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ikeGPS Group Ltd ( (AU:IKE) ) has provided an update.
ikeGPS Group Ltd reported a positive performance for the first quarter of FY26, with a 29% increase in the annual subscription revenue exit run rate compared to the previous corresponding period. The company achieved a total recognized revenue of NZ$6.4 million, marking a 12% increase, and improved its gross margin to 76%. Despite some currency exchange challenges, IKE remains on track to meet its FY26 guidance, supported by a fully underwritten placement raising A$18.0 million. The company is strategically investing in new product development to maintain its market leadership and capitalize on macro-market tailwinds in North America, which are expected to drive growth in the coming decades.
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 (IKE) operates in the technology industry, focusing on providing subscription software solutions for utilities and communications companies. Their primary products include platform subscription services and hardware solutions aimed at capturing, digitizing, and managing distribution networks, particularly in North America.
Average Trading Volume: 192,691
Technical Sentiment Signal: Buy
Current Market Cap: A$174.7M
See more data about IKE stock on TipRanks’ Stock Analysis page.