IkeGPS confirms weaker Spike sales, improved total IKE sales in 2018

Tue, 10 Apr 2018

By Jonathan Underhill April 10 (BusinessDesk) - IkeGPS, the unprofitable laser measurement toolmaker, has confirmed weaker-than-forecast of its Spike product in 2018 and an increase in sales of its IKE product for measuring polls and other aerial plants. The company sold about 2,200 Spike units in the year ended March 31, below its target of 3,000 units. It first flagged that sales had undershot guidance with the release of its third-quarter update in January. IKE sales amounted to 476 systems, up 2.3 times from a year earlier, the Welli...

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