Audinate returns to pre-COVID revenue levels

Key 1H21 highlights:

•  Revenue of US$11.1 million (1H20: US$11.1 million; 2H20: US$9.3 million)
•  Gross margin of US$8.6 million (1H20: US$8.5 million; 2H20: US$7.0 million)
•  EBITDA of A$1.8 million (1H20: A$1.9 million)
•  Net loss after tax of A$1.2 million (1H20: $0.3 million net profit) • Operating cashflow of A$3.2 million (1H20: A$2.9 million)
•  Cash including term deposits of A$66.3 million
•  Dante enabled products up 27% to 3,008 – a key leading indicator of future growth

Audinate Trading Update for first half of FY21

Audinate Group Limited (ASX:AD8), developer of the professional AV-industry leading Dante® media networking solutions, is pleased to provide the following trading update. Audinate has generated unaudited US dollar revenue of US$11.1 million for the six-month period ended 31 December 2020 (H1FY21), up from H2FY20 (US$9.3 million) and in line with H1FY20 (US$11.1 million). The strengthening AUD / USD exchange rate has adversely impacted unaudited revenue in AUD which amounts to approximately A$15.4 million.