ikeGPS Group Limited reported sales results for the third quarter and nine months ended December 2017. For the quarter, the company reported Spike sales, primarily into the Signage market, were soft in third quarter of fiscal year 2018 with approximately 440 units sold in the period and

For the nine months, the company reported approximately 1,750 units sold.

For the year 2018, as per previous guidance the company anticipates achieving operating cashflow breakeven in fiscal year 2018 based on sales won and shipped year to date.

For the fourth quarter, is expected to be a stronger period for Spike sales but, while remaining optimistic about the long-term potential for strong growth, IKE does not expect the targeted 3,000 unit and 50% year on year growth metric to be achieved in FY18.