Maps Reports First Half 2024 Earnings

Maps (BIT:MAPS) First Half 2024 Results

Key Financial Results

• Revenue: €12.6m (down 6.1% from 1H 2023).
• Net income: €576.9k (up 61% from 1H 2023).
• Profit margin: 4.6% (up from 2.7% in 1H 2023). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Maps Earnings Insights

Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.

Performance of the Italian Software industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Maps that you need to take into consideration.

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