IkeGPS's share price has modest jump after tough year

The company has worked to develop a new cloud platform to replace its desktop app. (Image: IkeGPS)

Wed, 06 Mar 2024

IkeGPS's share price received a welcome bump on Wednesday, up 4.4% to $0.47 after a year of decline.The 2-cent rise followed a release to the New Zealand stock exchange (NZX) about a new customer joining its PoleForeman platform in a deal worth $800,000 over three years.According to the release, the customer is a Fortune 500 company based in the US.Forsyth Barr director and senior analyst James Lindsay said the market reaction runs deeper than just today’s announcement.“While small in nature, the deal represents five t...

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