MapsPeople A/S releases Q1 2024 Financial results with strong improvement of EBITDA
MapsPeople A/S | Quarterly Report Company Announcement No. 10 - 2024 Aalborg, May 22, 2024 Q1 2024 Financial Highlights · EBITDA for Q1 2024 was negative tDKK 8,532 compared to negative tDKK 16,650 in Q1 2023, delivering a 49% improvement YoY. QoQ EBITDA improved to negative tDKK 8,532 in Q1 2024 from negative tDKK 14,471 in Q4 2023 · Revenue grew 65% and was tDKK 14,473 in Q1 2024, compared to tDKK 8.759 in Q1 2023. This is a QoQ growth of 39% compared to Q4 2023 (tDKK 10,376) · ARR ended at tDKK 52,845 which is a YoY growth of 52% compared to Q1-2023 (tDKK 34,840). The