Audinate Announces Strong First Half Performance Delivered | Finance News Network

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Audinate Announces Strong First Half Performance Delivered

• Revenue increased by 34% to AU$8.8m from AU$6.6m in 1H17

• In USD terms, revenue increased by 39% to US$6.8m from US$4.9m in 1H17

• Statutory NPAT increased to AU$2.2m from a loss in 1H17 of (AU$16.0m)

• EBITDA of AU$0.1m compared to AU$0.2m in 1H17

• Operating negative cashflow of (AU$0.2m) which included AU$0.9m of IPO costs, down from 1H17 positive cashflow of AU$1.1m

• On track to meet FY18 prospectus forecast

Audinate Group Limited (‘Audinate’ or the ‘Company’), developer of the industry leading Dante® audio over IP networking solution, today released its results for the financial half-year ended 31 December 2017 (1H18).


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