Intermap has reported total revenue of $3.5 million for the quarter ending 31 March 2010. It reported $5.5 million in the same period last year.
The company says the decline was the result of lower revenue from its contract services business.
The company said its NextMap revenue continued to grow following last year’s commercial release of NextMap Europe. Its multi-client data library licence revenue was up 95 per cent, from $1.2 million for the first quarter of 2009.
For the first quarter of 2010, Intermap reported a net loss of $11.2 million. In the corresponding period last year, the net loss was $7.0 million.
