Capital Markets Day and Product Strategy Update-IQGEO GROUP PLC
Capital Markets Day and Product Strategy Update
IQGeo (AIM: IQG), a developer of geospatial software that is "Building better networks" for telecom and utility operators, will host a Capital Markets Day for analysts and investors and provides an update on the strong initial customer reaction to its "Editions" strategy.
Capital Markets Day
The Company will host a Capital Markets Day for analysts and investors on 29 November 2023.
Richard Petti, CEO, will be joined by senior leaders from across the Company, with product demonstrations and Tier-1 customer testimonials to showcase how the Group's lifecycle network management software strategy are vital to the success of its customers, and why they have confidence in the IQGeo team.
The event will set out more detail on the Group's total addressable market and its dynamics, notably high levels of investment in fibre broadband rollout and utility grid modernisation, that underpin IQGeo's confidence in its prospects for the future. The presenters will provide insight into the Group's strategic priorities of growing ARR as a proportion of overall revenue, product development plans, and the uniqueness of the Group's existing product set. Presentations will include:
· Market overview and 'Land & Expand' revenue strategy
· North American overview and AT&T customer story
· EMEA overview and Comsof acquisition integration story
· Customer testimonials
· Live demonstration of the IQGeo award-winning software
The Capital Markets Day is for institutional investors and sell-side analysts only. Hosted by Cavendish at its offices in 1 Bartholomew Close, London EC1A7BL, presentations will start at 10.00am and will run until 12.30pm. Places are limited so if you would like to attend in-person please contact IR@cavendish.com.
There will also be a live webcast for attendees who wish to join the event virtually and a copy of the presentation will be available on IQGeo's website after the event.
There will be no new material financial information provided at the Capital Markets Day. The Company published its half-year results on 25 September 2023 in which the Group demonstrated strong performance and growth across all key financial metrics from its continued focus on its core telecoms and utility markets. The Board reiterates the outlook set out in the interim financial statements and its high level of confidence in achieving growth aspirations for this current financial year and the next is underpinned by a strong and growing pipeline of near- and longer-term revenue opportunities.
Product Strategy Update
The Company recently announced a new go to market strategy for its Network Manager Telecom software with three new Editions called Insight, Professional, and Enterprise to provide rapid startup for fibre network operators and a seamless path to automating and scaling up business processes. These different Editions are designed to provide fibre operators of any size and scope with a network management solution that meets their technical and budget requirements, and allows IQGeo to address a wide range of potential customers through a single software platform, with a seamless upgrade path as their networks scale.
The Enterprise Edition is for those customers that demand more advanced configuration and customisation for their network deployments, designed particularly for the Company's traditional customers amongst large and medium and telecoms and utilities network operators.
The Insight and Professional editions are designed as a software-only packaged solution that can be running in reduced timescales without need for custom configuration. The Insight Edition has been successfully launched as the upgrade path for the Company's OSPInsight software customer base, acquired by IQGeo in December 2020, and follows a subscription-based SaaS revenue model.
The Company has been pleased with customer reaction to the Insight and Professional editions with two new customers already subscribing to this solution since the US launch in October and a significant pipeline growing on the back of interest from both its OSPInsight customer base and new customers alike.