Brief: Mapspeople Q1 Net Loss Widens To DKK 11.1 Mln

MapsPeople A/S

17/05/2022 12:27

May 17 (Reuters) - Mapspeople A/S  MAPSP.CO :
    * DELIVERS GROWTH OF 87% RESULTING IN A TOTAL ARR GROWTH OF
55%
    * TOTAL ANNUAL RECURRING REVENUE (ARR) REACHED DKK 45.4M AT
END OF
Q1 2022 WHICH IS 55% HIGHER THAN DKK 29.3M AT END OF Q1 2021
    * ARR GUIDANCE HAS NOT CHANGED AND IS STILL EXPECTED IN
RANGE OF
DKK 75-85M FOR 2022
    * CONTINUED FROM 2021 A SYSTEMATIC LEAD GENERATION TOWARDS
STRATEGIC INDUSTRIES AND REGIONS HAS RESULTED IN AN INCREASING
PIPELINE, WITH A HIGH WEIGHT ON PARTNER BASED BUSINESS
    * TOTAL GROWTH IN ARR IS DRIVEN BY GROWTH FROM MAPSINDOORS
REACHING DKK 33.5M AT END OF Q1 2022 WHICH IS 87% HIGHER THAN
DKK 18.0M AT END OF Q1 2021
    * Q1 NET LOSS DKK 11.1 MILLION VERSUS LOSS DKK 9.3 MILLION
YEAR
AGO

Source text for Eikon:  ID:nWkr7216C3 
Further company coverage:  MAPSP.CO 

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