IkeGPS shares fall 6.25%, slightly lower guidance

(Image: IkeGPS)

Fri, 27 Sep 2024

Shares in IkeGps fell 6.25% Friday after the company was slightly more downbeat on its subscription revenue.The shares were trading at 60 cents at 12.30pm in Wellington. Volumes were light. “Subscription revenue is expected to grow strongly this year, at 40% or greater [vs the previous comparable period] to around $15 million per annum or greater,” chair Alex Knowles said in notes for the annual general meeting.In a July first-quarter update, the company had said subscription revenue was expected to grow around 50% or greater.A...

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