Buy Or Sell Opportunity • May 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to NZ$1.29. The fair value is estimated to be NZ$1.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Major Estimate Revision • Apr 28
Consensus EPS estimates upgraded to NZ$0.041 loss, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from NZ$28.3m to NZ$26.8m. 2026 losses expected to reduce from -NZ$0.046 to -NZ$0.041 per share. Electronic industry in New Zealand expected to see average net income growth of 54% next year. Consensus price target down from NZ$1.19 to NZ$1.13. Share price rose 8.2% to NZ$1.19 over the past week. Breakeven Date Change • Apr 28
Forecast breakeven date pushed back to 2029 The 5 analysts covering ikeGPS Group previously expected the company to break even in 2028. New consensus forecast suggests the company will make a profit of NZ$3.79m in 2029. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Duyuru • Apr 21
ikeGPS Group Limited to Report Q4, 2026 Results on Apr 23, 2026 ikeGPS Group Limited announced that they will report Q4, 2026 results on Apr 23, 2026 Buy Or Sell Opportunity • Mar 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to NZ$0.90. The fair value is estimated to be NZ$1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 92% in the next 2 years. Buy Or Sell Opportunity • Feb 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to NZ$0.90. The fair value is estimated to be NZ$1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 98% in the next 2 years. New Risk • Jan 31
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: NZ$14m Forecast net loss in 2 years: NZ$299k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$299k net loss in 2 years). Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NZ$29.7m to NZ$28.9m. Losses expected to increase from NZ$0.037 per share to NZ$0.041. Electronic industry in New Zealand expected to see average net income growth of 46% next year. Consensus price target of NZ$1.19 unchanged from last update. Share price fell 5.5% to NZ$1.04 over the past week. Duyuru • Jan 27
ikeGPS Group Limited to Report Q3, 2026 Results on Jan 29, 2026 ikeGPS Group Limited announced that they will report Q3, 2026 results on Jan 29, 2026 New Risk • Jan 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of New Zealander stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$442k net loss in 2 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Reported Earnings • Nov 29
First half 2026 earnings released: NZ$0.025 loss per share (vs NZ$0.04 loss in 1H 2025) First half 2026 results: NZ$0.025 loss per share (improved from NZ$0.04 loss in 1H 2025). Revenue: NZ$12.8m (up 5.6% from 1H 2025). Net loss: NZ$4.37m (loss narrowed 39% from 1H 2025). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Nov 28
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: NZ$14m Forecast net loss in 2 years: NZ$28k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$28k net loss in 2 years). Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Breakeven Date Change • Oct 28
Forecast to breakeven in 2028 The 4 analysts covering ikeGPS Group expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 59% per year to 2027. The company is expected to make a profit of NZ$1.48m in 2028. Average annual earnings growth of 88% is required to achieve expected profit on schedule. Duyuru • Oct 07
Ikegps Launches Ai-Powered Assistant to Increase Productivity for Analyzing Utility Pole Data ikeGPS announced the launch of PolePilot™?, a new automated assistant for utility pole data analysis. Powered by IKE's advanced AI/ML algorithms and image recognition capabilities, PolePilot is designed to accelerate common tasks involving overhead asset data. Now available within IKE Office Pro, IKE's leading pole data management solution, PolePilot automatically detects and annotates equipment and heights of attachment on utility poles, including power and communications lines, transformers and streetlights. By applying computer vision models designed with IKE's expertise in pole imagery, PolePilot materially reduces the time and costs required to annotate pole equipment, human error, data inconsistencies and onboarding time for new analysts. This development expands on the strength of IKE's intelligent automation capabilities, which include automated applications for double wood detection and joint-use ticket management. Future applications of PolePilot's process automation capabilities are planned across the IKE overhead asset management suite. IKE conducted a beta program with users to test PolePilot's accuracy, efficiency and usability in real-life utility industry use cases. Program participants achieved faster pole annotation and improved consistency during the beta testing period. They identified additional benefits, including accelerated training and QC processes and optimized display and reporting of data. New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$231k net loss in 3 years). Share price has been volatile over the past 3 months (5.7% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (NZ$168.6m market cap, or US$99.3m). New Risk • Sep 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NZ$168.6m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$231k net loss in 3 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (NZ$168.6m market cap, or US$98.8m). New Risk • Aug 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: NZ$16m Forecast net loss in 3 years: NZ$231k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$231k net loss in 3 years). Shareholders have been diluted in the past year (21% increase in shares outstanding). Breakeven Date Change • Aug 14
Forecast to breakeven in 2028 The 4 analysts covering ikeGPS Group expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 56% per year to 2027. The company is expected to make a profit of NZ$1.05m in 2028. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Duyuru • Aug 13
ikeGPS Group Limited, Annual General Meeting, Sep 30, 2025 ikeGPS Group Limited, Annual General Meeting, Sep 30, 2025. New Risk • Jul 18
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: NZ$16m Forecast net loss in 3 years: NZ$612k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$612k net loss in 3 years). Market cap is less than US$100m (NZ$158.0m market cap, or US$93.7m). Breakeven Date Change • Jul 18
No longer forecast to breakeven The 4 analysts covering ikeGPS Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of NZ$1.34m in 2028. New consensus forecast suggests the company will make a loss of NZ$612.1k in 2028. Duyuru • Jul 17
ikeGPS Group Limited to Report Q1, 2026 Results on Jul 22, 2025 ikeGPS Group Limited announced that they will report Q1, 2026 results on Jul 22, 2025 Duyuru • Jul 14
ikeGPS Group Limited has completed a Follow-on Equity Offering in the amount of AUD 18.000001 million. ikeGPS Group Limited has completed a Follow-on Equity Offering in the amount of AUD 18.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,222,223
Price\Range: AUD 0.81
Transaction Features: Subsequent Direct Listing Price Target Changed • Jul 12
Price target increased by 15% to NZ$1.15 Up from NZ$0.99, the current price target is an average from 2 analysts. New target price is 23% above last closing price of NZ$0.93. Stock is up 107% over the past year. The company is forecast to post a net loss per share of NZ$0.033 next year compared to a net loss per share of NZ$0.10 last year. Duyuru • Jul 02
ikeGPS Group Limited Announces Resignation of Brian Musfeldt as Chief Financial Officer, Effective 15 July 2025 ikeGPS Group Limited (IKE) announced that U.S.-based Chief Financial Officer (CFO) Brian Musfeldt has advised the Company of his decision to resign, effective 15 July 2025. Mr. Musfeldt has accepted another significant opportunity in the energy industry outside of the Company. He has served IKE with distinction and played a central role in its ongoing financial strength and performance. IKE remains in a very strong growth, operating and financial position, and the Company continues to execute successfully on its strategic plan. A formal search process for a new CFO has commenced. New Risk • Jun 04
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: NZ$15m Forecast net loss in 3 years: NZ$81k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$81k net loss in 3 years). Market cap is less than US$100m (NZ$151.1m market cap, or US$90.9m). Reported Earnings • May 30
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: NZ$0.10 loss per share (further deteriorated from NZ$0.094 loss in FY 2024). Revenue: NZ$25.2m (up 19% from FY 2024). Net loss: NZ$16.3m (loss widened 8.6% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • May 29
ikeGPS Group Limited to Report Fiscal Year 2025 Results on May 29, 2025 ikeGPS Group Limited announced that they will report fiscal year 2025 results on May 29, 2025 Breakeven Date Change • May 07
Forecast to breakeven in 2028 The 3 analysts covering ikeGPS Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of NZ$1.11m in 2028. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Duyuru • Apr 14
ikeGPS Group Limited to Report Fiscal Year 2025 Results on Apr 22, 2025 ikeGPS Group Limited announced that they will report fiscal year 2025 results on Apr 22, 2025 Breakeven Date Change • Apr 03
No longer forecast to breakeven The 3 analysts covering ikeGPS Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of NZ$1.30m in 2027. New consensus forecast suggests the company will make a loss of NZ$470.8k in 2027. Duyuru • Feb 13
ikeGPS Group Limited SHS to Be Deleted from OTC Equity ikeGPS Group Limited SHS (New Zealand) will be deleted from OTC Equity effective February 12, 2025, due to Inactive Security. Price Target Changed • Feb 11
Price target increased by 11% to NZ$0.92 Up from NZ$0.83, the current price target is provided by 1 analyst. New target price is 12% above last closing price of NZ$0.82. Stock is up 52% over the past year. The company is forecast to post a net loss per share of NZ$0.063 next year compared to a net loss per share of NZ$0.094 last year. New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of New Zealander stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$1.5m net loss in 2 years). Significant insider selling over the past 3 months (NZ$2.3m sold). Market cap is less than US$100m (NZ$99.7m market cap, or US$56.6m). Duyuru • Jan 17
ikeGPS Group Limited to Report Nine Months, 2025 Results on Jan 28, 2025 ikeGPS Group Limited announced that they will report nine months, 2025 results on Jan 28, 2025 New Risk • Dec 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$1.1m net loss in 2 years). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NZ$90.0m market cap, or US$51.8m). Reported Earnings • Nov 27
First half 2025 earnings released: NZ$0.04 loss per share (vs NZ$0.04 loss in 1H 2024) First half 2025 results: NZ$0.04 loss per share (in line with 1H 2024). Revenue: NZ$12.2m (up 16% from 1H 2024). Net loss: NZ$7.11m (loss widened 3.8% from 1H 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Nov 22
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: NZ$15m Forecast net loss in 2 years: NZ$1.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$1.1m net loss in 2 years). Market cap is less than US$100m (NZ$99.7m market cap, or US$58.1m). Duyuru • Nov 19
ikeGPS Group Limited to Report First Half, 2025 Results on Nov 21, 2024 ikeGPS Group Limited announced that they will report first half, 2025 results on Nov 21, 2024 Breakeven Date Change • Oct 29
Forecast to breakeven in 2027 The 3 analysts covering ikeGPS Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of NZ$3.05m in 2027. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Duyuru • Oct 21
ikeGPS Group Limited to Report First Half, 2025 Results on Oct 24, 2024 ikeGPS Group Limited announced that they will report first half, 2025 results on Oct 24, 2024 Duyuru • Aug 13
ikeGPS Group Limited, Annual General Meeting, Sep 27, 2024 ikeGPS Group Limited, Annual General Meeting, Sep 27, 2024. New Risk • Jul 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of New Zealander stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Market cap is less than US$100m (NZ$88.2m market cap, or US$52.5m). Duyuru • Jul 11
ikeGPS Group Limited to Report Q1, 2025 Results on Jul 15, 2024 ikeGPS Group Limited announced that they will report Q1, 2025 results on Jul 15, 2024 Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 90% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NZ$29.7m to NZ$28.9m. Losses expected to increase from NZ$0.027 per share to NZ$0.051. Electronic industry in New Zealand expected to see average net income growth of 3.1% next year. Consensus price target of NZ$0.83 unchanged from last update. Share price rose 6.7% to NZ$0.47 over the past week. Reported Earnings • Jun 04
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: NZ$0.09 loss per share (further deteriorated from NZ$0.049 loss in FY 2023). Revenue: NZ$21.1m (down 32% from FY 2023). Net loss: NZ$15.0m (loss widened 91% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. New Risk • Jun 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: NZ$16m Forecast net loss in 3 years: NZ$1.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-NZ$14m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (NZ$1.0m net loss in 3 years). Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (NZ$74.6m market cap, or US$45.8m). Duyuru • May 28
ikeGPS Group Limited to Report Fiscal Year 2024 Results on May 30, 2024 ikeGPS Group Limited announced that they will report fiscal year 2024 results on May 30, 2024 Breakeven Date Change • Apr 22
No longer forecast to breakeven The 3 analysts covering ikeGPS Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of NZ$1.82m in 2026. New consensus forecast suggests the company will make a loss of NZ$233.6k in 2026. Duyuru • Apr 16
ikeGPS Group Limited to Report Fiscal Year 2024 Results on Apr 18, 2024 ikeGPS Group Limited announced that they will report fiscal year 2024 results on Apr 18, 2024 New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of New Zealander stocks, typically moving 6.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NZ$14m free cash flow). Share price has been highly volatile over the past 3 months (6.8% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$216k net loss in 2 years). Market cap is less than US$100m (NZ$84.9m market cap, or US$51.4m). New Risk • Dec 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: NZ$16m Forecast net loss in 2 years: NZ$407k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NZ$14m free cash flow). Less than 1 year of cash runway based on free cash flow trend (-NZ$14m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (NZ$407k net loss in 2 years). Market cap is less than US$100m (NZ$84.8m market cap, or US$52.3m). Market cap is less than US$100m (NZ$84.8m market cap, or US$52.3m). Reported Earnings • Nov 30
First half 2024 earnings released: NZ$0.04 loss per share (vs NZ$0.007 profit in 1H 2023) First half 2024 results: NZ$0.04 loss per share (down from NZ$0.007 profit in 1H 2023). Revenue: NZ$10.5m (down 32% from 1H 2023). Net loss: NZ$6.85m (down NZ$7.96m from profit in 1H 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Oceania. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Breakeven Date Change • Nov 30
Forecast breakeven date pushed back to 2026 The 2 analysts covering ikeGPS Group previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 58% per year to 2025. The company is expected to make a profit of NZ$3.81m in 2026. Average annual earnings growth of 99% is required to achieve expected profit on schedule. Duyuru • Nov 21
ikeGPS Group Limited Appoints Roz Buick as Non-Executive Director ikeGPS Group Limited announced the appointment of Roz Buick as a non-executive director. Roz brings more than 25 years' experience from executive leadership positions across global utility, engineering, construction, real estate and agriculture markets with companies including Oracle Inc. and Trimble Inc. Roz is an industry leader who has led businesses through new growth strategies that are market differentiating and innovative, both with product and go to market strategies. Roz's past roles include: At Oracle, Senior Vice President of Strategy, Product, Development and Marketing, Construction & Engineering Global Business. Based in Colorado, USA. At Trimble Inc. Senior Vice President, overseeing and managing the global Buildings business strategy and entire construction continuum including businesses for Architects & Designers, Structural Steel & Concrete Engineers & Contractors, General Contractors, Specialty Mechanical Electrical & Plumbing Contractors and Real Estate & Workplace professionals. Based in Colorado, USA. Board director at Grupo Protexa (Mexico & Latin America an energy & utilities EPC business); Board directorships at a variety of global technology entities including Propeller Aero in civil infrastructure construction and FrameCAD in cold-form steel hardware and software solutions for residential and commercial construction applications. Duyuru • Oct 24
ikeGPS Group Limited to Report First Half, 2024 Results on Oct 25, 2023 ikeGPS Group Limited announced that they will report first half, 2024 results on Oct 25, 2023 Duyuru • Oct 19
ikeGPS Releases IKE PoleForeman Structural Analysis Software ikeGPS announced the release of IKE PoleForeman structural analysis software. The software builds on PoleForeman's twenty-two-year-old reputation for allowing users to conduct defendable pole load analysis that complies with or exceeds National Electrical Safety Code (NESC) standards for overhead pole line design. Invented by IKE's Senior VP of Structural Analysis Malcolm Young in the early 2000s, PoleForeman has become one of the most widely used structural analysis software programs for designing and maintaining overhead power distribution pole lines. It is trusted by many of the communications companies and seven of the ten investor-owned electric utilities in the US. IKE PoleForeman adds multiple-pole analysis, enhanced 3D graphics, 2023 NESC, a secure modern code base, a self-administered database admin portal, and other exciting features and enhancements. The software's release comes as the grid modernizes and the industry seeks to optimize investments in pole assets while complying with the 2023 NESC, ensuring the levels of safety to protect workers, facilities, and the public during the installation, operation, and maintenance of communication and supply infrastructure. Duyuru • Sep 13
ikeGPS Group Limited, Annual General Meeting, Sep 29, 2023 ikeGPS Group Limited, Annual General Meeting, Sep 29, 2023, at 11:30 NZST - New Zealand Standard. Agenda: To consider the directors of the Company are authorized to fix the auditor's remuneration; To consider Mr Alex Knowles, who retires by rotation and is eligible for re-election, is re-elected as a director of ikeGPS Group Limited. Duyuru • Aug 10
IKE Appoints Brett Willitt as SVP Product Management IKE appointed Brett Willitt as its SVP of Product Management, to be based in the company's United States operation. Brett has a range of experiences directly relevant to the market and core customers that IKE addresses. Brett is the former President of structural analysis and structure management software company SPIDA Software (SPIDA). SPIDA was acquired by NASDAQ listed Bentley Systems Inc. in 2021, where Brett subsequently led segments of Bentley's' distribution network software initiative. Prior to his tenures at Bentley Systems and at SPIDA Software, Brett held other prominent positions in the energy industry, including Product Engineering Manager at national engineering group Osmose Utilities Services and Joint-Use product manager at FirstEnergy Utility. Brett began his career as a network planning engineer for Verizon. Overall, he has more than 25 years of experience in building technology solutions for the North American communications and electric utility sectors, with a focus on Outside Plant and Joint Use infrastructure, which are the core applications for IKE's product suite. He holds a BS in Civil Engineering from Clarkson University. Duyuru • Aug 03
ikeGPS Group Limited (NZSE:IKE) acquired assets of Marne & Associates. ikeGPS Group Limited (NZSE:IKE) acquired assets of Marne & Associates on August 2, 2023. The acquisition is expected to be accretive immediately, although not materially relative to IKEs revenue profile. ikeGPS Group Limited (NZSE:IKE) completed the acquisition of assets of Marne & Associates on August 2, 2023. Duyuru • Jul 25
ikeGPS Group Limited to Report Q1, 2024 Results on Jul 26, 2023 ikeGPS Group Limited announced that they will report Q1, 2024 results on Jul 26, 2023 Reported Earnings • May 31
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: NZ$0.05 loss per share. Revenue: NZ$30.8m (up 93% from FY 2022). Net loss: NZ$7.89m (flat on FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in Oceania. Duyuru • May 26
ikeGPS Group Limited to Report Fiscal Year 2023 Results on May 30, 2023 ikeGPS Group Limited announced that they will report fiscal year 2023 results on May 30, 2023 Duyuru • May 17
ikeGPS Group Limited Announces Executive Changes ikeGPS Group Limited announced that it has appointed Brian Musfeldt as its new Chief Financial Officer (CFO) to be based in the company's Colorado headquarters. Stephen Fairbrother, IKE's current CFO, will leave the company that he joined in 2018 as financial controller to pursue other opportunities, with Brian taking over in June 2023 after a handover period. Brian has a range of experiences relevant to IKE's industry and growth trajectory. Most recently he was CFO of Also Energy Inc., where he was part of the executive team that grew the business at more than 30% CAGR over six years and led its sale to NYSE-listed STEM Inc. for USD 652 million. Prior to this, Brian has held CFO roles with companies including Zayo Bandwidth Inc. - a high- growth national fibre business, MST Global inc. - an industrial network and software provider for critical communication and network solutions, and Intermap Technologies Inc. - a SaaS provider of Geospatial data for infrastructure and other industrial applications. Brian, who has an MBA from Colorado State University, began his career as a Certified Public Accountant with six years at KPMG /Arthur Anderson as an audit manager focused on the high-tech & manufacturing sectors. Breakeven Date Change • May 06
Forecast breakeven date moved forward to 2024 The 2 analysts covering ikeGPS Group previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of NZ$200.0k in 2024. Average annual earnings growth of 121% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 04
Forecast breakeven date pushed back to 2025 The 2 analysts covering ikeGPS Group previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 50% per year to 2024. The company is expected to make a profit of NZ$1.95m in 2025. Average annual earnings growth of 86% is required to achieve expected profit on schedule. Recent Insider Transactions • Feb 24
Insider recently sold NZ$3.6m worth of stock On the 15th of February, Kevin Douglas sold around 4m shares on-market at roughly NZ$0.90 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buying Opportunity • Feb 10
Now 20% undervalued Over the last 90 days, the stock is up 6.6%. The fair value is estimated to be NZ$1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 63% in 2 years. Earnings is forecast to grow by 11% in the next 2 years. Duyuru • Jan 27
ikeGPS Group Limited to Report Q3, 2023 Results on Feb 07, 2023 ikeGPS Group Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Reported Earnings • Nov 30
First half 2023 earnings released: EPS: NZ$0.035 (vs NZ$0.04 loss in 1H 2022) First half 2023 results: EPS: NZ$0.035 (up from NZ$0.04 loss in 1H 2022). Revenue: NZ$15.4m (up 170% from 1H 2022). Net income: NZ$1.11m (up NZ$7.32m from 1H 2022). Profit margin: 7.2% (up from net loss in 1H 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Oceania. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 30
ikeGPS Group Limited, Annual General Meeting, Sep 29, 2022 ikeGPS Group Limited, Annual General Meeting, Sep 29, 2022. Reported Earnings • Jun 01
Full year 2022 earnings released: NZ$0.05 loss per share (vs NZ$0.062 loss in FY 2021) Full year 2022 results: NZ$0.05 loss per share. Revenue: NZ$16.0m (up 71% from FY 2021). Net loss: NZ$7.86m (loss widened 4.9% from FY 2021). Breakeven Date Change • Apr 27
No longer forecast to breakeven The analyst covering ikeGPS Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of NZ$400.0k in 2024. New forecast suggests the company will make a loss of NZ$3.60m in 2024. Reported Earnings • Dec 02
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: NZ$0.04 loss per share (down from NZ$0.02 loss in 1H 2021). Revenue: NZ$5.72m (up 30% from 1H 2021). Net loss: NZ$6.22m (loss widened 142% from 1H 2021). Revenue missed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 76%, compared to a 56% growth forecast for the industry in New Zealand. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Breakeven Date Change • Dec 01
No longer forecast to breakeven The analyst covering ikeGPS Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of NZ$400.0k in 2024. New forecast suggests the company will make a loss of NZ$3.60m in 2024. Reported Earnings • Jul 01
Full year 2021 earnings released: NZ$0.062 loss per share (vs NZ$0.063 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: NZ$9.32m (down 5.2% from FY 2020). Net loss: NZ$7.49m (loss widened 24% from FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Jun 03
Forecast to breakeven in 2024 The analyst covering ikeGPS Group expects the company to break even for the first time. New forecast suggests the company will make a profit of NZ$700.0k in 2024. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Reported Earnings • Jun 01
Full year 2021 earnings released: NZ$0.06 loss per share (vs NZ$0.059 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: NZ$9.32m (down 5.2% from FY 2020). Net loss: NZ$7.42m (loss widened 30% from FY 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.