Proactive Investors - IQGeo has announced a Capital Markets Day (CMD) on November 29, which house broker Cavendish says should be an important event for the software business.
The CMD, led by the CEO and senior leaders, will feature product demos and Tier-1 customer endorsements to underscore its integrated solutions' significance to clients.
IQGeo (LON:IQG) announced the CMD alongside a trading update emphasising that it was on track to hit its targets this year and next due to a growing pipeline of revenue opportunities.
The tiered Editions strategy, including Insight and Professional editions, has already secured new US customers since its October launch, showing potential for global expansion.
Cavendish adds that IQGeo's stock trades at 3 times its EV/Sales ratio with 14% sales growth, 16 times EV/EBITDA with 58% EBITDA growth, and a 3% EFCF yield.
This positions it favourably compared to peers in the global GIS and infrastructure software industry.
The company remains optimistic about additional contract wins, expansions, new modules, and M&A opportunities, noted the broker.