WDT - Wellington Drive Technologies

[kiora]

W69
Was "just a low margin manufacturer of engines"
https://stocknessmonster.com/announc...dt.nzx-296214/
2016 competing on price of motors but initiating IOT
2020 38% of revenue from IOT.
https://stocknessmonster.com/announc...dt.nzx-347362/
GP% slowly increasing

Time will tell

Is this a game changer?
https://www.imberacooling.com/global/innovation
WDT appears to have been proactive in this space
A global refrigeration player seeking an agreement with WDT on using its IOT
WDT would have to hope so

[whatsup]

Is this a game changer?
https://www.imberacooling.com/global/innovation
WDT appears to have been proactive in this space
A global refrigeration player seeking an agreement with WDT on using its IOT
WDT would have to hope so

Could be, TWT !

[kiora]

Yes TWT if it can get its ducks in a row

[whatsup]

Yes TWT if it can get its ducks in a row

getting them on the pond will be a nice starter !!

[Leftfield]

Is this a game changer?
https://www.imberacooling.com/global/innovation
WDT appears to have been proactive in this space
A global refrigeration player seeking an agreement with WDT on using its IOT
WDT would have to hope so

Not yet..... once step forward.... one step back (seems to be a continuing theme for WDT)

Latest financials just released

Wellington Drive Technologies (Wellington and the Company), a leading
provider of Internet of Things (IoT) solutions and energy efficient motors to
the retail food and beverage industry, today announced its unaudited trading
results for the nine months ended September 2020.

Financial Performance

Metric $ Q3 2020 Q3 2019 Change
Revenue $26.5m $45.9m -42.3%
Wellington Connect(TM) IoT revenue $9.2m $17.5m -47.4%
ECR(R) 2 motor revenue $11.4m $16.6m -31.3%
ECR legacy motor revenue $5.1m $10.4m -51.0%
Gross profit $7.9m $11.9m -33,9%
Gross margin % 29.8% 26.0% +3.8%
Operating expenses net of other income $6.8m $8.8m -22.8%
EBITDA1 $1.07m $3.10m -65.4%
EBIT -$1.14m $1.30m -$2.44m
Profit (loss) -$1.47m $0.58m -$2.05m

[winner69]

At least Q3 wasn't as bad as Q2 ....revenues only down 52%

They used to fighting for their survival - shareholders will see them right

Smart move by them giving the super good news yesterday eh

Finally learning how to play the market - good on them

[kiora]

If not SHers then East West Manufacturing will see them right ?
One would think Imbera wouldn't have reached their agreement unless WDT had a long term future?

Only +ve from FR was Gross margin % increasing.By selling less motors ? and more IOT?

[whatsup]

Cash $3.4 mil, another cash issue at what price ?

[sunnysleeper11]

hopefully the unluckiest company on the NZX has finally got lucky

Hi Winner - just wondering what you meant by 'unluckiest company'. I don't know too much of their history. Thanks

[sb9]

Looks like our man Greg had enough and heading back to Canada, but he's not fully gone still be director for the company, suppose that shows his commitment.

Hope new CEO might be the lucky charm the company and shareholders need.