Forum Topics AD8 AD8 ASX Announcements

Pinned straw:

Added 2 months ago

Audinate FY24 preliminary unaudited results and FY25 outlook

Key FY24 unaudited results

• Unaudited revenue of approximately US$60.0 million (A$91.5million), up 28.4% in US$

• Expected EBITDA A$19.5 – A$20.5 million (compared to A$11 million in FY23)

• Unaudited gross profit (GP) of approximately US$44.5 million, up 33.2%

• Unaudited gross margin of 74.3% (compared to 72.1% in FY23)


https://investorpa.com/announcement-pdf/20240806/20691.pdf

Remorhaz
2 months ago

Gaurav Sodhi from Intelligent Investor has just released their update on AD8

In short - Key Points

  • Strong FY24 result expected
  • Shocking guidance for FY25
  • Business is more cyclical than expected


The writeup doesn't really reveal anything that hasn't come up in discussion here

Gaurav's conclusion ...

The long-term story hasn't changed at Audinate. In fact, with software sales accelerating, a transition from hardware sales to software will strengthen the business and expand the moat

After the big fall, Audinate's market capitalisation is $700m, and it has over $100m in net cash. This year's pre-tax profit is likely to be about $10m, which still sounds savagely expensive, but this is a dominant business that could win the entire industry profit pool

Over time, we still expect Audinate to generate over $1bn in revenue at 20% net margins. That path, however, has gotten a little riskier

With the full-year result due in a fortnight, we think acting cautiously, rather than cavalier, is the right response. We're removing price guides for now and sticking to HOLD. We'll revisit the stock after it reports full-year numbers


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NewyRookie
2 months ago

I absolutely loved his opening comment:

"If you ever feel too comfortable as an investor, the market will remind you that this isn't a comfortable pursuit"


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Rick
2 months ago

I love how Gaurav Sodhi thinks! @Strawman can we invite Gaurav back for a chat with Audinate on the agenda. Gaurav has followed the business for a long time and knows it well.

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Strawman
2 months ago

Absolutely @Rick

Leave it with me.

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mikebrisy
2 months ago

@Rick we should all do a mass write in to Ausbiz and get them to put $AD8 to Gaurav. He is one of the long standing bulls. (Don’t bother getting Mathan, he’ll say he called the peak and sold!)

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Rick
2 months ago

Gaurav is one of the reasons I bought into Audinate. Agree, Mathan is a trader and knows a lot about charts going up and down, and highs and lows. That’s about it really! Whoops, did I say that?

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BoredSaint
2 months ago

Hopefully they'll discuss AD8 on the next episode of Stocktake..

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thunderhead
2 months ago

I’m almost certain they will…

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thunderhead
2 months ago

No Gaurav on the latest episode. Doh. Next time perhaps...

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RobW
2 months ago

Lots of commentary on Audinate today. I'll keep it brief .. Ouch !!!


RobW

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thunderhead
2 months ago

Wow. Brutal drop, though it has retraced from the ridiculous $6.50 low.

Certainly not a good read through for growthy small companies heading into reporting season.

All that insider selling ahead of a CR turned out to be a flag after all.

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Saiton
2 months ago

Glad I always wait to see the first 1/2 wave turnaround before getting in. Oh and guess where it dropped too, the 76.4% retrace from the time it was listed on the Markets (love Fib"s). Wow

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