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ikeGPS Group Ltd ( (AU:IKE) ) has provided an update.
ikeGPS Group Ltd reported a strong performance for the first half of FY26, with a 47% increase in exit run rate of subscription revenue and a 35% growth in recognized platform subscription revenue. The company reiterated its FY26 guidance for significant growth and EBITDA breakeven. A key highlight was the launch of PolePilot™, an AI-driven tool that automates utility pole analysis, boosting productivity and customer adoption. IKE also completed a successful capital raise of NZ$26 million, which will support further growth initiatives, including product innovation and market expansion. The company maintains a strong financial position with NZ$34 million in cash and no debt, and its recent inclusion in the ASX All Ordinaries Index underscores its growing market presence.
The most recent analyst rating on (AU:IKE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on ikeGPS Group Ltd stock, see the AU:IKE Stock Forecast page.
More about ikeGPS Group Ltd
ikeGPS Group Ltd (IKE) operates in the technology industry, focusing on providing advanced software solutions for electric utility distribution network analysis. Their primary products include the IKE Office Pro platform and the newly launched AI-driven PolePilot™, which enhances productivity in utility pole analysis. The company is listed on the NZX and ASX, and it targets utility and communications sectors with its high-margin subscription software products.
Average Trading Volume: 224,087
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$165.7M
For an in-depth examination of IKE stock, go to TipRanks’ Overview page.