Brief: Mapspeople Updates FY ARR Guidance, Corrects Reported ARR

MapsPeople A/S

13/11/2023 15:07

Nov 13 (Reuters) - Mapspeople A/S  MAPSP.CO :
    * ANNOUNCES ADJUSTED ARR GUIDANCE 2023 AND CORRECTION TO
REPORTED
ARR IN Q1-23 AND Q2-23
    * UPDATED ARR GUIDANCE IS MDKK 58-64
    * GUIDANCE OF RECOGNISED REVENUES (MDKK 38 - 45) AND EBITDA
(NEGATIVE MDKK 52 - 62) REMAINS UNCHANGED
    * ARR IN Q1 2023 IS ADJUSTED FROM REPORTED MDKK 38.9 TO MDKK
34.4
    * ARR IN Q2 2023 IS ADJUSTED FROM REPORTED MDKK 52.9 TO MDKK
46.4
    * CONTINUES TO SEE MARKET GROWING AND DEMAND IMPROVING
    * COMPANY'S REVISED ARR GUIDANCE CONSTITUTES AN ARR GROWTH
IN
RANGE OF 83-102% FOR 2023
    * REALIZED ARR AT END OF Q3 2023 IS OF MDKK 51.4,
CORRESPONDING TO
A GROWTH OF 63% IN FIRST 3 QUARTERS OF 2023

Source text for Eikon:  ID:nWkr52N4Jd 
Further company coverage:  MAPSP.CO 

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