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 2nd quarter of the financial year ending 30 June 2019 (2Q FY19).
Audinate reported cash collections of $7.2m for the quarter up 49% from the previous corresponding period (2Q FY18: $4.8m) and up 7% from last quarter (1Q FY19: $6.8m). Cash collections continue to be driven by ongoing growth in the core business, along with continued strong demand for AVIO adapters. The comparison to 2Q FY18 was also favourably impacted by the stronger USD.
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