IkeGPS reports NZ$22M exit run rate and new products

·       IkeGPS posted a subscription revenue exit run rate of ~NZ$22 million, marking a 31% increase compared to the prior period.

·       Total quarterly revenue remained flat at ~NZ$6.4 million due to softer services revenue, while gross margins expanded from 75% to 82%.

·       The company maintained its fiscal 2027 guidance and plans to launch three new products in the second half of the year to drive further growth.

IkeGPS Group (ASX:IKE) reported an annualised subscription exit run rate of ~NZ$5.3 million for the period ended June 30, 2026.

Total quarterly revenue stayed flat at ~NZ$6.4 million compared to the prior corresponding period because of temporary softness in one-off services revenue.

"New product innovation and additive ARR in 2025 IkeGPS was funded to invest in new products and AI-first technology," said IkeGPS CEO and Managing Director Glenn Milnes.

The business increased its enterprise customer count to 476 clients and maintained a balance sheet holding ~NZ$33.8 million in total cash with zero debt.

Following the announcement, the IkeGPS share price was unchanged at $0.98.

The company builds specialised software platforms designed to assist electric utilities and communications providers with infrastructure management.