Ike halves 1H loss, reiterates full-year guidance

Tue, 27 Nov 2018

By Gavin Evans Nov. 28 (BusinessDesk) - Utilities measurement specialist IkeGPS said it remains on track to break-even at the operating level in the fourth quarter after lifting sales and halving its first-half loss. The company today reported a $2.3 million net loss for the six months through September, down from a $4.5 million loss a year earlier. Revenue increased 27 percent to $4.4 million, buoyed by good North American demand for its new Ike Analyse product. Gross profit almost doubled to $2.9 million, reflecting both higher sa...

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