IKE seeks to be the standard for collecting, managing and analysing pole and overhead asset information for electric utilities, communications companies and their engineering service providers. Usage of the IKE solution shows that against existing work practices IKE increases efficiency for field engineering by approximately two times and increases efficiency for back-office engineering by approximately five times.
ikeGPS is headquartered in Wellington, New Zealand. The company's sales, marketing, support and training organization is based in Broomfield, Colorado USA, supporting its customers across North America.
The following information was extracted from ikeGPS Group Limited's performance update, released 22 April 2025:
Continued growth of annual subscription revenue exit run rate (+48% vs pcp).
ARR growth in FY26 expected to continue at similar, strong levels.
~NZ$12m in contracts closed in the fourth quarter.
Total cash & net receivables growth of +NZ$1.8m in the quarter, to NZ$15.4m.
Unsolicited, non-binding acquisition approach received at NZ$1 per share, or ~NZ$165-170m EV.
ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to release a performance update for the recent quarter and 12-month period to 31 March 2025. All figures are in NZD, rounded to the nearest decimal, unaudited and subject to minor change.
Highlights for the quarter and 12-month period to 31 March 2025:
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