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.
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.
MapsPeople expects to announce its Q2 2024 results on 21 August 2024. MapsPeople’s management will present the financial results and the recent strategic development on the following day, 22 August 2024 at 14:30, in a virtual live event. The management presentation will be followed by a Q&A session.
This year, the software (SaaS) sector has not ridden the AI wave. Some investors have raised the question of whether AI could harm the growth prospects for the software sector, while others dismiss this thesis due to software companies' strong use cases. At our online SaaS seminar this Tuesday, we got interesting insights from both SaaS investors and SaaS companies.
Today, we have sent out the HCA SaaS newsletter for May 2024 which provides a status for the year following the Q1 2024 results and comments about the current market environment. The median ARR multiple increased slightly to 3.6x ARR in May for the Danish SaaS sector, while the global/US SaaS sector is trading at 5.9x ARR, now the lowest level since 2013 according to data from The SaaS Capital Index. Remember to sign up for our SaaS seminar on Tuesday with both SaaS investors and management members from Danish SaaS companies.
Yesterday, MapsPeople announced its Q1 2024 report with ARR growth of 52% YoY and an improved EBITDA. After the report, we have updated the investment case one-pager with recent market data.
Today, MapsPeople’s CEO Morten Brøgger and CFO Christian Læsø presented the results for the first quarter of 2024, product launches, and the expectations for the rest of the year.
MapsPeople expects to announce its Q1 2024 report on 22 May 2024. MapsPeople’s management will present the financial results and the recent strategic development on the following day 23 May 2024 at 10:00 in a virtual live event. The management presentation will be followed by a Q&A session.
Today, MapsPeople released its Q1 2024 report, which showed ARR growth of 52% YoY in line with this year's guidance of 38-54% growth, and earnings that improved after cost programs.
Today, we are publishing our latest Software-as-a-Service (SaaS) sector report, covering the recent news and thematics from the SaaS sector with insights into our comprehensive data set over Danish-listed SaaS companies.