ikeGPS Group's Total Revenue Climbs 21% in Nine Months to December 2024

MT Newswires Live

Jan 29, 2025

ikeGPS Group (NZE:IKE, ASX:IKE) reported total revenue of NZ$18.5 million for the nine months to December 2024, a 21% increase from the year-earlier's NZ$15.3 million, according to a Tuesday filing with the New Zealand bourse.

Subscription revenue climbed 29% year on year to NZ$10.2 million, while transaction revenue grew 14% to NZ$5.8 million. Hardware and other services revenue rose 9% to NZ$2.5 million. ikeGPS closed a record NZ$44 million in total contracts over the past nine months.

For the third quarter alone, revenue was at NZ$6.3 million. Total cash and net receivables grew NZ$4 million in the quarter to NZ$13.6 million.

The company's shares were down almost 1% in recent Wednesday trade in Australia.

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