AoFrio has reaffirmed its guidance for the year ending December 31, 2024, with revenue now expected to be at the top end of the previously provided range.
The company anticipates revenue of around $79 million, representing a growth rate of approximately 18.7%.
It also remains on track to achieve its ebitda target of $2.5m.
In addition, AoFrio provided an update on its SaaS solution for food retail customers, stating that three proof-of-concept trials have been completed and initial orders are now anticipated in early 2025.
The company expects revenue from this solution to include a recurring SaaS component.
Looking ahead to 2025, AoFrio expects revenue in the range of $85m to $95m, a 14% increase over 2024 at the midpoint of the range.
Ebitda guidance for 2025 is targeted at $3.5m to $4m.
However, the company cautioned that macroeconomic conditions may impact this guidance.
See more
