ikeGPS Group Limited (NZSE:IKE): Is Breakeven Near?

We feel now is a pretty good time to analyse ikeGPS Group Limited's (NZSE:IKE) business as it appears the company may be on the cusp of a considerable accomplishment. ikeGPS Group Limited, together with its subsidiaries, engages in the design, sale, and delivery of a solution for the collection, analysis, and management of distribution assets for electric utilities and communications companies in the United States. The NZ$209m market-cap company announced a latest loss of NZ$16m on 31 March 2025 for its most recent financial year result. The most pressing concern for investors is ikeGPS Group's path to profitability – when will it breakeven? We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

ikeGPS Group is bordering on breakeven, according to the 4 New Zealander Electronic analysts. They anticipate the company to incur a final loss in 2027, before generating positive profits of NZ$1.7m in 2028. Therefore, the company is expected to breakeven roughly 3 years from now. How fast will the company have to grow each year in order to reach the breakeven point by 2028? Working backwards from analyst estimates, it turns out that they expect the company to grow 90% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

Given this is a high-level overview, we won’t go into details of ikeGPS Group's upcoming projects, but, bear in mind that typically a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

View our latest analysis for ikeGPS Group

Before we wrap up, there’s one aspect worth mentioning. ikeGPS Group currently has no debt on its balance sheet, which is rare for a loss-making growth company, which usually has a high level of debt relative to its equity. The company currently operates purely off its shareholder funding and has no debt obligation, reducing concerns around repayments and making it a less risky investment.

Next Steps:

There are key fundamentals of ikeGPS Group which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at ikeGPS Group, take a look at ikeGPS Group's company page on Simply Wall St. We've also put together a list of pertinent aspects you should further research:

1. Valuation: What is ikeGPS Group worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether ikeGPS Group is currently mispriced by the market.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on ikeGPS Group’s board and the CEO’s background.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.