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#Financials
Added a month ago

Half - year report for the half - year ended 31 December 2019

  • Revenues from ordinary activities up 14.1% to 16,147
  • Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) up 11.3% to 1,873
  • Profit before income tax benefit down 82.4% to 129 Profit from ordinary activities after tax attributable to the owners of Audinate Group Limited down 59.6% to 341
  • Profit for the half - year attributable to the owners of Audinate Group Limited down 59.6% to 341

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Review of operations

For the half-year period ended 31 December 2019, the Group reported an increase in revenue of 14.1% to $16.1 million from $14.2 million in the prior half -year period (six months ended 31 December 2018). Gross margin grew 20% from $10.4 million for the prior half-year period to $12.5 million for the half-year period ended 31 December 2019. Gross margin % also improved to 77.1% from 73.3% for the prior half-year period due to favourable product mix of more software sales relative to lower margin chip sales.

The directors consider Earnings before interest, tax, depreciation and amortisation (‘EBITDA’) to reflect the core earnings of the Group. EBITDA is a financial measure which is not prescribed by Australian Accounting Standards ('AAS') and represents the profit under AAS adjusted for non-cash and significant items.

 

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#Risks
Added 2 months ago

I have a mate that uses this company and rates them highly for quality of sound, visual and customer service. I have a very small holding but am tempted to add. My fear is the price could be too lofty based on expectations? Thoughts please.

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#Bull Case
Added a month ago

Yes the growth has not been as the market hoped. I will be adding on he pull back. Great product with great growth potential

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#Management
stale
Added 7 months ago

ASX announcement 16 September 2019

Audinate Group Limited (Audinate or the Company) confirms the appointment of Mr Aidan Williams as Chief Executive Officer (CEO) of the Company effective today, following the retirement of Mr Lee Ellison effective 13 September 2019, as announced to the market on 30 May 2019.

Audinate Chairman, Mr David Krall, welcomed Mr Williams to the role and said “The Board is delighted to welcome Aidan to the role of CEO. As co-founder, Aidan has been responsible for driving the Dante product vision and strategy from the very inception of the business to what it is today. The Board went through a rigorous process to consider successors, which validated our view that our internal candidate was the best choice for our next CEO. The Board and CEO developed a succession plan over the last year to transition the role of CEO and we are confident that Aidan is the right person to lead the Company through its next chapter.”

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#ASX Announcements
stale
Added 9 months ago

Completion of Oversubscribed Share Purchase Plan

Highlights

•Strong shareholder support for the A$4m Share Purchase Plan

•Significantly oversubscribed with applications exceeding A$37 million

•Follows oversubscribed A$20 million placement to new and existing institutional investors

" Ultimately, applications received exceeded A$37 million resulting in the SPP being approximately 9x oversubscribed. "

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#ASX Announcements
stale
Added 9 months ago

Audinate (ASX: AD8) announces commercial availability of Dante AV 

Audinate Group Limited (‘Audinate’ or the ‘Company’), developer of the professional AV -industry leading Dante® audio over IP networking solution, today announced the Dante AV Module™ and the Dante AV Product Design Suite™ products are now commercially available for order by manufacturers. This fulfils a prospectus commitment and this announcement marks the beginning of video capabilities in Dante.

Patton Electronics, a US manufacturer and OEM/ODM supplier of networking and connectivity solutions for Pro-AV and Telephony, is the first customer to sign a purchase order and will be among the first to adopt Dante AV by adding the platform into a new generation of AV-Over-IP products.

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#Moats
stale
Added 9 months ago

Long term winner, AD8 dominates the world digital audio industry. Now they will move into video and integration with audio turf. You really have to understand what is digitizing audio to appreciate it is a huge industry and still growing. I wish I bought in earlier in the year!

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#Bull Case
stale
Added 9 months ago

More positive vibes coming from the buy hold sell panel https://www.livewiremarkets.com/wires/buy-hold-sell-5-undiscovered-growth-stocks

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#Bull Case
stale
Added 10 months ago

The 7th of June announcement indicated that the company is actively ehnancing their product offering.

"... Software-based Dante solutions enable new solutions and business models.For the first time, software developers have a simple solution for adding Dante support to their AV apps with Dante Application Library. UsingDante Embedded Platform, manufacturers can now offer Dante supporting a broader range of price-sensitive products. Both solutions offer substantially more flexibility than dedicated hardware, with the potential to addDante support to products already in the fieldand thepotential for system integrators &end-users to add new features and more Dante channels to products as their systems growand change..."

3 partnered solitions are being introduced during the InfoComm conference in Orlando ( JUNE 8-14, 2019 ) based on the new software products.

* QSCwill begin to deploy the Dante Embedded Platform within the Q-SYS Ecosystem to enable native software-based Dante audio channels

* Analog Devices (ADI)-Audinate announced a reference design with Analog Devices (ADI) for DanteEmbedded Platform on the ADSP SC58x family of chips.

* Zoom Video Communications Inc., a leader in video-first unified communications, has teamed up with Audinate to integrate the Dante Application Library into its Zoom Rooms application for video meetings.

I have been monitoring the demand and volumes of buyers vs sellers for the last month or so and it is consistently about 10 to 1. I feel that the price will be pushed higher perhaps to even $9 within a couple of months.

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#Bull Case
stale
Added 12 months ago

Although AD8 is the industry leader its still a relatively small company with a long growth runway ahead.

The company shipped 59% more units this half versus the prior year. Also software sales are up by 21%.

Dante is establishing itself as the industry standard for audio networking with more Original Equipment Manufacturers using Dante.

Management estimates their current digital audio networking penetration at around 8% leaving Audinate a long runway for growth.

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#Overview
stale
Last edited 10 months ago

Audinate provides professional digital audio networking technologies. Audinate's Dante platform "distributes digital audio signals over computer networks, and is designed to bring the benefits of IT networking to the professional AV industry."

A great video overview here. Prospectus here.

It is the gloabl leader in what he estimates to be a $400m global market, is achieving strong sales growth and is on track to hit prospectus guidance. Audinate expects to be EBITDA positive in FY19. 

It has no debt and, following the recent cap raise, should have around ~$35m in the bank. 

Looks very promising, although some concern on valuation. 

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