Ike GPS shares jump 33% on 2017 breakeven forecast

Wed, 04 May 2016

By Sophie Boot May 4 (BusinessDesk) - IkeGPS shares soared 33 percent after the company said it expects to reach cash breakeven in 2017 on improved sales from its new cloud-based product. The shares rose 22 cents to 88 cents, a price not seen since February 2015, after the laser measurement tool developer said it expects continuing sales growth across its portfolio of measurement products, increased margins on new products, operating and cost efficiencies, and product-to-market infrastructure. The Wellington-based company is also inve...

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