IkeGPS lines up $16m revenue for 2023

Tue, 03 May 2022

Utility pole management company IkeGPS says it signed contracts worth $26 million in the 12 months ended March, which will add about $16m to next financial year’s revenue.The shares rose 9.3% to 82 cents in early trading on the NZX. Chief executive Glenn Milnes said the new contracts highlighted the company’s growth potential in its target markets of 5200 utility, communication, and engineering companies.“We estimate that $15m-to-$17m of the signed contract backlog in place today will be recognised as revenue in the 2023...

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