AoFrio increases revenue 18% in third quarter

Mon, 31 Oct 2022

AoFrio, formerly Wellington Drive Technologies, has increased its revenue by 18% in the third quarter of this year.In addition, it expects the last quarter to be “three very large revenue months”.The hardware-enabled software as a service (SaaS) company, which also supplies energy-efficient motors to the global retail food and beverage industry, released its trading results for the three months to September, which saw it post revenue of $18.1 million for the period, compared with $15.3m in the same period last year.While the company...

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