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    Eliot Penn

    Research Analyst at Lazarus Management

    Eliot Penn is a Research Analyst at Lazarus Management, specializing in equity research with a focus on small and micro-cap companies. He has covered companies such as INTERMAP TECHNOLOGIES and participates in earnings calls to provide institutional insight, though comprehensive performance metrics or rankings on platforms like TipRanks are not documented publicly. Details on his career timeline, previous experience, or length of tenure at Lazarus Management, as well as professional credentials such as FINRA registration or securities licenses, are not available in public records. His profile suggests a developing career in investment research with sector coverage and company analysis, but no notable performance statistics or industry recognitions have been published.

    Eliot Penn's questions to INTERMAP TECHNOLOGIES (ITMSF) leadership

    Eliot Penn's questions to INTERMAP TECHNOLOGIES (ITMSF) leadership • Q1 2016

    Question

    Eliot Penn of Lazarus Management requested more detail on the financial aspects of the pending SDI project, asking about the expected profit margins, the level of new investment required in CapEx and hiring, and the potential for additional revenue from customization services.

    Answer

    CEO Todd Oseth stated that while a specific number is difficult to provide, historical acquisition margins are in the 60-plus percent range and software margins are in the high 90s. He noted that any required increase in staffing would be funded by the SDI contract itself. CFO Rich Mohr added that CapEx would be needed for IT infrastructure and aircraft upgrades to increase throughput. Regarding customization, Oseth explained that it could become 'quite material,' with individual 'intelligent queries' ranging from $500,000 to $5 million each.

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