ikeGPS Group Ltd Reports Strong FY25 Growth and Acquisition Interest

ikeGPS Group Ltd ( (AU:IKE) ) has provided an announcement.

ikeGPS Group Ltd reported a 48% increase in its annual subscription revenue exit run rate for FY25, with expectations of continued growth in FY26. Despite a net loss of NZ$16.3 million, the company saw significant revenue growth and improved margins, driven by a shift towards high-margin subscription software products. The company also received a non-binding acquisition approach, valuing it at approximately NZ$165-170 million. The investment in new products and market expansion has led to substantial customer growth and increased subscription seat licenses, positioning the company well for future growth.

The most recent analyst rating on (AU:IKE) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on ikeGPS Group Ltd stock, see the AU:IKE Stock Forecast page.

More about ikeGPS Group Ltd

ikeGPS Group Ltd is a company operating in the technology industry, focusing on providing software solutions for power-specific applications, particularly in the U.S. market. Its primary products include subscription-based software services and hardware solutions, with a significant market focus on tier-1 North American customers, including electric utilities.

Average Trading Volume: 115,348

Technical Sentiment Signal: Buy

Current Market Cap: A$142.9M

Learn more about IKE stock on TipRanks’ Stock Analysis page.