viewAudinate Group Ltd

Audinate Group posts record revenue and continues to grow its product suite

Audinate Group Ltd (ASX:AD8) chief executive officer Lee Ellison speaks to Proactive Investors about the audio technology company’s network systems as well as their first financial year results.

The developer of the industry-leading Dante® audio over IP networking solution recorded a 30% increase in revenue to $19.7 million, exceeding the prospectus forecast of $18.6 million.

“Our customers are the who’s-who in the professional audio industry… all of these customers have incorporated our technology, which we call Dante, inside their products,” Ellison says.

He continues, “the benefit by doing that is all of these systems are inter-operable, so you can use any manufacturers’ best-of-breed solution you want to connect your facility together.”

Quick facts: Audinate Group Ltd

Price: 5.82 AUD

Market: ASX
Market Cap: $394.64 m

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