New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr.59.6m (US$9.32m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-kr.47m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (kr.59.6m market cap, or US$9.32m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • May 22
First quarter 2025 earnings released: kr.0.12 loss per share (vs kr.0.16 loss in 1Q 2024) First quarter 2025 results: kr.0.12 loss per share (improved from kr.0.16 loss in 1Q 2024). Revenue: kr.15.0m (up 4.0% from 1Q 2024). Net loss: kr.11.5m (loss narrowed 7.4% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. New Risk • May 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr.66.5m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-kr.36m). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (kr.66.5m market cap, or US$9.93m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • May 14
Mapspeople A/S has completed a Follow-on Equity Offering in the amount of DKK 39.043779 million. Mapspeople A/S has completed a Follow-on Equity Offering in the amount of DKK 39.043779 million.
Security Name: Share
Security Type: Common Stock
Securities Offered: 43,381,977
Price\Range: DKK 0.9
Transaction Features: Subsequent Direct Listing New Risk • Apr 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr.67.5m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr.38m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-kr.36m). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (kr.67.5m market cap, or US$9.90m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Reported Earnings • Mar 06
Full year 2024 earnings released: kr.0.53 loss per share (vs kr.1.05 loss in FY 2023) Full year 2024 results: kr.0.53 loss per share (improved from kr.1.05 loss in FY 2023). Revenue: kr.62.4m (up 54% from FY 2023). Net loss: kr.49.6m (loss narrowed 28% from FY 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Mar 06
Mapspeople A/S Provides Earnings Guidance for the Fiscal Year 2025 Mapspeople A/S provided earnings guidance for the fiscal year 2025. for the year, the company expects revenues of DKK 66 million - DKK 75 million corresponding to 6% - 20% growth. Announcement • Mar 05
Mapspeople A/S to Report Fiscal Year 2025 Results on Mar 11, 2026 Mapspeople A/S announced that they will report fiscal year 2025 results on Mar 11, 2026 Announcement • Jan 28
Mapspeople A/S Provides Earnings Guidance for the Year 2025 Mapspeople A/S provided earnings guidance for the year 2025. For the year, company expected Revenue outlook the range of DKK 66 Million - DKK 75 Million. Revenue for 2024 will be announced in connection with the Annual report 2024, which is planned to be released on March 19th 2025. Announcement • Nov 20
Mapspeople A/S (CPSE:MAPS) acquired Point Consulting Pte. Ltd. for DKK 9.3 million. Mapspeople A/S (CPSE:MAPS) signed a definitive agreement to acquire Point Consulting Pte. Ltd. for DKK 9.3 million on October 23, 2024. A cash consideration of DKK 4.88 million will be paid by Mapspeople A/S. The consideration consists of new common equity of Mapspeople A/S having a value of DKK 1.22 million to be issued for common equity of Point Consulting Pte. Ltd. Mapspeople A/S will pay an earnout/contingent payment of DKK 2.1 million cash and of DKK 1.1 million new common equity. As part of consideration, DKK 9.3 million is paid towards common equity of Point Consulting Pte. Ltd.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is November 2024. Jesper Skaarup Vestergaard of Grant Thornton Corporate Finance acted as financial advisor for Mapspeople A/S.
Mapspeople A/S (CPSE:MAPS) completed the acquisition of Point Consulting Pte. Ltd. on November 18, 2024. Reported Earnings • Nov 15
Third quarter 2024 earnings released: kr.0.12 loss per share (vs kr.0.26 loss in 3Q 2023) Third quarter 2024 results: kr.0.12 loss per share (improved from kr.0.26 loss in 3Q 2023). Revenue: kr.14.8m (up 38% from 3Q 2023). Net loss: kr.10.5m (loss narrowed 35% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. Announcement • Oct 24
Mapspeople A/S (CPSE:MAPS) agreed to acquire Point Consulting Pte. Ltd. for DKK 8.1 million. Mapspeople A/S (CPSE:MAPS) signed a definitive agreement to acquire Point Consulting Pte. Ltd. for DKK 8.1 million on October 23, 2024. A cash consideration of DKK 4.24 million will be paid by Mapspeople A/S. The consideration consists of new common equity of Mapspeople A/S having a value of DKK 1.06 million to be issued for common equity of Point Consulting Pte. Ltd. Mapspeople A/S will pay an earnout/contingent payment of DKK 1.8 million cash and of DKK 1 million new common equity. As part of consideration, DKK 8.1 million is paid towards common equity of Point Consulting Pte. Ltd.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is November 2024. Jesper Skaarup Vestergaard of Grant Thornton Corporate Finance acted as financial advisor for Mapspeople A/S. Announcement • Aug 21
Mapspeople A/S Reaffirms Earnings Guidance for the Year 2024 Mapspeople A/S reaffirmed earnings guidance for the year 2024. 2024 guidance remains unchanged at: End of 2024 ARR in the range of DKK 72 million - DKK 80 million corresponding to a growth in the range of 39% - 54%. 2024 recognized revenues of DKK 58 million - DKK 63 million corresponding to 43% - 55% growth. Reported Earnings • Aug 20
Second quarter 2024 earnings released: kr.0.18 loss per share (vs kr.0.30 loss in 2Q 2023) Second quarter 2024 results: kr.0.18 loss per share (improved from kr.0.30 loss in 2Q 2023). Revenue: kr.14.4m (up 35% from 2Q 2023). Net loss: kr.14.8m (loss narrowed 16% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Announcement • Apr 23
Mapspeople A/S Announces Change in Management Team Mapspeople A/S announced that Chief Technology Officer Jesper Winther will leave the company and the Technology function and product function will be combined under the leadership of Christian Christensen the current Chief Product Officer who will assume the role as Chief Product and Technology Officer. Chief Commercial Officer Jannik Brouwers will also be leaving the company and the executive sales leadership team will report directly to CEO Morten Brøgger. Announcement • Apr 20
Mapspeople A/S announced that it expects to receive DKK 4.2 million in funding Mapspeople A/S announced a private placement to issue 2,000,000d common shares at an issue price of DKK 2.10 per share for the gross proceeds of DKK 4,200,000 on April 18, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: kr.1.05 loss per share (vs kr.1.09 loss in FY 2022) Full year 2023 results: kr.1.05 loss per share. Revenue: kr.53.7m (up 85% from FY 2022). Net loss: kr.69.2m (loss widened 15% from FY 2022). Announcement • Nov 25
MapsPeople A/S Appoints Christian Læsø as CFO as of January 1, 2024 Mapspeople A/S announced it has appointed Christian Læsø as the company's new CFO as of January 1, 2024. In MapsPeople Christian Læsø will assume leadership of the financial team and lead the continuous improvement of cross functional processes enabling the company to continue its growth journey. Christian Læsø has extensive experience in Executive and Non-Executive leadership positions within the subscription business. As CFO Christian has experience from companies such as GlobalConnect, Ebay and latest Goodiebox. Christian holds a Bachelor and a Masters in Business Administration and Auditing. Announcement • Nov 24
Mapspeople A/S has filed a Follow-on Equity Offering. Mapspeople A/S has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Price\Range: DKK 1.19
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 15
Third quarter 2023 earnings released: kr.0.22 loss per share (vs kr.0.32 loss in 3Q 2022) Third quarter 2023 results: kr.0.22 loss per share (improved from kr.0.32 loss in 3Q 2022). Revenue: kr.10.7m (up 51% from 3Q 2022). Net loss: kr.16.1m (loss narrowed 7.4% from 3Q 2022). Announcement • Nov 03
MapsPeople Announces Resignation of Jesper Lund Tidemand as CFO, Effective End of January 2024 MapsPeople announced that the company has initiated a search for a new CFO, as Jesper Lund Tidemand has decided to resign from his position. Jesper Lund Tidemand will continue as CFO for the company until the end of January 2024. Reported Earnings • Aug 24
Second quarter 2023 earnings released: kr.0.30 loss per share (vs kr.0.25 loss in 2Q 2022) Second quarter 2023 results: kr.0.30 loss per share (further deteriorated from kr.0.25 loss in 2Q 2022). Revenue: kr.10.7m (up 39% from 2Q 2022). Net loss: kr.17.6m (loss widened 28% from 2Q 2022). Announcement • Aug 23
Mapspeople A/S Reaffirms Earnings Guidance for the Fiscal Year 2023 Mapspeople A/S reaffirmed earnings guidance for the fiscal year 2023. For the period, the company expects revenue of DKK 38 million to DKK 45 million corresponding to a growth rate of 31-55%. Reported Earnings • May 28
First quarter 2023 earnings released: kr.0.32 loss per share (vs kr.0.22 loss in 1Q 2022) First quarter 2023 results: kr.0.32 loss per share (further deteriorated from kr.0.22 loss in 1Q 2022). Revenue: kr.8.76m (up 29% from 1Q 2022). Net loss: kr.17.9m (loss widened 61% from 1Q 2022). Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: kr.29.8m (up 3.6% from FY 2021). Net loss: kr.60.2m (loss widened 40% from FY 2021). Announcement • Jan 19
Mapspeople A/S Provides Revenue Guidance for the Year 2023 Mapspeople A/S provided revenue guidance for the year 2023. The Board of Directors has approved the 2023 budget, containing growth targets according to the Company's strategy. Following the Board of Directors' approval of the budget, the Company has set an cARR guidance of DKK 105-115 million for 2023 corresponding to 50-64% growth and an ARR guidance of DKK 77-87 million. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Rasmus Mencke was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Rasmus Mencke was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 12
Mapspeople A/S to Report Fiscal Year 2022 Results on Mar 28, 2023 Mapspeople A/S announced that they will report fiscal year 2022 results on Mar 28, 2023 Reported Earnings • Mar 31
Full year 2021 earnings released Full year 2021 results: Revenue: kr.29.9m (up 20% from FY 2020). Net loss: kr.42.9m (loss widened 224% from FY 2020). Executive Departure • Dec 05
President & Chief Product Officer Jonas Berntsen has left the company On the 1st of December, Jonas Berntsen's tenure as President & Chief Product Officer ended. We don't have any record of a personal shareholding under Jonas' name. Jonas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.92 years.