ikeGPS has reported strong results for the first half of the 2025 financial year.
The company's exit run rate of annual platform subscription revenue reached approximately $13.2 million, a 34% increase compared to the same period last year.
Total recognised revenue for the six-month period was $12.2m, up 16% from the previous year.
ikeGPS also achieved a gross margin of $8.1m, a 31% increase, with a gross margin percentage of 67%.
The company reported a 4% reduction in cash operating expenses.
As of September 30, 2024, ikeGPS had $11.1m in total cash and receivables, with no debt.
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