Latest news for Intermap Techs (OTC:ITMSF) Stock

Intermap Technologies Corp is a global location-based geospatial intelligence company. It offers end-to-end geospatial services to government and commercial markets with patented sensors and processing technology. Its solutions are used for a range of applications, including flood and wildfire insurance, aviation, telecom, renewables, and railway.

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ITMSF

TSX:IMP

Intermap Technologies (TSX: IMP) (OTC: ITMSF) has 

Intermap Secures Two More Contracts For Colombia&#39;s National Mapping Initiative

Intermap Technologies Corp (TSX: IMP) (OTC: ITMSF) has 

Intermap Secures US Government Multiple Award Schedule Prime Contract

INTERMAP TECHS CORP A by Intermap Technologies Corp.

Intermap Technologies Corp

Intermap Technologies reports Q3 results

Intermap wins major Indonesian mapping contract

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> get a bad rap, but for investors with high risk tolerance, they can provide outsized returns. Many quality businesses start out trading at penny stock levels before surging higher once Wall Street takes notice. Penny stocks present an opportunity to get in early on hypergrowth companies before their core strengths become widely known. That&rsquo;s if you combine it with the right research and selective investing. This has led to this list of penny stocks to turn $5 into $500.</p>



<p>Certain penny stocks trading at depressed levels with strong underlying businesses have asymmetric upside versus downside risk. Moreover, focusing on penny stocks with profitable operations reduces the risk of shareholder dilution eroding returns. With the market dominated by high-flying big tech names, they present a chance to uncover hidden gems before they join the ranks of hot momentum stocks.</p>



<p>I believe penny stocks are an untapped source of potential multibagger returns in today&rsquo;s environment. By investing small amounts into a basket of carefully researched penny stocks exhibiting hypergrowth potential, investors stand to reap huge rewards. For example, turning $5 into $500 would represent a 10,000% return &ndash; the type of home run swing penny stock investing offers compared to conventional assets. Here are seven penny stocks to turn $5 into $500.</p>



<h2>AXT (AXTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div><p><strong>AXT </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/axti-stock-quote/"><strong>AXTI</strong></a>) makes single-element semiconductor substrates with its gradient freeze technology. This enables AXTI to produce high-performance semiconductor substrates and epitaxial wafers used in EVs, wireless devices, LEDs, lasers, optical sensing, and more.</p>



<p>I believe AXTI could be one of the next <a href="https://investorplace.com/industries/technology/semiconductor/">semiconductor stocks</a> to surge, given the growth in semiconductors and investors searching for the next big name in the space before the hype around AI really takes hold.</p>



<p>In fact, AXTI has already climbed 75% in the past month but remains down 73% from its peak and has been essentially flat over the past year. This means there is still substantial upside potential, especially as the company continues to innovate and expand into new markets. For example, AXTI is making advancements with 8-inch gallium arsenide technology to support emerging micro-LED applications, with customer visits planned for next quarter.</p>



<p>The company also sees new demand related to AI, with orders already coming in and expected to drive growth. I believe AXTI offers excellent value right now.</p>



<h2>Intermap Technologies (ITMSF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/penny-stocks-1600-300x169.jpg" alt="A concept image of a penny sitting on a stock chart"><div>Source: Billion Photos / Shutterstock.com</div></div><p><strong>Intermap Technologies</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/itmsf-stock-quote/"><strong>ITMSF</strong></a></span>) is a geospatial intelligence company providing various geospatial solutions and analytics to commercial and government clients. Its offerings include Data-as-a-Service solutions like InsitePro. There is also NEXTMap One, which provides high-precision 3D geospatial data.</p>



<p>Mapping and geospatial data were viewed as a niche mainly for military applications in the past. But they&rsquo;re used across various industries today. For instance, ITMSF recently <a href="https://seekingalpha.com/news/4057256-intermap-wins-major-indonesian-mapping-contract" target="_blank">secured a $20 million contract</a> to map Indonesia&rsquo;s Sulawesi island, with follow-on awards expected. Its Q3 results showed a <a href="https://seekingalpha.com/pr/19535724-intermap-announces-46-percent-increase-in-commercial-revenue-during-third-quarter?hasComeFromMpArticle=false" target="_blank">46% increase in commercial revenue</a>.</p>



<p>The stock is already up 44% year-to-date but essentially flat over the past year. This means ITMSF is starting its recovery with substantial additional upside potential. As the company continues gaining traction with its subscription-based SaaS offerings and lands more government contracts, I believe ITMSF is poised for significant returns. This makes it one of those penny stocks to turn $5 into $500.</p>



<h2>SurgePays (SURG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/penny-stocks-1600-300x169.jpg" alt="Page of newspaper with words penny stocks. high return penny stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div><p><strong>SurgePays</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/surg-stock-quote/"><strong>SURG</strong></a>) is a financial technology company focused on serving the underbanked community in the United States. It provides prepaid wireless service, prepaid debit cards, check cashing, and other financial services through a network of independently owned convenience stores and &ldquo;bodegas.&rdquo; Though not a penny stock by the $5/share definition, SURG definitely qualifies with its small $112 million market cap.</p>



<p>However, I believe SURG has tremendous upside potential that makes it an attractive investment despite its relatively higher share price compared to traditional penny stocks. The company has managed to grow and expand its offerings even in the current turbulent market environment, while many other fintech players have floundered.</p>



<p>SURG achieved a record <a href="https://seekingalpha.com/article/4652890-surgepays-inc-surg-q3-2023-earnings-call-transcript" target="_blank">Q3 net income of $7.1 million</a> and EBITDA of $7.5 million, with over $17 million in net income year-to-date. Profitability margins have also expanded substantially. The company ended Q3 with $12.6 million in cash against only $5.5 million in debt.</p>



<p>It also recently acquired ClearLine Mobile and signed a partnership with SIN PIN targeting the U.S. immigrant population. I believe SURG is significantly undervalued trading at just 4 times 2023 expected earnings. The current discount seems unwarranted, and I expect SURG to surge ahead over the coming year.</p>



<h2>Priority Technology Holdings (PRTH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-lifting-men-figurines-300x169.jpg" alt="penny stocks"><div>Source: Shutterstock</div></div><p>Fintech is one of my favorite sectors right now, and <strong>Priority Technology Holdings</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/prth-stock-quote/"><strong>PRTH</strong></a>) is an ideal way to play the space. PRTH stands to benefit as digital transactions continue growing. Admittedly, e-commerce and online spending have moderated recently amidst the current environment. However, I believe significant pent-up demand remains. Once rates decline and the economy reopens, banks should become much more willing to partner with fintechs.</p>



<p>PRTH has fallen to penny stock levels around $3, after peaking at $8 in 2021. But with the company nearing profitability and expected to deliver double-digit revenue growth, I see this as a prime turnaround setup. Consensus <a href="https://seekingalpha.com/symbol/PRTH/earnings/estimates" target="_blank">estimates call for PRTH&rsquo;s first full year of profitability in 2025</a>, along with EPS recovering from -$0.57 to 22 cents over the next two years.</p>



<p>Trading at just 0.3x forward sales and only 14x 2025 EPS estimates, PRTH looks like a bargain in my view. If the company even comes close to hitting estimates, the stock price has plenty of room to run. With fintech still in the early innings and ongoing digital transformation tailwinds.</p>



<h2>Tetra Technologies (TTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/oil-stocks1600-300x169.png" alt="Oil. 3D Illustration. Oil stocks are up."><div>Source: Pavel Ignatov / Shutterstock.com</div></div><p><strong>Tetra Technologies</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/tti-stock-quote/"><strong>TTI</strong></a>) operates in the energy industry, providing completion fluids and water management services to oil and gas producers. After a turbulent few years, TTI appears to be back on solid ground financially. Although it has cooled off from September&rsquo;s peak of $6.5, TTI remains well above 2021 levels.</p>



<p>Drilling down into the numbers, TTI looks attractively priced for a penny stock. It currently trades at 12x expected 2024 EPS of 32 cents. But looking ahead, <a href="https://seekingalpha.com/symbol/TTI/earnings/estimates" target="_blank">analysts forecast EPS to climb to $1.34 in 2026</a>. That puts the forward P/E ratio at just 3x! TTI also boasts an intriguing lithium development project with <strong>Exxon</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/"><strong>XOM</strong></a>) in Arkansas, adding some diversification to its oil/water recycling business. It&rsquo;s one of those penny stocks to turn $5 into $500.</p>



<p>If TTI can execute and deliver on its long-term profit growth, I believe the stock remains significantly undervalued. While <a href="https://investorplace.com/industries/energy/">energy stocks</a> carry risk, TTI&rsquo;s upside potential outweighs the downside from current levels in my view. I wouldn&rsquo;t be surprised to see TTI become a multibagger over time if management delivers.</p>



<h2>Latham Group (SWIM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/growthstocks1600-2-300x169.png" alt="Creative image of growing coin stacks and candlestick forex chart on blurry background. Trade, money and financial growth concept. Growth stocks. Double exposure"><div>Source: Golden Dayz / Shutterstock.com</div></div><p><strong>Latham Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/swim-stock-quote/"><strong>SWIM</strong></a>) is the largest designer and manufacturer of in-ground pools in North America. With housing demand skewing towards more luxury, pools are becoming increasingly popular. An average pool adds about 7% to a home&rsquo;s resale value. With U.S. housing growing and only 8% of households currently owning a pool, tailwinds exist for the broader swimming pool industry.</p>



<p>SWIM has struggled in 2023 and is expected to see revenue decline slightly again in 2024. But by 2025, analysts forecast EPS <a href="https://seekingalpha.com/symbol/SWIM/earnings/estimates" target="_blank">rebounding from 8 cents to 30 cents</a>, putting the forward P/E at 10x. Margins and bottom-line growth matter most here. And if SWIM can benefit from the strong industry backdrop, I believe its growth trajectory will inflect higher over the next few years. That makes the current valuation highly attractive for long-term investors in my view.</p>



<p>While it may take some patience, SWIM has visible drivers to boost revenue as housing demand normalizes. With the pool market projected to grow with a 6%+ CAGR through 2028, I see SWIM&rsquo;s depressed valuation as an opportunity for big returns down the road.</p>



<h2>Hive Blockchain Technologies (HIVE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/blockchain_tokenization_1600_b-300x169.jpg" alt="An image of a hand holding a cell phone with several visualizations of digital building blocks floating above it. representing sto platforms"><div>Source: Marko Aliaksandr/ShutterStock.com</div></div><p><strong>Bitcoin</strong> (<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) recently hit an all-time high, yet Bitcoin mining stocks remain unloved. With the upcoming halving, many investors fear miner profitability could suffer. However, these miners have been aggressively expanding equipment and stockpiling Bitcoin to maintain hash rates. Once they report these larger Bitcoin holdings, it should drive renewed interest in miners.</p>



<p>As <strong>Hive</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/hive-stock-quote/"><strong>HIVE</strong></a>) stated in a <a href="https://hivedigitaltechnologies.com/news/hive-digital-announces-bitcoin-production-and-hodl-growth-in-february-2024-to-2131-bitcoins/" target="_blank">recent update</a>: the company has increased its Bitcoin holdings by 10% and its HODL position at month end was 2,131 Bitcoin on its balance sheet. For February, they mined 200 Bitcoin, reflecting a 9% monthly increase in mining capacity to 4.2 EH/s.</p>



<p>These metrics showcase Hive&rsquo;s operational efficiency even with the halving on the horizon. And the 10% increase in Bitcoin holdings indicates they are prepared. With Bitcoin in an uptrend, I expect Hive&rsquo;s next quarterly report to showcase substantial asset growth. That should serve as a positive catalyst for the stock.</p>



<p>Mining stocks like Hive remain out of favor and undervalued in my view. But with Bitcoin appearing bullish and Hive&rsquo;s production metrics headed in the right direction, I see big upside from current levels over the long term. All in all, it&rsquo;s one of those penny stocks to turn $5 into $500.</p>



<p><strong><em>On Penny Stocks and Low-Volume Stocks:</em></strong><em>&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em>Read More:&nbsp;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/7-penny-stocks-that-can-turn-your-5-into-500-overnight/">7 Penny Stocks That Can Turn Your $5 Into $500 Overnight</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Penny Stocks That Can Turn Your $5 Into $500 Overnight

Intermap Technologies reports FY results

Intermap Technologies reports Q1 results

AXTI

HIVE

PRTH

SURG

SWIM

Press Releases

Intermap Drives Infrastructure Advancements in Greece and Malawi

Intermap Growing Insurance Business in Eastern Europe

Earnings

Intermap Announces 42% Revenue Growth in the First Quarter

General

Intermap Expands Space Communications Infrastructure Contract

Intermap's Real 3D Data Elevates Video Game Development

Intermap Announces Subscription Renewal with Leading U.S. Telecom Provider

Intermap Technologies Announces Voting Results of the Annual Meeting of Shareholders

Financing

Intermap Announces Private Placement Financing

Intermap Closes First Tranche of LIFE Offering

Intermap Increases Private Placement Financing to Meet Strong Demand

Intermap Techs

<p><strong>Intermap Technologies</strong>&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/IMP#TSX">IMP</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITMSF#OTC">ITMSF</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.prnewswire.com/news-releases/intermap-wins-two-more-contracts-for-national-mapping-initiative-in-colombia-301561611.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">secured two more contracts</a>&nbsp;from the Instituto Geofr&aacute;fico Agust&iacute;n Codazzi (IGAC) to provide digital terrain models (DTMs) to support the Colombian government&#39;s management of natural resources.</p>

<p>Total contracts awarded under the Task Orders to be completed within the next 30 days exceed C$660,000.</p>

<p>The project area covers 38 high-priority municipalities and the area of the Paramillo and Puinawai national natural parks. The second phase contract award is 2.7x larger than the Phase 1 contract. The third phase contract was awarded simultaneously.</p>

<p><strong>Also Read:</strong>&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27527479/intermap-secures-us-government-multiple-award-schedule-prime-contract" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank"><em>Intermap Secures US Government Multiple Award Schedule Prime Contract</em></a></p>

<p>IGAC to use the new high-resolution DTM to support the national government&#39;s management of natural resources, especially water and forestry.</p>

<p>&quot;The multipurpose cadastre program is an opportunity to solve numerous problems related to land management, and a critical planning and information tool to promote the organization, productive use and the proper governance of the nation&#39;s territory,&quot; said Patrick A. Blott, Intermap&#39;s Chairman, and CEO.</p>

<p><strong>Price Action:</strong>&nbsp;IMP shares are trading higher by 6.12% at C$0.52 on TSX, and ITMSF is higher by 5.80% at $0.41 on the last check Monday.</p>

<p><em>Photo Via Company</em></p>
 

Intermap Secures Two More Contracts For Colombia's National Mapping Initiative

<p><strong>Intermap Technologies Corp&nbsp;</strong>(TSX:<a class="ticker" href="https://www.benzinga.com/stock/IMP#TSX">IMP</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITMSF#OTC">ITMSF</a>) has&nbsp;<a class="editor-rtfLink" href="https://www.prnewswire.com/news-releases/intermap-awarded-us-government-multiple-award-schedule-prime-contract-301559959.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">secured a Multiple Award Schedule Contract&nbsp;</a>from the General Services Administration (GSA).</p>

<p><strong>What Happened:</strong>&nbsp;The GSA Multiple Award Schedule, also referred to as the Federal Supply Schedule, is a long-term, U.S. government-wide contract.</p>

<p>The U.S. government spent $39 billion through the GSA Multiple Award Schedule program.</p>

<p><strong>Why It&#39;s Important:&nbsp;</strong>The award gives all Federal Civilian Agencies, the Department of Defense, Federal Agencies, and state and local governments the ability to purchase Intermap&#39;s services and solutions through the GSA Schedule.</p>

<p>&quot;Timely 3D Geospatial data is a critical tool for government agencies to better understand their terrain environment and inform strategic and tactical decision-making. The GSA schedule significantly extends the reach and availability of Intermap&#39;s products and services,&quot; commented Patrick Blott, Intermap&#39;s Chairman, and CEO.</p>

<p><strong>Price Action:&nbsp;</strong>IMP shares are trading higher by 2.04% at C$0.50 on TSX, and ITMSF is higher by 0.23% at $0.40 on the last check Thursday.</p>

<p><em>Photo Via Company</em></p>
 

<p>Intermap Technologies (TSX:<a class="ticker" href="/stock/IMP#TSX">IMP</a>) (OTCQX:<a class="ticker" href="/stock/ITMSF#OTCQX">ITMSF</a>) (&quot;Intermap&quot; or the &quot;Company&quot;), a global leader in geospatial intelligence solutions, today announced that North American insurance monthly recurring revenue (MRR) has grown by 10% since the end of 2020. The growth is fueled by strong renewals, including key InsitePro&reg; clients renewing subscriptions at higher rates.</p>

<p>InsitePro is a SaaS package that delivers property-specific risk analytics for underwriting flood insurance anywhere in the U.S. and Canada, using Intermap&#39;s proprietary, global, 3D elevation data. One of the recent renewals is California Flood Insurance Services in San Diego. &quot;Intermap is a valued partner in our operation,&quot; said Aaron Farmer, President of California Flood Insurance Services. &quot;We love InsitePro because it&#39;s simple to use, and their API platform is seamless with our cloud rating service. Plus, they are always there if we need them.&quot;</p>

<p>The U.S. flood market is one of the largest untapped sources of new premium for insurers, with over $5 billion in unwritten premium available. InsitePro helps insurers move into flood insurance profitably while enabling effective risk diversification.</p>

<p>In addition to flood, InsitePro supports wildfire underwriting. Intermap is partnering with Anchor Point to deliver the National Hazard and Risk Model (No-HARM) wildfire model for the United States. No-HARM model is the most sophisticated and accurate wildfire model available. &quot;We are very excited to be launching Version 4 of No-HARM,&quot; said Chris White, Chief Operating Officer of Anchor Point. &quot;Wildfire behavior is changing almost annually, and we have combined the latest fire science with our extensive fire experience to realize a truly unique model for assessing and pricing wildfire risk. For wildfire, we feel there is no other model that compares with No-HARM for accuracy, innovation or consistency.&quot; Version 4 of No-HARM is available now in InsitePro, which makes complex geospatial models like No-HARM accessible to non-specialized users by eliminating the need for expensive GIS software and large teams of analysts. Underwriters can now manage multiple related perils, like flood and fire, in a 3D+ environment on a global scale, through an intuitive elevation data tool.</p>

<p>The combination of wildfire and flood risk is critical in the western states as they are frequently interrelated. The Colorado School Districts Self Insurance Pool (CSDSIP) is an example of how InsitePro customers combine flood and wildfire risk ratings to better cover their portfolio.</p>

<p>&quot;Intermap&#39;s enterprise software business continues to grow subscription revenue despite the impact of Covid-19,&quot; said Patrick A. Blott, Intermap&#39;s Chairman and CEO. &quot;Recurring revenue has become the foundation for our business, and we continue to grow in insurance in both North America and Europe. Intermap&#39;s InsitePro software is transforming flood risk assessment and wildfire hazard modeling around the world with rapid 3D exploitation and delivery.&quot;</p>

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