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ikeGPS Surges 48% in Subscription Revenue, Rejects $1/Share Takeover Bid
1:27am on Monday 2nd of June, 2025 AEST
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Technology
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ikeGPS Surges 48% in Subscription Revenue, Rejects $1/Share Takeover Bid
1:27am on Monday 2nd of June, 2025 AEST
Key Points
48% increase in FY25 annual subscription revenue exit run rate
34% growth in subscription revenue year-over-year
Adjusted EBITDA loss narrowed to NZ$6.1m from NZ$9.8m
Non-binding acquisition offer at NZ$1/share (~NZ$165-170m EV) rejected
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