IKE - Ike GPS.com

[Simsee]

So happy I passed on the cash raise. Those that did must be thinking wth?

[sb9]

Q3 performance update (to be released later this month or early next month) better be good, or else we could be back to 60c mark

[petty]

Q3 performance update (to be released later this month or early next month) better be good, or else we could be back to 60c mark

I agree. At least 60c. And the lack of any recent 'material contract wins' suggest I wouldn't hold your breadth. Throw in SP trends and its pretty morbid state of affairs.

[sb9]

Timely update, let's hope Q3 report will be equally encouraging on 1st Feb.

Currently at A$ 75c on ASX...

[percy]

Timely update, let's hope Q3 report will be equally encouraging on 1st Feb.

Currently at A$ 75c on ASX...

That is a very substantial contract extension from $1.6 mil to over $4 mil,. 250%.
The share price has been drifting down on no news,so looking forward to 1st Feb update .
"Our broader in-market momentum gives us a high
degree of confidence for strong growth this and our next financial year.”
Just keep that momentum building.!!..

[bullfrog]

This client extended their initial contract for a year in October, then 3 months later almost tripled its value, albeit with some tags, but very impressive. I wonder if IKEs latest acquisition had something to do with it?

[Pegasus2000]

IKE signs $0.9m deal with tier-1 electric utility
IKE
21/01/2022 10:57
GENERAL
PRICE SENSITIVE
REL: 1057 HRS ikeGPS Group Limited

GENERAL: IKE: IKE signs $0.9m deal with tier-1 electric utility

IKE signs $0.9m deal with tier-1 electric utility

21 January 2022 (all numbers are NZ$ unless stated otherwise)

Deal follows a separate announcement earlier in the week of extending a U.S.
communications customer contract to >$4m.

ikeGPS Group Limited (ASX/NZX:IKE) or IKE, the company setting the standard
for collecting, managing and analysing pole and overhead asset information
for electric utilities, communications companies and their engineering
service providers, is pleased to announce:

? That it has received an approximately $0.9m contract from a new tier-1
North American electric utility customer.
? The approximately $0.9m revenue will be fully recognized over the coming 12
months.
? At this initial level of users and platform usage, the expected ongoing
software subscription revenue from this customer will be approximately $200k
per annum.
? This customer is utilizing the IKE platform to speed the assessment and
engineering of distribution pole assets for network hardening purposes.

IKE CEO Glenn Milnes commented, "We are pleased to add aother tier-1 electric
utility to our customer base and to be supporting their important multi-year
grid assessment & hardening work. We have performed well over the past few
months and have got off to a very fast sales start in 2022. With continuing
market tail winds we look forward to strong ongoing growth."

IKE will be releasing its Q3 performance update and commentary 1 February
2022.

ENDS

[Pegasus2000]

drip feed good news

[t.rexjr]

Back to work after the new year slow down.
I'd love to know how the revenue streams from these contracts fits within this FY and next. I know it's somewhat out of their control as to timing but they must have a budget of some type

[sb9]

Back to work after the new year slow down.
I'd love to know how the revenue streams from these contracts fits within this FY and next. I know it's somewhat out of their control as to timing but they must have a budget of some type

Agree, they should now start to provide guidance for full year revenue.