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ikeGPS Group Ltd ( (AU:IKE) ) has issued an update.
ikeGPS Group Ltd reported a strong performance for the quarter ending March 31, 2025, with a significant 48% increase in annual platform subscription revenue. The company closed approximately NZ$12 million in contracts during the fourth quarter, contributing to a cash and net receivables growth of NZ$1.8 million. Notably, IKE received an unsolicited acquisition approach, valuing the company at approximately NZ$165-170 million, but the board decided not to pursue it due to insufficient shareholder support. The company’s strategic focus on high-margin subscription software products has resulted in a gross margin increase to 69%, and it continues to expand its market presence with new customer wins and product development.
More about ikeGPS Group Ltd
ikeGPS Group Ltd (IKE) operates in the technology industry, focusing on providing software solutions for structural analysis and design, particularly for electric utilities. The company is known for its IKE PoleForeman product, which is widely adopted by tier-1 electric utilities in the U.S. market, enhancing grid resiliency and network capacity.
YTD Price Performance: 30.10%
Average Trading Volume: 50,518
Technical Sentiment Signal: Sell
Current Market Cap: A$113M
Find detailed analytics on IKE stock on TipRanks’ Stock Analysis page.