MapsPeople: Guidance downgrade for 2022

Today, MapsPeople has downgraded its guidance for the company’s Total Contracted ARR by the end of 2022 to the range of DKK 68-73m (before DKK 75-85m) due to prolonged customer decision-making processes from the macroeconomic uncertainty. The prolonged decision-making processes imply that final decisions from customers are being moved into 2023 according to MapsPeople.
The new guidance range corresponds to a total growth rate between approx. 65% and 78%. In the announcement, MapsPeople also comments on the pipeline of potential new contracts, which is still significant and growing.
MapsPeople maintains its revenue outlook in the range of DKK 26-31m and the EBITDA outlook in the range of DKK -58m and DKK -53m.
Read the full announcement here: https://view.news.eu.nasdaq.com/view?id=b7fcaf0feb1cc6c4fd3610335afd43568&lang=en
HC Andersen Capital receives payment from MapsPeople for a Corporate Visibility/Digital IR subscription agreement. /Kasper Lihn 16:38, 13 Dec 2022.