As of 31 December 2018, Audinate delivered record revenues of A$14.2m and EBITDA of A$1.7m.
The Company updated that results reflected an increase of 51% in USD revenues versus 1H18, aided by a 59% increase in shipments of Dante units (Chips, cards, modules, adapters & software).
As reported, revenue growth continued to be under-pinned by growth in repeat revenues associated with Dante Brooklyn units (>30% growth) and Dante Ultimo chips (50% growth).
The Company further updated that EBITDA at A$1.7m was up from A$0.1m in 1H18, due to strong revenue growth combined with operating leverage in the cost base flowing through.
Adoption of Dante hardware products & software based solutions is rapidly increasing. Audinate is a market leader in digital audio networking. The majority of TV broadcast companies in Australia have now adapted the Dante solution. Tech giant Yamaha Corporation is one of the institutions listed in the AD8 register, they're holding 11.3 percent of the register. That's a big seal of approval IMHO.
As of 31 December 2018, Audinate delivered record revenues of...
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