022 Results

Posted in CartoNews

WESTMINSTER, Colo. — (BUSINESS WIRE) — August 9, 2022 — Maxar Technologies (NYSE: MAXR[1]) (TSX: MAXR[2]) (“Maxar” or the “Company”), a provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced financial results for the quarter ended June 30, 2022.

Key points from the quarter include:

  • Consolidated revenues of $438 million
  • Net loss of $30 million, inclusive of a $53 million loss on debt extinguishment
  • Diluted net loss per share of $0.41
  • Adjusted EBITDA1 of $119 million
  • Operating cash flows of $67 million
  • Awarded a 10-year contract worth up to $3.24 billion as part of the Electro-Optical Commercial Layer Program
  • Refinanced our Credit Facility with new maturities in 2027 and 2029, retired our 2023 Notes and issued new 7.75% Notes due 2027
  1. This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release.

“We made solid progress this quarter on our strategic growth plans,” said Dan Jablonsky, President and Chief Executive Officer. “Our Earth Intelligence segment had a diversified set of bookings across the U.S. government, international allies, and enterprise customers. The Electro-Optical Commercial Layer Program award provides great revenue visibility for Maxar...

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BlackSky Reports Second Quarter 2022 Results

Posted in CartoNews

Revenue up 105% Compared to Prior Year Quarter
Imagery and Software Analytical Services Revenue Grew to 88% of Total Revenue
Won Several Large Multi-Year Contracts with a Total Value up to $1.27 Billion
Company Raises Full Year 2022 Revenue Outlook

HERNDON, Va. — (BUSINESS WIRE) — August 10, 2022 — BlackSky Technology Inc. (“BlackSky” or the “Company”) (NYSE: BKSY[1]), announced results for the second quarter ended June 30, 2022.

Second Quarter Financial Highlights:

  • Revenue of $15.1 million, up 105% from the prior year period
  • Imagery & software analytical services revenue improves 161% over the prior year's quarter and to 88% of total revenues
  • Net loss of $26.3 million
  • Adjusted EBITDA (1) loss of $8.8 million
  • Cash balance (2) at the end of June 2022 was $111.2 million
  • Capital expenditures of $12.1 million

(1) Non-GAAP financial measure. See “Non-GAAP Financial Measures” below and reconciliation table at the end of this release.

(2) Cash balance includes cash and cash equivalents, restricted cash, and short-term investments.

“Second quarter revenue hit an all-time high for the Company, more than doubling over the prior year...

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Trimble RTX Integrity Validates Positioning Data Accuracy to

Posted in CartoNews

Trimble RTX Integrity Validates Positioning Data Accuracy to Support Safety-Critical Applications

SUNNYVALE, Calif., Aug. 11, 2022 — (PRNewswire) — Trimble (NASDAQ:TRMB[1]) introduced today data integrity monitoring for its precise point positioning (PPP) correction service, CenterPoint® RTX Fast. The Trimble RTX Integrity™ monitoring system is an innovative, patented solution, built in direct response to client requirements for production-ready applications. It continuously validates the reliability of correction data processed by the network, which is broadcast to users in the agriculture, geospatial, construction and automotive industries, ensuring positioning data is right the first time. 

Trimble RTX Integrity Validates Positioning Data Accuracy to Support Safety-Critical Applications

Through a unique two-step process, the Trimble RTX Integrity system verifies the integrity of GNSS data received from satellites and filters faulty information in the network server before the data is broadcast. A secondary post-broadcast check is conducted on the entire data transmission process where additional errors may be detected and removed. The integrity monitoring system is fully automated and reacts in seconds to detect, isolate and block faulty data to provide even more highly accurate and reliable positioning.

Trimble RTX Integrity is comprised of independent monitoring stations strategically positioned across RTX Fast networks in the United States, southern Canada and across Europe. These stations continuously monitor data output during multiple stages of the Trimble RTX positioning process. Any suspicious satellite data is removed during...

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NV5 Awarded $13 Million in Geospatial Contracts to Support

Posted in CartoNews

NV5 Awarded $13 Million in Geospatial Contracts to Support California Wildfire Mitigation

HOLLYWOOD, Fla., Aug. 11, 2022 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded two contracts by the University of California (UCSD) and the U.S. Geological Survey (USGS) totaling $13 million to support wildfire studies and mitigation efforts in California.

“The frequency and severity of wildfires in the West continues to grow, and NV5 is the industry leader in geospatial and engineering services to support wildfire mitigation efforts for utilities, government entities, and wildfire response programs,” said Dickerson Wright, PE, Chairman and CEO of NV5. “NV5’s geospatial topographical analysis, vegetation management, power line undergrounding design, and fire hardening design services provide invaluable tools in our clients’ efforts to reduce the number of wildfires and minimize their impacts.”

UCSD selected NV5 for a $6 million contract to acquire topographic lidar and multi-spectral imagery covering 13,269 square miles of the North Sierra Mountain Range. This is the first of a three-phase program envisioned by UCSD in support of its ALERTWildfire Program providing geospatial data that will be used to address significant fire threats throughout the state of California.

USGS awarded NV5 a two-year, $7 million contract to...

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Satellite Imagery: Saki Airbase, Crimea, Ukraine

Posted in CartoNews

European Space Imaging partner, Maxar, collected new satellite imagery yesterday (August 10th) of Saki airbase at Novofedorivka, Crimea, Ukraine that shows the aftermath of the reported attack on the Russian airbase.

In the link provided below, you can download a gallery of images that compare/contrast the airfield and the Su-24 bombers and Su-30 fighters deployed at the airbase before the attack (May 16, 2022 imagery) with yesterday’s imagery. Additionally, we are providing several color infrared images from yesterday which help visually show the extent of the area that was burned by the explosions and fires caused by the attack. As a reminder, with color infrared imagery, burned vegetation appears in shades of black/grey while unburned vegetation looks red/pink.

All images can be used freely but must be attributed. Copyright:

Satellite Imagery © Maxar Technologies Provided by European Space Imaging

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Overview of saki airbase before attack_novofedorivka_crimea 16 May 2022

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02_color infrared overview of saki airbase after attack_fire extent_ novofedorivka_crimea 10 Aug 2022

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03_closer view of aircraft parking area before attack_saki airbase_crimea 16 May 2022

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04_natural color view of damaged aircraft after attack_saki airbase_crimea 10 Aug 2022

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05_color infrared view of damaged aircraft after attack_saki airbase_crimea 10 Aug 2022

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06_close up view...

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Mapping Heat Vulnerability from Satellite Data

Posted in CartoNews

Satellites are being used to measure heat not only on urban heat islands, but also on farms and other locations where rising temperatures are having an impact.

The post Mapping Heat Vulnerability from Satellite Data appeared first on GIS Lounge.

Read more https://www.gislounge.com/mapping-heat-vulnerability-from-satellite-data/

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Garmin Enduro 2 ultraperformance smartwatch adds mapping,

Posted in CartoNews

Garmin Enduro 2 ultraperformance smartwatch adds mapping, touchscreen and its longest-ever battery life

Multisport watch designed for endurance athletes now has LED flashlight, music and enhanced positioning precision—plus up to 150 hours of battery life in GPS mode

OLATHE, Kan. — (BUSINESS WIRE) — August 9, 2022 — Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN[1]), today announced the Enduro™ 2[2] ultraperformance multisport GPS smartwatch. Purpose built for endurance athletes, the rugged yet lightweight Enduro 2 includes built-in TopoActive maps with multicontinent coverage, a superbright LED flashlight and Garmin’s exclusive SatIQ™ technology to help optimize battery performance. What’s more, enhanced solar harvesting provides up to 46 days in smartwatch mode and up to 150 hours in GPS mode1 to outlast the longest ultra race or greatest adventure.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220809005012/en/[3]

Enduro 2 (Photo: Business Wire)

Enduro 2 (Photo: Business Wire)

“Ultraperformance athletes know what commitment means, and Enduro 2 is a trusted tool that can aid and enhance the training and recovery process,” said Dan Bartel, Garmin vice president of global consumer sales. “Now with built-in mapping, music, Garmin best-in-class battery life and growing list of performance features, Enduro 2 is...

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Geo Week Announces 100+ Exhibitors to Date for 2023 Event

Posted in CartoNews

Exhibit Floor Nearly Sold Out for February 2023 Event

PORTLAND, Maine, Aug. 9, 2022  /PRNewswire-PRWeb/ -- Organizers of Geo Week[1], the premier event that champions the coming together of geospatial technologies and the built world, have announced an impressive list of more than 100 exhibitors from around the globe that have already signed on to exhibit at the 2023 event, which will take place February 13-15, 2023 in Denver, CO. The show floor is expected to be completely sold out very soon.

"The nearly sold-out exhibit floor will be comprised of companies representing the best in lidar, reality capture, 3D modeling, point cloud processing, and more," said Lee Corkhill, Group Director at Diversified Communications, organizer of the event. "From the latest in airborne lidar, to tools that help bring together information collected from the ground, drones, and satellites, Geo Week brings once-siloed disciplines together on a single show floor."

The list of exhibitors showcasing best-in-class AEC, 3D and geospatial/lidar technologies is growing daily and currently includes these organizations:

3DEO, Inc.
Advanced Scientific Concepts LLC
Aerial Response Solutions
Aero - Graphics Inc.
Agisoft
AIRtec
AirWise Solutions
AirWorks
Allvision
Applanix
Applied Imagery
ArenaCAD USA
ASPRS
ASTRA Lite, Inc.
ATIS.cloud
AVEVA
Axis GeoSpatial, LLC
Bad Elf
Balko Tech
BayesMap Solutions, LLC
...

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