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ikeGPS Accelerates Subscription Growth 48%, Rejects $170m Takeover Bid
6:42am on Monday 2nd of June, 2025 AEST
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Technology
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ikeGPS Accelerates Subscription Growth 48%, Rejects $170m Takeover Bid
6:42am on Monday 2nd of June, 2025 AEST
Key Points
Annual subscription revenue exit run rate up 48% year-on-year to NZ$17.6m
Total revenue grew 19% to NZ$25.2m with gross margin rising to 69%
Over 8,500 subscription seat licenses issued, doubling year-on-year
Closed ~NZ$12m in contracts in 4Q25, including major U.S. electric utilities
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