Audinate Group Ltd
ASX:AD8
Audinate Group Ltd
Audinate Group Ltd. engages in the development and commercialization of audio visual software and hardware. The firm's principal activity is the development and sale of digital Audio Visual (AV) networking solutions. Its Dante platform distributes digital audio signals over computer networks. Its products include adapters, softwares, Dante-enabled products and solutions for manufacturers, which are Dante AVIO, Dante Domain Manager, Dante Virtual Soundcard, Dante Via, Dante Controller, Dante AV - Audio and Video, Dante Brooklyn II, Dante Application Library, Dante Broadway, Dante Ultimo, Dante Embedded Platform, Dante PCIe Card, Dante HC, Dante Adapter Modules and Dante IP Core.
Audinate Group Ltd. engages in the development and commercialization of audio visual software and hardware. The firm's principal activity is the development and sale of digital Audio Visual (AV) networking solutions. Its Dante platform distributes digital audio signals over computer networks. Its products include adapters, softwares, Dante-enabled products and solutions for manufacturers, which are Dante AVIO, Dante Domain Manager, Dante Virtual Soundcard, Dante Via, Dante Controller, Dante AV - Audio and Video, Dante Brooklyn II, Dante Application Library, Dante Broadway, Dante Ultimo, Dante Embedded Platform, Dante PCIe Card, Dante HC, Dante Adapter Modules and Dante IP Core.
Record FY '24: Audinate delivered record revenue of $60 million, up 28.4% year-on-year, and achieved strong EBITDA growth.
FY '25 Headwinds: Management expects FY '25 revenue and gross profit in U.S. dollars to decline due to inventory overhang, end-of-life products, and a shift to lower-revenue software solutions.
Gross Margin Upside: Gross margin improved to 74.3% in FY '24, with management expecting further improvement toward 80% as software adoption increases.
Dante Director Launch: Audinate successfully launched its first SaaS product, Dante Director, which opens a new recurring revenue stream.
Cost Controls: Operating expense growth is expected to slow to 7–9% in FY '25 as the company balances investment and profitability.
Growth Outlook: Management anticipates a return to growth and more predictable orders in FY '26 once inventory levels normalize.
