HC Andersen Capital Event 24/11: Meet the top management in MapsPeople

HC Andersen Capital is hosting a digital event where you can meet and ask questions directly to the top management. It is free for all to attend.

MAPSPEOPLE – PRESENTATION OF Q3 QUARTERLY REPORT 2022

On November 22, MapsPeople announced its Q3 financial report, reaching a total ARR of DKK 56.8m at the end of the quarter. This corresponds to a growth rate of 61% YoY (the same growth rate as Q2 2022 YoY). As expected, growth is primarily driven by the segment MapsIndoors, which has reached a total ARR of DKK 45.0m, corresponding to a growth of 89% YoY (93% growth rate in Q2 2022). MapsPeople maintains guidance for 2022.

Other SaaS metrics for MapsIndoors are still solid with a net revenue retention rate (NRR) of 119% YoY (121% in Q3 2021 and recently 113% in Q2 2022). MapsIndoors' churn and contraction are 7% YTD.

Looking at the expectations for 2022, ARR guidance remains unchanged in the range of DKK 75-85m for 2022, which implies that MapsPeople must deliver a very strong Q4 2022 to reach the guidance range. Outlook for revenue of DKK 26-31m and EBITDA of between DKK -58m and -53m also remain unchanged.

MapsPeople’s new CEO Morten Brøgger, former CEO and current board member Michael Gram, as well as Chairman Lars Brammer, will present the financial results at a virtual event today at 11:30

Thursday 24 November 11:30-12:00

Sign up here: Link

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Disclaimer: HC Andersen Capital receives payment from MapsPeople for a DigitalIR/Corporate Visibility agreement. The content is not buy or sell recommendations.

Mie Halse
Head of Digital and Events
mie@hcandersencapital.dk
+45 28746640

#DigitalIR is the digitalization of the relationship between investors and stock-listed companies. #DemocraticIR is the basic idea that all investors should have access to equal information.