IkeGPS first-half loss widens as Stanley rollout delayed

Tue, 15 Nov 2016

By Jonathan Underhill Nov. 16 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, posted a wider first-half loss and said a supply-chain glitch for the Stanley Smart Measure Pro meant some sales wouldn't be recognised until the second half. The loss was $6.8 million in the six months ended Sept. 30, from a loss of $4.39 million a year earlier, the Wellington-based company said in a statement. Operating revenue fell to $1.97 million from $4.3 million. In July, IkeGPS said the timing of the launch of the Stanley Smart Measure Pro a...

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