ikeGPS Anticipates Strong Subscription Revenue Growth

ikeGPS Group Ltd (AU:IKE) has released an update.

ikeGPS Group Ltd reports a substantial growth in subscription revenue, expecting over 50% increase in FY25, despite a net loss in FY24. The company’s strategic focus on long-term contracts, including with major North American electric utilities, has resulted in more than 2,500 new subscribers for its IKE PoleForeman platform. With a strong sales pipeline and high customer retention rate, ikeGPS anticipates a material improvement in margins and continued shift towards higher margin subscription revenue.

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