Audinate Group Ltd
ASX:AD8
Audinate Group Ltd
Audinate Group Ltd. engages in the development and commercialization of audio visual software and hardware. The firm's principal activity is the development and sale of digital Audio Visual (AV) networking solutions. Its Dante platform distributes digital audio signals over computer networks. Its products include adapters, softwares, Dante-enabled products and solutions for manufacturers, which are Dante AVIO, Dante Domain Manager, Dante Virtual Soundcard, Dante Via, Dante Controller, Dante AV - Audio and Video, Dante Brooklyn II, Dante Application Library, Dante Broadway, Dante Ultimo, Dante Embedded Platform, Dante PCIe Card, Dante HC, Dante Adapter Modules and Dante IP Core.
Audinate Group Ltd. engages in the development and commercialization of audio visual software and hardware. The firm's principal activity is the development and sale of digital Audio Visual (AV) networking solutions. Its Dante platform distributes digital audio signals over computer networks. Its products include adapters, softwares, Dante-enabled products and solutions for manufacturers, which are Dante AVIO, Dante Domain Manager, Dante Virtual Soundcard, Dante Via, Dante Controller, Dante AV - Audio and Video, Dante Brooklyn II, Dante Application Library, Dante Broadway, Dante Ultimo, Dante Embedded Platform, Dante PCIe Card, Dante HC, Dante Adapter Modules and Dante IP Core.
Revenue Growth: Audinate reported first-half revenue of $32.2 million AUD (USD $21.1 million), up 12% over the prior period, outpacing the AV industry's growth rate.
Gross Margin: Gross margin remained strong at 82.5%, driven by a favorable shift toward higher-margin software products.
Operating Expenses: Operating expenses rose 26% to $28.8 million AUD, reflecting investments in strategic initiatives like Iris and Dante Director, but guidance for FY '26 OpEx growth was reduced from 25% to 20%.
Iris Launch: The Iris cloud-based video control platform launched commercially in December, contributing USD $100,000 in first-half revenue, with continued investment and go-to-market expansion planned.
Cash Position: Audinate ended the period with $70.9 million AUD in cash and stated no expectation of a capital raise despite negative free cash flow.
AI & Platform Strategy: Management emphasized the role of Audinate's platform and APIs in enabling AI-driven automation across AV system design, installation, and operation.
Forward Visibility: Strong forward bookings for the first half provide 3–4 months of revenue visibility for the second half.
Product & Ecosystem Expansion: 66 new design wins and 344 new Dante-enabled products brought the installed base to just under 5,000 products and over 7 million devices globally.
