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MapsPeople – Presentation of Annual Report 2024
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MapsPeople is set to release its 2024 Annual Report on March 19, 2025. The following day, on March 20 at 12:30 PM, CEO Morten Brøgger and CFO Christian Læsø will present the financial results and discuss recent strategic developments, followed by a Q&A session.
Ahead of the full report, MapsPeople announced preliminary results in late January and adjusted its 2024 guidance on ARR, while reiterating its guidance for revenue and EBITDA. For 2024, MapsPeople now expects to realize an ARR of DKK 58.2 million, revenue in the range of DKK 58–63 million, and EBITDA between negative DKK 26 million and negative DKK 30 million.
For 2025, the company guides for an ARR (December 2025) in the range of DKK 70–80 million and revenue between DKK 66–75 million. The EBITDA outlook for 2025 is expected to be between negative DKK 10 million and negative DKK 20 million. Furthermore, MapsPeople has announced that its 2025 plans will require additional capital of DKK 15–20 million during the year.
With headline 2024 figures and 2025 guidance already disclosed, potential new details regarding the capital raise and how it will support new product innovations could take center stage when the full-year results are presented.
MapsPeople is a Software-as-a-Service (SaaS) company with HQ in Aalborg and offices in Copenhagen, München, Austin, and San Francisco. MapsPeople has two primary revenue streams: MapsIndoors and Other Licenses (including Google Maps). MapsIndoors is an indoor mapping platform that helps make buildings smart in multiple ways. MapsPeople also provide Google Maps licenses and services for companies wishing to integrate Google Maps into their products, apps, websites, etc.
Disclaimer: HC Andersen Capital receives payment from MapsPeople for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis, 13.34, 13 February 2025.