ikeGPS Q1 FY22 performance update

ikeGPS (IKE) is pleased to release the attached update for the quarter to 30 June 2021 (all figures NZD). Another strong period for new contracts The IKE platform allows electric utilities, communications companies, and their engineering service providers to increase speed, quality, and safety for the construction and maintenance of distribution assets. The revenue engine for IKE is driven by the number of enterprise customers subscribing to the IKE platform and the volume of assets (called Transactions) being processed through the IKE software. Highlights for the June 2021 quarter: + Revenue in the quarter of approximately $2.6m (approximately 12% higher than pcp and 30% higher than pcp on a constant currency basis). + New contracts closed in Q1 FY22 were for approximately $6.1m (greater than 300% higher than pcp). + This is another very strong quarter for new contract wins and approximately $11.5m in new contracts have been closed in the past six months as U.S. markets have bounced forward from the impacts of COVID-19 in calendar 2020. The majority of these contracts are expected to be recognized over the next 12 months. + Gross margin of approximately $1.8m (pcp of $1.7m), with a gross margin percentage of approximately 68% (pcp of 71%). + Total cash and receivables 30 June 2021 of approximately $11.2m, with no debt. Full commentary and momentum across the business is set out in the announcement. ENDS ikeGPS Group Limited 350 Interlocken Blvd, Suite 390, Broomfield CO 80021, USA Office: +1 303 222 3218 www.ikegps.com About ikeGPS We're IKE, the PoleOS Company. IKE seeks to be the standard for collecting, analysing and managing pole and overhead asset information for electric utilities, communications companies, and their engineering service providers. Contact: Simon Hinsley Investor Relations +61-401-809-653 simon@nwrcommunications.com.au Glenn Milnes CEO +1 720-418-1936 glenn.milnes@ikegps.com End CA:00376230 For:IKE Type:GENERAL Time:2021-07-27 08:30:54