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Audinate Surpasses Guidance with Software Growth Amid Hardware Slump
8:26am on Monday 17th of February, 2025 AEDT
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Technology
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Audinate Surpasses Guidance with Software Growth Amid Hardware Slump
8:26am on Monday 17th of February, 2025 AEDT
Key Points
1H25 gross profit of US$16 million, down 29% year-on-year
Gross margin improved to 82% due to software revenue growth
Software revenue up 13%, offsetting hardware CCM product declines
Positive EBITDA and operating cash flow despite inventory challenges
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