ikeGPS reports $6.9m loss, revenue up 16%

ikeGPS has reported a net loss of $6.9 million for the first half of the 2025 financial year.

This compares to a net loss of $6.4m in the same period last year.

The company's exit run rate of annual platform subscription revenue increased by 34% to approximately $13.2m.

Total recognised revenue for the six-month period was $12.2m, up 16% from the previous year.

The company achieved a gross margin of $8.1m, a 31% increase, with a gross margin percentage of 67%.

Cash used in operating activities was 51% lower at $2.6m.