Revenue Growth and Strong Gross Margin
Revenue for H1 was USD 21.1m (AUD 32.2m), up 12% year-over-year. Gross margin remained high at ~82.5–82.6%, driven by a favorable mix shift toward higher-margin software products.
Product Portfolio Momentum — Adapters and Software
Adapters revenue increased 51% supported by new Dante AVIO Pro S1-based adapters. Embedded software grew 17% and platform software grew 9%, reflecting higher OEM adoption and uptake of DVS Pro and early Dante Director wins.
Design Wins and Ecosystem Expansion
Design wins rose 8% to 66 in the half. An additional 344 Dante-enabled products came to market, bringing the total to 4,947 products from 516 manufacturers shipping today and 723 manufacturers signed up — strengthening network effects.
Large Installed Base and Training Footprint
Dante is reported in ~7 million installed devices. Training continues at scale with ~4,000 AV professionals certified monthly and more than 300,000 trained and Dante-certified globally.
Strategic Acquisition and Product Launch — Iris
Iris acquisition completed and commercially launched in Dec 2025 as a cloud-first camera control platform. Iris expands video/control capabilities and complements Dante; first-half revenue contribution was USD 100k, enabling cross-sell and platform roadmap acceleration.
Strong Forward Bookings and Pipeline Visibility
Company reported strong bookings in H1 that support FY26 outlook and cited roughly 3–4 months of sales pipeline visibility, providing confidence for H2 revenue conversion.
Prudent Balance Sheet and Investment Capacity
Cash on hand of AUD 70.9m after the Iris acquisition (down from AUD 109.9m at 30 June 2025) and intangible assets increased to AUD 68.7m. Management states cash position enables prudent investment in platform strategy.
FY26 Gross Profit Growth Guidance
Management expects U.S. dollar gross profit growth of 13%–15% for FY26 (around 2–3x industry growth), indicating continued profitable revenue expansion.
Operational Cost Discipline Update
Following organizational changes, operating cost growth guidance for FY26 was revised down from an expected 25% to 20% over FY25, signaling cost-control actions after an investment phase.