IkeGPS still sees breakeven this year, expects lumpy revenue to 2018 and beyond

Thu, 16 Feb 2017

By Sophie Boot Feb. 17 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, maintained its breakeven forecast for 2017 but won't achieve projected sales growth after a weak first half, and expects lumpiness in its revenue to 2018 and beyond. In November, IkeGPS posted a wider first-half loss at $6.8 million from $4.4 million a year earlier, with operating revenue falling to $2 million from $4.3 million. The company today said Ike4 sales into the US electric utility and communications market had strengthened in the third and fourth qu...

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