Business
NZ's ikeGPS hits 2-week high as half-year loss narrows
NZ's ikeGPS hits 2-week high as half-year loss narrows
About this update from Ikegps Group Ltd
** Shares of ikeGPS Group NZX:IKE rise 7.9% to NZ$1.165, their highest level since November 14** Tech company heading for best day since late October, if gains hold** Co narrowsHY loss attributable to NZ$4.4 million ($2.52 million) from loss of NZ$7.1 million last year** Total revenue rises 6% from last year; reaffirms FY26 platform subscription revenue and EBITDA breakeven guidance** Says co saw strong subscription software sales in 3Q26 to date** Co up ~9.9% for the week, heading for best week since late October, if trends hold** Stock up ~107% this year, including the day's move($1 = 1.7470 New Zealand dollars)