Audinate Reports Another Strong Quarter and Receives R&D Incentive | Finance News Network

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Audinate Reports Another Strong Quarter and Receives R&D Incentive

Audinate Group Limited (‘Audinate’ or the ‘Company’), developer of the pro AV-industry leading Dante® audio over IP networking solution, today released its Appendix 4C for the 2nd quarter of the financial year ending 30 June 2018 (2Q FY18). The Company recorded cash collections of $4.8m for the quarter and positive operating cashflow of approximately $1.3m for the same period. Year to date cash collections amount to $9.3m and the year to date negative operating cashflow is approximately $0.2m.

Audinate received its FY2017 R&D incentive, amounting to approximately $1.0m, during the period. It was allocated between operating and investing cashflows consistent with the accounting treatment of the underlying research and development expenditure.


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