IKE - Ike GPS.com

[petty]

Good info and reporting. PX1 could learn something. Onwards and upwards for IKE

Im not sure PX1 would have much to report.

Have a few observations from the report that the team here may have some insight on.

a) Comparisons in this report are on Q1 a year ago which we know was at the peak of USA COVID so not likely a great comparison period. Im not getting too excited yet. (Although contracts won by 1/4 is really impressive)
b) Both # of platform transaction and #of subscription customers gre a lot faster than the respective fields revenue. Is this a product mix, pricing, size of customer or timing issue?
c) I find it a little strange that you would enter into a 3 year MSA and not have a quantifiable estimate of revenue that could be reported. Not many MSA I am aware of are signed without some expectation of volume of work.

Aside from that Im impressed with the regularity of updates. Lots of potential here.

[Valiant]

Petty, agreed cant get too excited given what was going on in the market during the PCP. A comment from their HY21 results announcement "As previously advised, IKE and its customers in North America were impacted by COVID-19 through Q1 to June 2020. As context, and despite the ‘essential’ status of IKE and its electric utility and communications customers, the initial approximately 90-days of COVID-19 saw new sales and pipeline volumes decrease 50-70% versus subsequent levels through Q2 FY21".

It appears the revenue generated from subscriptions is fairly consistent but its the transaction revenue that has very low revenue growth for such a high % change in billable transactions. I'm not sure of the answer to this but think pricing and product mix as you've highlighted would be likely greatest influences. They've said transaction revenue is going to be the "major revenue growth engine" going forward, anyone else have thoughts on what is impacting the Transactions revenue?

Hopefully as the year progresses and we get these quarterly updates it will help build a better picture of the companies performance. I've said previously that its all fair and good that every announcement they state the market tailwinds of $350b forecast spend over the next 5 years (they've said this almost every announcement in the past year ++) but executing their change to a subscription model is going to be very important. Looking good, sticking around to see what they can achieve over the next 12 months..

[percy]

US Infrastructure bill.
$73 billion for modernizing the nation's electric grid and expanding the use of renewable energy,and $65 billion to expand broadband access,a particular problem for rural areas and tribual communties.

IKE are "well positioned."

[sb9]

NWR Virtual investor conference has Glen Milnes CEO from iKE talking at 8:30 Aus time on 2/8/21 ... register link

https://nwrconference.webflow.io/

Just finished watching that webinar. As usual Glenn sounded very upbeat at what's happening in the infrastructure space under Biden's watch. Some nice tailwinds over next few years for them.

[justakiwi]

Do you know if this is available anywhere to watch now?

Just finished watching that webinar. As usual Glenn sounded very upbeat at what's happening in the infrastructure space under Biden's watch. Some nice tailwinds over next few years for them.

[sb9]

Do you know if this is available anywhere to watch now?

Not sure but you can try on NWR website, who facilitated this webinar.

[ecuttel]

https://nwrconference.webflow.io/

Scroll down to the bottom of todays list and there is a replay option

[justakiwi]

Thanks but the replay option must only be available to those who were already registered. When I click on it I get a message saying the webinar is over and you are unable to register.

Thanks anyway!

https://nwrconference.webflow.io/

Scroll down to the bottom of todays list and there is a replay option

[ecuttel]

Bugger... they have in the past posted them to YT a day or so later, here is a link to the one in March ... https://www.youtube.com/watch?v=LhMhfJK6bx4

[Valiant]

Flick an email to NWR and they'll provide you a link to the webinar recording. They previously did this for me.