New Zealand's IkeGPS Q1 revenue flat, subscription run rate up 31%

Ikegps

28/07/2026 21:39

Overview
New Zealand geospatial solutions provider's Q1 FY27 total revenue flat yr/yr at NZ$6.4 mln
Subscription revenue exit run rate up 31% yr/yr; gross margin rose to 82% from 75%
Company maintains FY27 guidance for ~35% ARR growth, expects new products in 2H

Outlook
IkeGPS maintains FY27 guidance for ~35% ARR growth
Company expects new products in 2H to drive further ARR expansion

Result Drivers
SUBSCRIPTION GROWTH - Co said 31% yr/yr increase in subscription revenue exit run rate and 27% rise in platform subscription revenue drove performance
SOFT SERVICES REVENUE - Co said flat total revenue reflected interim softness in one-off and lower margin services revenue
GROSS MARGIN IMPROVEMENT - Co reported gross margin rose to 82% from 75% yr/yr

Company press release: ID:nNZS7pCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
NZ$6.4 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)