My summary of Ike’s results:

• Results: Fairly shit quarter. They guided that would be the case, doesn’t it make that much easier to digest. 
• Context: But hey, they grew 93% last year, so we’ll cut em’ some slack.
• Future: Lack of comments, or change of tune on future growth would have been concerning. Instead we got Glenn’s classic optimism “we expect transaction volumes to build strongly throughout FY24. We have not changed our growth outlook from a broader FY24 perspective.”
• Exciting: I appreciated the mention of the soft-launch for PoleForeman. “It is also expected to enable IKE to generate more than five times the level of subscription revenue per annum per customer under the new per seat pricing model vs the legacy solution. “ We’ll see about that. 
• Deep dive: My thoughts from my original deep dive remain. Link here: https://www.goforgrowth.co/p/ikegps-ikeasx

PS. @mikebrisy, you are a beast on the speed at which you write these updates. Great thoughts. 

Ike will release prelim full year results in just about 2 weeks. Very keen to see what comes out.

I wrote about them today for those keen to understand the business in more depth: https://goforgrowthco.substack.com/p/ikegps-ikeasx

I'll be looking for:

• Can they break the $30M revenue mark this year?
• What's happened to the bottom line; will they stay on the trend of profitability?
• Cash burn: what was that like this year
• Early feedback on new products; how are Insights and Analyze trending?
• Full year gross margins.