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Audinate Announces Strong Finish to FY18 and Record Cash Collections in Q4

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 4th quarter of the financial year ending 30 June 2018 (4Q FY18). Audinate announced it has exceeded its prospectus forecasts for revenue, EBITDA and operating cashflow based on the unaudited provisional FY18 results.

The Company recorded cash collections of $5.9m for the quarter versus $4.5m in the prior quarter and positive operating cashflow of approximately $1.7m versus a negative operating cashflow of $0.4m in 3Q FY18. Full year cash collections amounted to $19.7m and the year to date positive operating cashflow is approximately $1.0m (inclusive of IPO related operating cash payments of $0.9m).

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