MapsPeople (One-pager): Cost optimization is showing its effects
Yesterday, MapsPeople announced its Q1 2024 report with ARR growth of 52% YoY and an improved EBITDA. After the report, we have updated the investment case one-pager with recent market data.
You can also watch today's management presentation of the Q1 2024 report with MapsPeople’s CEO Morten Brøgger and CFO Christian Læsø here: https://www.inderes.dk/videos/mapspeople-presentation-of-q1-report-2024
Disclaimer: HC Andersen Capital receives payment from MapsPeople for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 15:00, 23 May 2024.
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MapsPeople
MapsPeople is a Software-as-a-Service (SaaS) company focusing on digital mapping for indoor navigation. The two primary revenue streams are 1) MapsIndoors which is MapsPeople’s own developed mapping solution for indoor navigation 2) Google Maps partnership with Google. MapsIndoors is the key segment with high double-digit growth rates, and the Google Maps segment is expected to be a more steady business going forward. MapsPeople has a global presence with offices in Denmark, Germany, Singapore and United States, and customers include some of the largest brands in the world. The company has been listed at Nasdaq First North Premier in Denmark since June 2021.
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