IkeGPS contract win reinforces path to breakeven, say analysts

Trends in data consumption and electrification will be a boon for the company, the analysts state. (Image: Unsplash)

Mon, 05 Aug 2024

IkeGPS has improved analyst confidence with a new deal expected to generate $19 million in transactional revenue over the next three years.The utility pole assessment software company inked a contract with a US company to support a multi-year fibre and grid resiliency programme.The deal is with an existing customer that the company described in an announcement as “a prominent utility in the southwestern United States”.Forsyth Barr’s note by James Lindsay, Will Twiss and Kylie Mills stated the contract “significantly de-r...

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