Wellington Drive Technologies, a leading provider of IoT solutions and energy-efficient motors to the retail food and beverage industry, has released its H1 FY22 results for the six months ending 30 June 2022.
Despite supply chain challenges, the company achieved 4.4% revenue growth and has taken steps to protect itself from further disruption.
H1 FY22 EBITDA was -$0.6 million, with the full-year guidance reconfirmed at EBITDA $3.5 – $4.5 million.
The company is on track for a strong second half and is set to launch its new brand, AoFrio, in Q4 2022.
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