IkeGPS downgraded after weaker first-quarter results
Analyst Bell Potter has downgraded IkeGPS following disappointing first-quarter trading figures from the pole assessment technology company.
IkeGPS, a dual-listed utility pole assessment technology firm, released first-quarter results that came in weaker than expected. The company reported subscription revenue of $5.3 million, up 27% year-on-year. Following the update, analyst Bell Potter downgraded the company.
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IkeGPS downgraded after weaker-than-expected first quarter
Bell Potter has downgraded IkeGPS after the technology company’s first-quarter trading update came in weaker than expected. The dual-listed utility pole assessment technology firm on Wednesday said first-quarter subscription revenue rose by 27% from a year earlier to $5.3 million.