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Audinate Announces Strong Revenue Growth in FY18 Driving Positive EBITDA and Profit, Exceeding Prospectus Forecasts

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 year ended 30 June 2018 (FY18), which exceeded the Prospectus forecasts in its first full year as an ASX-listed company.

Commenting on Audinate’s performance in FY18, CEO Lee Ellison said: “We are very pleased with the performance and execution of our growth strategy that delivered a set of results exceeding the Prospectus forecasts we set for FY18. During the past financial year, Audinate continued to increase the penetration of our Dante audio networking technology across the professional audio-visual market. New products revenues from our Dante Domain Manager software and Dante AVIO adapters also exceeded the Prospectus forecast.”

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