Ike posted operating revenue of $9.8 million in the year to March 31 and reported an operating loss of $5.6m.
The stock climbed 23c, or 25.56 per cent to $1.13 by mid-afternoon following the announcement.
In late July the company raised almost $20m of equity from an institutional placement of
around 14 million shares, worth $9.8m, at 68 cents per share - a 12 per cent discount to the then 5-day volume-weighted average price on the NZX.
Existing shareholders were also able to acquire one share, also at 68 cents, for every seven they currently hold. That will raise a further $9.9m and bring the total to $19.7m.
IkeGPS, which was founded in Wellington but is now headquartered in Colorado, builds laser-based field tools and mobile software apps to help electric and communication companies measure lines, poles and structures.