Audinate Group Ltd. (AU:AD8) has released an update.
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Audinate Group Ltd. reports a robust financial performance for FY24, with unaudited revenues surging by 28.4% to US$60 million and EBITDA expected to be between A$19.5 and A$20.5 million. The shift towards software-based Dante implementations has led to a significant gross profit increase and margin improvements, projected to drive margins towards 80% in FY25, despite anticipated revenue decline before resuming growth in FY26. The company is implementing new strategies, including product launches and marketing initiatives, to mitigate the expected revenue downturn.
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