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Audinate Reports Continued Strong Revenue Growth in 3Q FY18

Audinate Group Limited (‘Audinate’ or the ‘Company’), developer of the professional AV-industry leading Dante® audio over IP networking solution, today released its Appendix 4C for the 3rd quarter of the financial year ending 30 June 2018 (3Q FY18). The Company recorded cash collections of $4.5m for the quarter and negative operating cashflow of approximately $0.4m for the same period. Year to date cash collections amount to $13.8m and the year to date negative operating cashflow is approximately $0.6m (inclusive of IPO related operating cash payments of $0.9m).

Unaudited revenue for the period increased more than 10% from 2nd quarter. Cash collections from customers for 3Q FY18 were $4.5m compared to $4.8m for 2Q FY18. This difference reflects an increase in accounts receivable which was partly seasonal due to the timing of Chinese New Year and Easter holidays.

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