Audinate Group
(ASX:AD8) CFO, Rob Goss discusses its FY17 results and the digital transformation of the audio visual (AV ) market.
Highlights* Global leader in audio networking technology
* Used by the market leading AV brands
* 369 brands as customers, 1,182 Dante enabled products available (Dante platform distributes high quality digital audio signals over computer networks)
* More than 5x OEM products on the market than any competitor
* Significant market opportunity: Investing in growth initiatives to drive future revenue
* Market in early stages of penetration, market opportunity in excess of $400 million
* New product initiatives to increase overall market opportunity to over $800 million
* Financials: Revenue growth of Revenue growth of 27%, One-off IPO costs of $1.7m in line with forecast, High gross margins of 75%, reflecting strong IP position and software/firmware focus
