WDT - Wellington Drive Technologies

[winner69]

And still the CEO hasn't put any of his own money in
Why why why???

Does it really matter when if things go OK and he hangs around he will end up owning a decent chunk of the business. Think that is enough of an incentive .... quite a bit on the line

From AR

Greg Balla does not participate in the Company’s STI programme. He has been issued 12,930,000 share options representing 2.99% of the Company’s ordinary shares at the time of issue. Provided he is a full-time employee at that date, 8.62 million options shall vest on 1 October 2024 and may be exercised within 18 months following 1 October 2024 at an exercise price of 9.1 cents per share. Provided he is a full-time employee on 1 October 2025, a further 4.31 million options shall vest on 1 October 2025 and may be exercised within 18 months of that date at an exercise price
of 11.5 cents per share.

[kiora]

A lot to like
https://stocknessmonster.com/announc...of.nzx-405517/
"“IoT products grew by 47% to make up 50% of 2022 revenue, compared to 39% in 2021"
"FY23 Outlook
Operating plans and financial budget for 2023 has been approved by the directors. The business is
forecasting revenue growth exceeding 30% in FY23, trending AoFrio towards becoming a NZ$100 million
revenue company. EBITDA is expected to be around $3.5 million. The forecasts assume a US$ / NZ$ rate of
0.6445.
“Our 2023 business plan leverages our current product range (Connect SCS, ECR motors) to new
customers, as well as recently developed products (Network Pro and Connect Monitor) and new products
under development for existing and adjacent markets (bottle coolers, ice cream, food service, beer, medical).
“To achieve this revenue growth, we are investing in new product development and the addition of specialist
skilled people. Operating costs as a result increase by $6 million. The 2023 budget also includes capital
expenditure of $2.5 million. All investments will be funded out of operating cash flows,” says Balla"

Interesting how SP & number of shares ? traded has been elevated in prior week before announcement!
https://stocknessmonster.com/charts/aof.nzx/

[winner69]

Good stuff eh Kiora

Don't make much money do they for all that outstanding effort - suppose retained losses of $113m will increase a bit more

Must piss a few off when full year ebitda guidance that started off at nearly $5m and then reduced to $2.5m-$3.0m and then going to end up at $1.5m.

Wonder where the FY23 guidance of $3.5m will end up?

[kiora]

Good stuff eh Kiora

Don't make much money do they for all that outstanding effort - suppose retained losses of $113m will increase a bit more

Must piss a few off when full year ebitda guidance that started off at nearly $5m and then reduced to $2.5m-$3.0m and then going to end up at $1.5m.

Wonder where the FY23 guidance of $3.5m will end up?

Glass only slightly more than half full then W69 ?

[Rawz]

I dont mind a company running loses during the start up phase but come on this company has been at it since 1986- going to do $100m revenue all for nothing?

whats the point. their customers must be laughing all the way to the bank getting the product or service at cost

[winner69]

Another year passes and another ‘pleasing’ result

On track to $100m revenues

Wonder if they will be npbt positive by then

http://nzx-prod-s7fsd7f98s.s3-websit...351/389454.pdf

[winner69]

Wonder how many tune in

http://nzx-prod-s7fsd7f98s.s3-websit...174/390507.pdf

[haewai]

Wonder how many tune in

"Slides presented to Institutional Investors in a video call on 8 March 2023"

Didn't seem to have impact on valuation. Though those calculations can take a while for some.

[winner69]

Well the presentation to investors didn’t help the share price

[winner69]

Made a loss in Q123 but things going well as this is F23 guidance -

AoFrio is maintaining its 2023 guidance with forecast revenue growth expected to exceed 30%, trending towards NZ$100 million in revenue. EBITDA is expected to be around $3.5 million. Based on forecast cashflows the Company is sufficiently funded to execute its current business plans and is planning to fund growth internally.

http://nzx-prod-s7fsd7f98s.s3-websit...707/393516.pdf

No worries