IkeGPS expects to perform to prospectus in 2016 financial year

Thu, 28 May 2015

By Pattrick Smellie May 29 (BusinessDesk) - IkeGPS, the laser measurement tool developer, expects to meet its prospectus forecasts in 2016, despite under-performing on sales and running a month late on its new product rollout in the year ended March 31. The Wellington-based company, whose senior management are now based in the US, reported a $5.1 million loss in its latest year, compared with a loss of $2.3 million a year earlier, and just below the loss of $5.33 million forecast in its July prospectus. Sales rose to $4 million, from $1....

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