MapsPeople – Presentation of Q3 quarterly report 2022
MapsPeople is expected to announce its Q3 2022 results on 22 November 2022. The company’s new CEO per November 1st, Morten Brøgger, former CEO and member of the Board of Directors Michael Gram, and Chairman Lars H. Brammer will present the results in a live virtual event with a Q&A session on 24 November at 11:30 AM where you can get an update on the recent business development, SaaS metrics, and insights about the current market conditions.
In the latest Q2 2022 report, MapsPeople reached a total annual recurring revenue (ARR) of DKK 51.4m (growth rate of 61% YoY), primarily driven by 93% growth rate in the key business area MapsIndoors with most growth coming from international partners. ARR guidance by the end of 2022 was maintained at DKK 75-85m, corresponding to a total growth rate between 82% and 107% YoY.
As MapsPeople expects to accelerate its growth in the second half of 2022 to reach its guidance, focus will be on the recent development as well as the pipeline when looking into the last quarter of the year. With a new CEO taking over from 1 November 2022, a natural focus will also be whether there are any changes in the overall strategy.
MapsPeople is a global Software-as-a-Service (SaaS) company focusing on digital mapping for indoor navigation and a Google Premier Partner.
HC Andersen Capital receives payment from MapsPeople for a Corporate Visibility/Digital IR subscription agreement. /Kasper Lihn 10:00 AM 18-oct-2022. (Updated 17 November 2022 2.36PM.)