On August 19, 2024, MapsPeople released its Q2 Report 2024, highlighting a 35% increase in recognized revenue and significant improvements in EBITDA. These results are driven by the company's strategic cost reductions and continued growth in sales efforts.
The company anticipates continued revenue growth in the second half of the year and is on track to achieve cash flow positivity. With a successful capital increase, MapsPeople's growth strategy is fully funded, positioning the company for sustained future success.
Following the release of the Q2 report, MapsPeople CEO, Morten Brøgger, and CFO, Christian Læso, joined HC Andersen Capital on a webcast on August 22nd to present the results.
View the webcast from HC Andersen Capital on the presentation of MapsPeople's Q2 Report 2024:
