IkeGPS reports 48% revenue increase, anticipates growth

ikeGPS has reported a 48% increase in the annual subscription revenue exit run rate for the 2025 financial year.

The company expects subscription revenue growth of 35% or more in the 2026 financial year.

Total recognised revenue for the period reached $25.2 million, a 19% increase compared to the previous year.

However, ikeGPS also reported a net loss of $16.3m.

The company's cash position as of March 2025, with $10.3m in cash, was consistent with the level 12 months prior.

During the period, ikeGPS received an unsolicited, non-binding acquisition approach at $1 per share, valuing the company at approximately $165-170m.