IkeGPS first-half sales more than doubled, expects to meet annual revenue forecast

Wed, 14 Oct 2015

By Paul McBeth Oct. 15 (BusinessDesk) - IkeGPS Group, the laser measurement tool developer, says first-half sales more than doubled, and it affirmed expectations to meet its annual revenue forecast as an outperformance in sales of its smartphone products make up for lumpy demand for its MapSight data collection tool. Revenue and other income rose to about $4.5 million in the six months ended Sept. 30 from $1.7 million a year earlier and was ahead of budget for the period, Wellington-based ikeGPS said in a statement. Gross margins grew at...

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