MapsPeople – Presentation of Q3 2023

Yesterday, MapsPeople released its Q3 2023 results following its recent ARR downgrade of the 2023 guidance and update on a capital requirement.

Today, we hosted a virtual live event with MapsPeople's CEO Morten Brøgger and CFO Jesper Lund Tidemand. The management went through the results and achievements of the quarter and gave some nuances to the difficulties that led to the downgrade of this year's ARR guidance. 

MapsPeople is a Software-as-a-Service (SaaS) company with HQ in Aalborg and offices in Copenhagen, München, Austin, and Singapore. MapsPeople has two 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 provides 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 15:25, 15 November 2023.