Wellington Drive limps on, fails to get into the black - again

Thu, 30 Aug 2018

By Nikki Mandow Aug. 30 (BusinessDesk) - Wellington Drive Technology continued its as-yet-fruitless journey towards profitability. The company, which started life as a market-darling developer of energy-efficient motors, and has since expanded into areas as diverse as the internet of things (IoT) and retail food and beverage, reported a net loss of $200,000 for the half-year ended June 30. That compares to a $500,000 loss for the same period last year. The company’s shares traded above $10 at various times in the early and mid 2000s, b...

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