Ike June-qtr revenue up 26%; earnings flat

Wed, 10 Jul 2019

By Rebecca Howard July 11 (BusinessDesk) - Utilities measurement specialist IkeGPS reported strong first-quarter revenue but earnings dipped. The company reported revenue of $2.4 million in the three months to June 30, up 26 percent from a year earlier. Its gross margin was approximately $1.8 million, up 55 percent. Earnings before interest, tax, depreciation and amortisation, however, showed a loss of $400,000, although it noted the months of May and June were positive. Cash and receivables were $4.9 million, unchanged from the lev...

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