IkeGPS lifts revenue, cuts loss in first half, maintains breakeven guidance

Tue, 28 Nov 2017

By Sophie Boot Nov. 29 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, upgraded its sales expectations but maintained its breakeven guidance for the full year after revenue lifted and its loss narrowed in the first half. Revenue rose to $3.5 million in the six months ended Sept. 30, from $2 million in the previous first half, while its net loss narrowed to $3.9 million, or 6 cents per share, from $6 million, or 13 cents per share, a year earlier, the Wellington-based company said in a statement. The company's operating loss narr...

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