IkeGPS to breakeven in 2017, investigates NASDAQ listing

Tue, 03 May 2016

By Sophie Boot May 4 (BusinessDesk) - IkeGPS says it will reach cash breakeven in 2017 as it forecasts improved sales from its new cloud-based product. The laser measurement tool developer said it expects continuing sales growth across its portfolio of measurement products, increased margins on new products, operating and cost efficiencies, and product-to-market infrastructure. "Cash at the end of the FY2016 was approximately $5.3m," it said. "The board continues to monitor the company’s cash position and, under this FY2017 business pl...

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