IkeGPS may miss full-year guidance

Thu, 24 Jan 2019

By Gavin Evans Jan. 24 (BusinessDesk) - Utilities measurement specialist IkeGPS says it may not break-even at the operating level in the March quarter due to a delay closing a large contract for its Ike Analyze service. The company, which in November had also forecast a 30 percent increase in March-year revenue, said its current projections show it could still meet both elements of its earlier guidance. But it says delivering positive earnings before interest, tax, depreciation and amortisation in the fourth quarter involves “material...

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