IkeGPS revenue growth boosted by big North American contracts

ikeGPS chief executive Glenn Milnes. (Image: ikeGPS)

Thu, 04 May 2023

Utility pole management company ikeGPS Group Limited has reported $30.8 million in revenue for the March 31, 2023 year, up 93% from last year on the back of strong and steady customer growth.Last year, ikeGPS reported revenue of $16m and an earnings before interest, tax, depreciation and amortisation (Ebitda) loss of $5.3m.The gross margin for the year was around $16.4m, a 67% increase from 2022.According to the updated earnings statement, platform transaction revenue almost tripled to $18.7m compared with $6.4m last year, with the number of bi...

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