ikeGPS has reported a 29% increase in the annual subscription revenue exit run rate for the first quarter of the 2026 financial year.
The company reiterated its guidance for the 2026 financial year, expecting platform subscription revenue growth of 35% or more and ebitda breakeven on a run-rate basis in the second half of the year.
Total recognised revenue for the period was $6.4 million, up 12% compared to the previous corresponding period.
The company's gross margin percentage increased to 76%, from 70% in the prior year.
ikeGPS said it is fully funded to execute its growth plans, following the completion of a $18m fully underwritten placement.
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