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AoFrio Sees Q1 Revenue Fall but IoT Launches Set to Drive Growth
6:54am on Wednesday 13th of May, 2026 AEST
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Technology
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AoFrio Sees Q1 Revenue Fall but IoT Launches Set to Drive Growth
6:54am on Wednesday 13th of May, 2026 AEST
Key Points
Q1 revenue down 28.1% to $17.2m, motor business halved by tariffs
IoT segment shows resilience with only 3.4% revenue decline
SCS800 controller and iQ SaaS platform set for Q2 commercial launch
Q2 revenue expected to match prior year, full-year EBITDA forecast to improve
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AoFrio (NZX:AOF)
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