ikeGPS Group Limited Analysis

Overview

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.

Performance

The following information was extracted from ikeGPS Group Limited's market update, released 15 July 2024:

Q1 FY25 Performance Highlights:

Exit Run Rate of annual platform subscription revenue grew to ~NZ$12.9m ( +40% vs pcp)
Total recognized revenue in the quarter of ~NZ$5.8m (+4% vs pcp).
Recognized subscription revenue of ~NZ$3.2m (+29% vs pcp).
Recognized transaction revenue of ~NZ$1.8m (-16% vs pcp but noting margin increased ~NZ$0.2m).
Gross margin of ~NZ$4.0m (+18% vs pcp), with a gross margin percentage of ~70% (up from pcp of ~61%)
Total cash and receivables as at 30 June 2024 of ~NZ$14.0m, comprised of ~NZ$10.0m cash and ~NZ$4.0m receivables, with payables of NZ$1.1m and no debt.
This cash position is flat against the cash position at 31 March 2024 and up from 31 December 2023 (NZ$8.0m).

In any given GDT Event the GDT website may display a range of results other than price, as explained:

' – ' means that the product was not offered.
‘n.s.’ (not sold) means that no product was sold.
‘n.p.’ (not published) means that product was sold at the starting price, and therefore GDT cannot publish the winning price. For an explanation of this rule, see question 9 in the "Common questions" page under "About GDT" at www.globaldairytrade.info
'n.a.' for the Average Winning Price means that no prices were available for that contract period (for the reasons above), and therefore no average price was applicable.

For clarification where GDT publishes ' – ' or ‘n.s.’ (not sold) NZX results will also display a '-' or 'n.s'.

Where the GDT website displays ‘n.p.’ (not published), NZX will display the starting price. Note that the NZX results page will not differentiate between prices that are equal to starting price or those that have exceeded starting prices.

'n.a.' for the Average Winning Price as displayed on the GDT website are not displayed on this results page.

Note that N/A in the table below means there has been no change between current and previous price.