New Zealand · Delayed Price · Currency is NZD ikeGPS Group Earnings Call Transcripts
Fiscal Year 2026
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Subscription revenue grew 33% year-over-year, with gross margin rising to 81% and positive EBITDA achieved in March. AI-driven efficiencies and a shift to recurring revenue models are driving profitability, while new products and price increases are set to boost future growth.
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Third quarter saw robust subscription revenue growth of 35% and improved gross margins, with ARR reaching NZD 21.1 million. Transactional services faced headwinds from delayed broadband funding, but restructuring improved margins and the outlook remains strong.
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Platform subscription revenue grew 47% year-over-year, with strong user adoption and 93% margins. Transaction revenue declined due to U.S. regulatory delays, but the business remains profitable and well-capitalized, with significant market opportunity ahead.
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Solid Q1 FY26 performance with nearly 30% subscription revenue growth and gross margin up to 76%. Recurring revenue now 88% of total, strong pipeline supports 35%+ subscription growth guidance, and recent capital raise fully funds growth initiatives.
Fiscal Year 2025
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Strong revenue growth and a robust cash position were highlighted, with a focus on North American market expansion and new AI-driven products. Shareholders approved auditor remuneration and director reelection, and the board addressed governance, competition, and growth constraints.
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Subscription revenue exit run rate grew nearly 50% year-over-year, with total revenue up 19% and gross margin improving to 69%. FY2026 guidance targets 35%+ ARR growth, driven by electric utility demand, with continued margin expansion expected.
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Strong subscription revenue growth (up 43% YoY) and recurring revenue now at 86% of total mix. Cash and receivables increased by NZD 4 million, with gross margin improvements across all segments. Ongoing product innovation and market expansion continue to drive performance.
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Platform subscription revenue grew 38% CAGR to NZD 6.5M, with strong customer retention and rapid adoption of new AI-driven products. Gross margin improved to 67%, and the company maintains a robust cash position while forecasting continued high growth for FY2025.
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Q1 FY2025 delivered strong subscription revenue growth and margin expansion, driven by new product adoption and operational efficiencies. The outlook remains positive, with no capital raise expected and continued investment in AI and product innovation.
Fiscal Year 2024
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Strong subscription growth, new product launches, and major US utility contracts drove performance, despite a drop in transaction revenue. Board changes and strategic investments in AI and training position the company for continued expansion. Voting on all resolutions was conducted electronically.