March 3, 2011 / 9:40 PM / 6 years ago

UPDATE 1-Intermap Technologies Q4 loss widens

* Q4 loss/shr $1.13 vs loss/shr $0.15 last year

* Q4 total revenue fell 56 percent to $3.6 million

* Says to deliver contracts worth $17 mln in 2011 (Adds details)

March 3 (Reuters) - Canada's Intermap Technologies , a digital mapping company, reported a higher fourth-quarter loss, as revenue from its contract services segment plunged 84 percent.

Intermap, which makes high-resolution 3D digital models of the earth's surface, reported a loss of $63.8 million, or $1.13 a share, in the October-December quarter, compared with a loss of $7.6 million, or 15 cents a share, a year ago.

The company posted a 56 percent drop in revenue to $3.6 million, as contract services revenue shrank to $0.8 million from $4.9 million in the year-ago period.

Shares of Intermap, which has been posting losses for the past five years, have shed about 75 percent in the past year.

The stock closed at 54 Canadian cents on Thursday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Saumyadeb Chakrabarty)

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