IkeGPS shares climb 19% on contract news, sales guidance

Mon, 18 Dec 2017

By Sophie Boot Dec. 19 (BusinessDesk) - IkeGPS shares jumped 19 percent after the company announced a $200,000 contract with Canada’s largest communications company and said it might exceed previous sales guidance. The contract with Bell Canada involves the laser measurement toolmaker's Ike 4 device, which is the biggest contributor to FY18 financial targets for revenue growth and progress to breaking even on a cash basis. Revenue from the first phase deployment of the system will be about $200,000, it said. The company's shares, which...

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