IkeGPS forecasts annual losses as it ramps up sales of MapSight, Spike

Mon, 23 Jun 2014

By Jonathan Underhill June 23 (BusinessDesk) - IkeGPS Group, which sells portable measuring devices and software with applications ranging from the military to architecture and construction, is forecasting losses through until at least 2016 as it uses the proceeds of an initial public offering to build a sales force and further develop its products. The Wellington-based company, which counts Jenny Morel's No 8 Ventures and business partner General Electric among its shareholders, aims to raise $25 million by selling 22.7 million shares at...

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