IkeGPS reports 40% revenue increase, plans AI launch

IkeGPS has reported a 40% increase in its annual platform subscription revenue, reaching approximately $12.9 million.

The company also added around 3,900 additional subscription seat licences, representing a 207% growth compared to the previous year.

In the first quarter, IkeGPS won contracts worth $9m across about 180 deals.

The company's announcement highlighted the upcoming launch of artificial intelligence products in the second quarter.

IkeGPS Group's full Q1 performance and outlook will be discussed in a webinar on July 15.

At the end of June, the company had a total of $14m in cash and receivables, with no debt.