IkeGPS widens 1H loss to $3 mln; sees trebling of annual sales on strong smartphone demand

Thu, 19 Nov 2015

By Sophie Boot Nov. 20 (BusinessDesk) - IkeGPS, the laser measurement tool developer, widened its first-half loss, while affirming its expectation to triple annual revenue as its smartphone products outperform while sales for its Mapsight product remain inconsistent. The Wellington-based company, which has 67 staff across three offices in Colorado, Seattle and Wellington, posted a loss of $3 million for the six months to Sept. 30, compared to a loss of $1.9 million in the year earlier period. IkeGPS said that was in line with budget while...

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