IkeGPS optimistic about FY19 after 'solid' first quarter

Tue, 24 Jul 2018

By Sophie Boot July 25 (BusinessDesk) - IkeGPS, the unprofitable laser measurement tool maker, said it had a solid first quarter and plans to "substantially accelerate" sales of its new IKE Analyze product. Revenue was $1.9 million in the three months ended June 30, up 48 percent on the same period in 2017, Ike said today. Some $1.7 million of that came from sales of its IKE4 product. The Wellington-based company said two pilots of IKE Analyze, which delivers pole analysis and asset reports, had been concluded successfully in the quarter,...

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