ikeGPS 1H FY25 Financial Results

21/11/2024 08:30 NZDT, HALFYRP

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to release the financial results for 1H FY25 to 30 September 2024 (all figures in NZD).

Highlights for the half year, with results in-line with the performance update on 24 October 2024:

+ Exit run rate of annual platform subscription revenue grew to ~NZ$13.2m (+34% vs pcp).

+ Total recognized revenue in the six-month period of ~NZ$12.2m (+16% vs pcp).

+ Recognized subscription revenue of ~NZ$6.5m (+28% vs pcp).

+ Recognized transaction revenue of ~NZ$4.0m (+6% vs pcp).

+ Recognized hardware and other services revenue of ~NZ$1.7 (in-line with pcp).

+ Gross margin of ~NZ$8.1m (+31% vs pcp), with a gross margin percentage of ~67% (up from pcp of ~59%).

+ Net loss was ~NZ$6.9m (pcp ~NZ$6.4m).

+ Non-cash items included in this Net loss amount totalled ~$3.7M (pcp ~NZ$2.2m).

+ Cash used in Operating activities of ~NZ$2.6m (~51% lower vs pcp).

Full commentary and momentum across the IKE business is set out in the announcement attached.

Attachments

  1. 1. ikeGPS 1H FY25 Results Announcement Presentation.
  2. 2. ikeGPS 1H FY25 Interim Financial Statements
  3. 3. ikeGPS 1H FY25 NZX Results Announcement