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Audinate Announces Record 51% USD Revenue Growth Delivered in 1H19

Audinate Group Limited (ASX:AD8), developer of the industry leading Dante® audio over IP networking solution, is pleased to announce its results for the financial half-year ended 31 December 2018 (1H19), which delivered record revenues of A$14.2 million and EBITDA of A$1.7 million.

Financial results (1H19 vs 1H18):

• Revenue up 60% to A$14.2 million from A$8.8 million in 1H18 o In US$ terms, revenue was up 51% to US$10.3 million

• Profit before tax increased to A$0.7 million, up from a A$0.5 million loss

• EBITDA of A$1.7 million was up from A$0.1 million

• Operating cashflow of A$0.6 million

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