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ikeGPS Surges 48% in Subscription Revenue, Attracts $170m Acquisition Interest
6:47am on Monday 2nd of June, 2025 AEST
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Technology
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ikeGPS Surges 48% in Subscription Revenue, Attracts $170m Acquisition Interest
6:47am on Monday 2nd of June, 2025 AEST
Key Points
48% year-over-year growth in annual subscription revenue exit run rate to NZ$17.6m
NZ$12 million in contracts closed during 4Q FY25
Subscription seat licenses doubled with 103% YoY growth
Recurring revenues now represent 87% of total revenue with gross margin rising to 69%
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