Ike signals 5% FY revenue growth, missed ebitda target

Sun, 24 Mar 2019

By Gavin Evans March 25 (BusinessDesk) - Utilities measurement specialist IkeGPS says its March-year revenue will be only about 5 percent higher than a year earlier, after the company failed to close a large contract for its Ike Analyze service. Wellington-based Ike uses GPS technology in its software and field equipment to measure and record pole and line data and make it easier for power and telecommunications firms to build and manage their networks. The firm, which in November had forecast a 30 percent increase in annual revenue,...

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