IKE - Ike GPS.com

**whatsup** · 08-02-2024, 12:14 PM

Getting traction from some worthwhile customers which should mean reoccuring revenue for years to come if all goes to plan ( a very important word that "if " !! )

Im buying the dips !

**winner69** · 08-02-2024, 04:20 PM

Originally Posted by Rawz

Not good. The transaction revenue has fallen off a cliff. I dont think they have a true sense of when it will return to FY23 levels. They just say it will build into FY25. So sounds to me still down on FY23.

Say they do low $20m revenue for the year.. it means they are trading 4x revenue which was okay back in the free money days but now considered expensive

Jeez low 20m in F24 ….they did over 30m last year

Sales trend doesn’t seem to be in line with the stories being told

**Rawz** · 08-02-2024, 04:25 PM

Originally Posted by winner69

Jeez low 20m in F24 ….they did over 30m last year

Sales trend doesn’t seem to be in line with the stories being told

doesnt matter. the market believes the story. SP up today

**winner69** · 09-02-2024, 10:59 AM

I’m still trying to like IKE ….the story they tell is so amazing

But a chart showing revenue trends belies the story. Sales been in decline the last year

I obviously just don’t get it

**winner69** · 09-02-2024, 01:29 PM

IKE acquired Marne last year and a year or so before that an AI outfit

Suppose all part of the growth story but that revenue chart worries me.

The big capital raise at $1 in 2021 doesn’t look too flash now

**whatsup** · 09-02-2024, 02:23 PM

Originally Posted by winner69

IKE acquired Marne last year and a year or so before that an AI outfit

Suppose all part of the growth story but that revenue chart worries me.

The big capital raise at $1 in 2021 doesn’t look too flash now

Its the future that interests me, traded in and out a few times but bought atl recently and will hold for the ride big time ( I hope ).

**Cobber** · 11-02-2024, 12:16 PM

Originally Posted by winner69

IKE acquired Marne last year and a year or so before that an AI outfit

Suppose all part of the growth story but that revenue chart worries me.

The big capital raise at $1 in 2021 doesn’t look too flash now

I wonder if those acquisitions were done for diversification towards alternative revenue streams.

**winner69** · 13-02-2024, 03:34 PM

Originally Posted by Rawz

Not good. The transaction revenue has fallen off a cliff. I dont think they have a true sense of when it will return to FY23 levels. They just say it will build into FY25. So sounds to me still down on FY23.

Say they do low $20m revenue for the year.. it means they are trading 4x revenue which was okay back in the free money days but now considered expensive

Hey rawz ….latest report on revenue multiples from Clare

https://assets-global.website-files....2020240212.pdf