Brief: Mapspeople A/S Says Revenue Is Expected To Grow To DKK 90 Mln-105 Mln In 2024

MapsPeople A/S

03/05/2023 21:33

May 3 (Reuters) - Mapspeople A/S  MAPSP.CO :
    * REVISED 2023 OUTLOOK, FUNDING AND INTRODUCTION OF 2024
OUTLOOK
    * REVENUE GUIDANCE FOR FY 2023 OF DKK 52-62M
    * CONTINUES TO GUIDE ARR (INVOICED AND DELIVERED ARR) AT END
OF
2023 TO BE DKK 77 - 87M
    * INTRODUCES AN OUTLOOK FOR 2024 WHEREBY ARR IS EXPECTED TO
GROW
TO DKK 110-128M, REVENUE IS EXPECTED TO GROW TO DKK 90-105M
    * EXPECTED 2024 EBITDA OF NEGATIVE DKK 10M TO POSITIVE DKK
5M
    * 2023 EBITDA GUIDANCE IS KEPT AT NEGATIVE DKK 52-62M
    * NOW EXPECTS TO INITIATE A NEW CAPITAL RAISE OF DKK 20-25M
AS
SOON AS POSSIBLE
    * CAPITAL TO BE RAISED IS TO FINANCE TRANSFORMATION FROM
FRAMEWORK
ORDERBOOK TO HIGH ARR GROWTH IN 2023
    * CO HAS DECIDED TO CEASE ITS GUIDANCE ON CONTRACTED ARR,
AND
SOLELY GUIDE ON ARR, ON REVENUE AND ON EBITDA
    * AT PRESENT ARR HAS GROWN TO DKK 48M, FROM DKK 32M AT END
OF 2022

Source text for Eikon:  ID:nWkr6ppynB 
Further company coverage:  MAPSP.CO 

 ((Reuters.Briefs@thomsonreuters.com;))