Wellington Drive Technologies Ltd. announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of NZD 6,335,000 compared to NZD 5,080,000 a year ago. LBIT was NZD 895,000 compared to NZD 388,000 a year ago. LBITDA was NZD 532,000 compared to NZD 321,000 a year ago. LBITDA adjusted was NZD 427,000 compared to NZD 607,000 a year ago.

For the nine months, the company reported revenue of NZD 25,027,000 compared to NZD 18,666,000 a year ago. LBIT was NZD 1,594,000 compared to NZD 600,000 a year ago. LBITDA was NZD 484,000 compared to NZD 309,000 a year ago. LBITDA adjusted was NZD 145,000 compared to NZD 1,259,000 a year ago.

The business is anticipating stronger revenues in fourth quarter of 2016 and is confident that the company will achieve its full year 2016 guidance of significantly higher revenues than those recorded for 2015 and the possibility of a modest EBITDA profit.