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IkeGPS to post record revenue

Staff reporters
Tue, 14 Apr 2020

Utilities measurement company IkeGPS said its full year revenue for the year to March 31 was a record $9.8 million and up around 23 percent on the year, while gross margin was approximately $7.1 million in the 12-month period, up around 33 percent on the year.Its total cash and receivables stood at approximately $6 million as at March 31 and it has no debt.It was guardedly cautious about the impact of covid-19.The market did experience a “substantial slow-down in activity in March due to the sudden uncertainty created by covid-19, however, our...

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