IQGeo Group PLC (AIM:IQG) has announced it will hold a capital markets day for investors later this month on the back of the successful initial launch of a new market strategy.
Investors will be invited to attend the 29 November event at broker Cavendish’s offices in London, where chief executive Richard Petti will provide an update on the group’s strategy.
Though no new material financial updates will be given, IQGeo said, the meeting comes after the launch of a new market strategy for its network manager telecom software in the US.
This has seen three editions of the software, known as insight, professional and enterprise, offered to network operators to provide more rapid and seamless upgrades.
“The company has been pleased with customer reaction to the insight and professional editions,” IQGeo said, following the launch in October.
Two new customers have already subscribed to these solutions since launch, the network management software provider added.
Ahead of the capital markets day, IQGeo added: “The board reiterates the outlook set out in the interim financial statements.”
“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.”