MapsPeople är verksamt inom IT-sektorn. Bolaget är specialiserat inom utveckling av SaaS-lösningar. Programvaran är egenutvecklad och används huvudsakligen för navigering i stora kontorsbyggnader, sjukhus, arenor och universitet. Bolaget har utvecklat sin egen inomhuskarta och navigationsplattform, MapsIndoors, som bolagets kunder använder i sina egna appar och andra system på global nivå.
Today, MapsPeople announced a new debt facility with EIFO of up to DKK 14.9m over a period of up to 75 months. MapsPeople has also implemented a retention and incentive program, issuing a total of 220,000 warrants.
Yesterday, our SaaS newsletter covering news and Q2/H1 financial reports from August was sent out. Looking overall at the global SaaS sector, the growth outlook is still challenged. However, we have observed some relief for the Danish SaaS companies with optimism into H2 2024. Our full blog shows the ARR growth YoY and EBITDA developments for H1 2024 vs. H1 2023 across the Danish SaaS sector.
Today, MapsPeople announced a fully subscribed rights issue, implying that the company raises gross proceeds of DKK 36.025m. With the fully subscribed rights issue, the company is expected to invest in growth activities, including M&A.
Following the Q2 2024 report, we had the pleasure of hosting an event with the management of MapsPeople. Joining us from MapsPeople were CEO Morten Brøgger and CFO Christian Læsø, who presented the Q2 2024 results and provided an update on the ongoing rights issue.
MapsPeople expects to announce its Q2 2024 results on 19 August 2024. MapsPeople’s management will present the financial results and the recent strategic development on 22 August 2024 at 14:30, in a virtual live event. The management presentation will be followed by a Q&A session.
Yesterday, MapsPeople announced its Q2 2024 report with 19% ARR growth YoY and improved EBITDA. We have updated our investment case one-pager with minor changes, including updated valuation multiples across selected Danish-listed SaaS companies.
This morning, MapsPeople reported its Q2 2024 report. Read more about the Q2 results and sign up for the management presentation and Q&A session on Thursday at 14:30.
MapsPeople has announced a rights issue with gross proceeds of approx. DKK 36m, offering 18,012,589 new shares for a subscription price of DKK 2.00 per 1 new share. MapsPeople has secured gross proceeds of at least DKK 34.8m (96.46% of the total offer) through four guarantee commitments and irrevocable subscription undertakings from existing shareholders.
Today, we have sent out the HCA SaaS newsletter for July 2024, providing insights into a very eventful July across the Danish SaaS sector – the Q2 earnings season will take off later in August.
Subject to approval at an Extraordinary General Meeting on 9 August 2024, MapsPeople aims to raise gross proceeds of DKK 30-36m in new capital for its operational plan and growth activities, including M&A activities. The capital raise will be structured as a rights issue, offering new shares with pre-emptive rights for existing shareholders at a subscription price of DKK 2.00 per 1 new share. In yesterday’s trading (25 July 2024), MapsPeople’s share closed at DKK 2.48. Approx. 82% of the total offer size (DKK 36m) has been secured through irrevocable subscription undertakings from existing shareholders and guarantee commitments from certain new investors, implying that MapsPeople has secured gross proceeds of at least DKK 30m.