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AoFrio Launches New IoT Platforms Amid 21.5% Revenue Decline

7:43am on Wednesday 5th of August, 2026 AEST Technology
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AoFrio Launches New IoT Platforms Amid 21.5% Revenue Decline

7:43am on Wednesday 5th of August, 2026 AEST
Key Points
  • 21.5% revenue decline to NZD 33.8 million
  • Motors revenue halved, impacted by US tariffs
  • IoT revenue up 6.8%, driven by new products
  • NZD 8.9 million raised to fund growth plans
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