On March 19, 2023, MapsPeople released its Annual Report 2023 which announced, among other highlights, a 63% growth in ARR.
2023 Financial Highlights
- ARR grew 63% through 2023 from mDKK 31.8 at the end of 2022 to mDKK 52.0 by the end of 2023.
- The main growth product MapsIndoors ARR grew 103% from mDKK 18.7 at the end of 2022 to mDKK 38.0 by the end of 2023.
- Revenue grew 39% from mDKK 29.1 in 2022 to mDKK 40.5.
- Ebitda for 2023 ended at negative mDKK 59.7 compared to mDKK negative 56.9 in 2022 in line with guidance.
Following the release of the report, MapsPeople CEO, Morten Brøgger, and CFO, Christian Læso, joined HC Andersen Capital on a webcast on March 21 to present the results, highlights for the year, and its expectations for 2024 followed by a Q&A session.
View the webcast from HC Andersen Capital on the presentation of MapsPeople's Annual Report 2023:
