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Audinate Group
(Sydney:AD8)
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Rating:59Neutral
Price Target:
AU$2.50
▼(-6.02% Downside)
Action:Reiterated
Date:08/21/26
The score is primarily held back by weakened recent financial performance (profitability reset and sharply lower 2026 cash generation), partially offset by a strong balance sheet with minimal leverage and solid liquidity. Technical indicators are supportive with improving momentum above key shorter-term averages, while valuation is less supportive due to negative earnings (negative P/E). The latest earnings call adds moderate support via margin/opex discipline guidance and expected cash-flow improvement, but near-term free-cash-flow breakeven timing and Iris execution risk remain meaningful.
Positive Factors
Dante ecosystem scale and network effects
Dante’s broad installed base and multi-brand adoption reinforce ecosystem stickiness. Each additional compatible product can increase platform utility, support OEM licensing demand, and make replacement by competing standards more difficult.
Negative Factors
Recent profitability deterioration
The shift from positive EBITDA to a substantial loss shows that investment and cost growth currently exceed operating income. Sustained losses could delay self-funded expansion and weaken returns even if revenue growth continues.
Read all positive and negative factors
Positive Factors
Negative Factors
Dante ecosystem scale and network effects
Dante’s broad installed base and multi-brand adoption reinforce ecosystem stickiness. Each additional compatible product can increase platform utility, support OEM licensing demand, and make replacement by competing standards more difficult.
Read all positive factors
Audinate Group (AD8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$202.39M
Dividend YieldN/A
Average Volume (3M)492.61K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth9.19%
EPS Growth-207.32%
CountryAU
Employees235
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)N/A
Shares Outstanding84,328,560
10 Day Avg. Volume943,447
30 Day Avg. Volume492,613
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)1.35
Price to Sales (P/S)2.99
P/FCF Ratio368.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.96Price Target Upside86.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Audinate Group Business Overview & Revenue Model
Company Description
Audinate Group Limited is an Australia-based global provider of digital audio-visual (AV) networking solutions. The company's core offering is Dante, a proprietary technology platform that facilitates the transmission of digital audio and video si...
How the Company Makes Money
Audinate primarily makes money by commercializing the Dante platform through a mix of (1) licensing and (2) product sales tied to device deployments, plus (3) software and related services used to manage and extend Dante networks.
1) Licensing to...
Audinate Group Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 67.78M | 62.07M | 91.48M | 69.70M | 46.29M |
| Gross Profit | -13.08M | 51.10M | 67.96M | 10.20M | 2.04M |
| EBITDA | -8.37M | -299.00K | 24.41M | 12.21M | 4.45M |
| Net Income | -19.62M | -6.38M | 10.24M | 10.64M | -4.46M |
Balance Sheet | |||||
| Total Assets | 173.58M | 182.40M | 189.47M | 106.60M | 90.44M |
| Cash, Cash Equivalents and Short-Term Investments | 65.12M | 111.30M | 118.06M | 40.03M | 44.47M |
| Total Debt | 3.63M | 2.69M | 3.52M | 2.60M | 1.97M |
| Total Liabilities | 23.74M | 17.09M | 18.99M | 16.41M | 15.15M |
| Stockholders Equity | 149.84M | 165.31M | 170.49M | 90.20M | 75.28M |
Cash Flow | |||||
| Free Cash Flow | 551.00K | 6.13M | 10.48M | -2.94M | -11.08M |
| Operating Cash Flow | 1.24M | 7.47M | 25.38M | 12.42M | 981.00K |
| Investing Cash Flow | -49.49M | 8.06M | -68.09M | -5.21M | -21.16M |
| Financing Cash Flow | -1.44M | -1.38M | 66.91M | -949.00K | -738.00K |
Audinate Group Technical Analysis
Neutral
2.66
Price Trends
2.21
Positive
2.24
Positive
2.98
Negative
Market Momentum
0.13
Negative
53.14
Neutral
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AD8, the sentiment is Neutral. The current price of 2.66 is above the 20-day moving average (MA) of 2.32, above the 50-day MA of 2.21, and below the 200-day MA of 2.98, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 53.14 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:AD8.
Audinate Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | AU$1.15B | 74.26 | 16.66% | ― | 570.70% | ― | |
59 Neutral | AU$202.39M | -9.46 | -12.81% | ― | 9.19% | -207.32% | |
58 Neutral | AU$1.47B | 44.12 | 5.72% | ― | 5.50% | -7.85% | |
57 Neutral | AU$41.44M | 93.05 | 1.06% | 4.99% | 4.73% | ― | |
53 Neutral | AU$24.41M | -2.67 | -86.45% | ― | -16.88% | 82.25% | |
26 Underperform | AU$19.35M | 150.00 | -30.61% | ― | 25.02% | ― |
* Technology Sector Average
AU:AD8
Audinate Group
2.32
-2.31
-49.89%
AU:AMS
Atomos
0.02
<0.01
25.00%
AU:SEN
Senetas Corporation Limited
2.41
0.26
11.99%
AU:ELS
Elsight Ltd.
5.16
3.40
193.18%
AU:MAQ
Macquarie Telecom Group Limited
56.06
-3.76
-6.29%
AU:DUB
Dubber Corporation Limited
0.01
-0.01
-50.00%
Audinate Group Corporate Events
Audinate Marks 20 Years as Dante Ecosystem Drives FY26 Growth
Aug 16, 2026
Audinate Group, a leading technology supplier in the professional AV sector, has built its business around the Dante ecosystem, a platform that connects audio, video and control over networks. With more than 8 million devices shipped, over 5,100 D...
Audinate lifts revenue 15% as Dante ecosystem and Iris video platform expand
Aug 16, 2026
Audinate reported FY26 revenue of US$46.0 million, a 14.9% increase over FY25, with gross profit rising 14.7% to US$37.7 million and gross margins holding at 82.0 percent. Underlying EBITDA slipped to an A$3.6 million loss as the company stepped u...
Audinate revenue rises but swings to loss as Iris acquisition weighs
Aug 16, 2026
Audinate Group Limited reported a 9.2% rise in revenue to A$67.8 million for the year ended 30 June 2026, but swung to an underlying EBITDA loss of A$3.6 million and a net loss after tax of A$19.6 million. The company did not declare dividends and...
Audinate Issues New Unquoted Shares Under Employee Incentive Scheme
Jul 14, 2026
Audinate Group Limited has issued 5,388 ordinary fully paid shares under an employee incentive scheme, with the new securities subject to transfer restrictions and unquoted on the ASX until those restrictions lapse. The modest equity issuance unde...
Audinate Reports Lapse of Performance Rights After Unmet Conditions
Jul 14, 2026
Audinate Group Limited has disclosed the lapse of 174,196 performance rights, which ceased on 30 June 2026 after the conditional requirements attached to these securities were not met or became incapable of being satisfied. The cessation marginall...
Audinate to Release Escrowed Shares from Iris Studio Acquisition
Jun 19, 2026
Audinate Group Limited has announced that 289,731 fully paid ordinary shares, originally issued as part of the consideration for its acquisition of Iris Studio, Inc., will be released from voluntary escrow on 26 June 2026. Once released, these sha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.