IkeGPS sees Analyse potential of 'up to 20x' revenue in step change for business

Tue, 04 Sep 2018

By Sophie Boot Sept. 4 (BusinessDesk) - IkeGPS sees its new Ike Analyse product as a possible "step change" for the business, ramping up its recurring revenue from major clients. Earlier this month, the company raised $5 million of shares at a 4 percent premium in an oversubscribed share placement, and it has a further $1.25 million share purchase plan in the works. The funds raised were to bolster working capital and enable more investment into potential contracts for Ike Analyse, which delivers pole analysis and asset reports, and furth...

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