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An announcement from ikeGPS Group Ltd ( (AU:IKE) ) is now available.
ikeGPS Group Ltd reported a strong performance for the first half of FY26, with a 47% increase in exit run rate of subscription revenue and a 35% growth in recognized platform subscription revenue. The company launched PolePilot™, an AI-driven tool that automates utility pole analysis, significantly boosting productivity for its customers. With a solid financial position, including NZ$34 million in cash and no debt, IKE is well-positioned to continue its growth trajectory, supported by a successful capital raise of approximately NZ$26 million. The company also announced the appointment of Paul Cardosi as Chief Financial Officer, bringing valuable experience to support IKE’s expansion in the SaaS industry.
The most recent analyst rating on (AU:IKE) stock is a Buy with a A$1.30 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 operates within the technology sector, focusing on providing software solutions for electric utility distribution network analysis. The company’s primary product offerings include platform subscription services and innovative AI-driven tools like PolePilot™, which enhance productivity and efficiency for utility and communication industries.
Average Trading Volume: 224,087
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$165.7M
For a thorough assessment of IKE stock, go to TipRanks’ Stock Analysis page.