InvestSMART

ikeGPS Group Limited (ASX:IKE)

ALERT: Price-sensitive ASX Announcement for IKE
Current share price for IKE : $1.040 0.075 (7.77%)+
Announcement
Release
29 May 2026 7:34AM
Price at Release
$0.965
Full Release
download
Summary
The FY26 results for ikeGPS Group Limited highlight significant growth and strategic positioning within the North American grid modernization market. The company achieved a 33% year-over-year growth in Platform Subscription Revenue, contributing to 72% of total revenue, an increase from 57% in the previous fiscal year. The company's gross margin improved to 80%, with comprehensive loss improving by $8.8M compared to the prior period. The firm added 83 new subscription customers during FY26, maintaining a high seat count growth driven by new customer acquisitions and upsells. Additionally, IKE is actively participating in the U.S. grid modernization initiatives, planning to address untapped markets and develop new products to meet customer demands.
Key Points
  • +33% YoY growth, 99% of revenue goal achieved
  • Platform Subscription Revenue grew by 33% in FY2026
  • Constant currency growth was 21%
  • Seat count growth of 15% driven by customer additions and upsells
  • 4Q Gross Margins improved to 49%, with increased offshoring
  • 72% of total revenue came from Platform Subscriptions, up from 57% in FY2025
  • 83 new subscription customers added in FY2026, averaging 1.6 per week
  • FY2026 Revenue growth of 6% vs prior calendar period
  • Gross Margin improved to 80% from 69%
  • FY2026 Comprehensive loss improved by $8.8M
  • Cash and term deposits reached $32.8m
  • IKE is capturing a significant portion of the North American market's grid modernization cycle
  • IKE's digital solutions are critical for U.S. grid resilience and compliance
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.