Audinate Group (AD8) AI Stock Analysis

• Market Cap: AU$364.30M
• Dividend Yield: N/A
• Average Volume (3M): 477.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.65
• Revenue Growth: -32.15%
• EPS Growth: -161.25%
• Country: AU
• Employees: 226
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.04
• Shares Outstanding: 84,328,560
• 10 Day Avg. Volume: 315,656
• 30 Day Avg. Volume: 477,323
• PEG Ratio: 0.61
• Price to Book (P/B): 3.77
• Price to Sales (P/S): 10.03
• P/FCF Ratio: 101.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$8.96
• Price Target Upside: 105.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$4.00 ▼(-8.47% Downside)

Audinate Group's overall stock score is primarily impacted by its financial performance challenges, including declining revenues and negative profitability. Technical analysis indicates bearish momentum, and valuation metrics are weak due to a negative P/E ratio. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Strong Gross Profit Margin

A strong gross profit margin indicates effective cost management, which can help sustain profitability even when revenue declines.

Solid Balance Sheet

A solid balance sheet with low leverage provides financial stability and flexibility, allowing the company to navigate economic challenges.

Positive Free Cash Flow Growth

Positive free cash flow growth enhances the company's ability to invest in growth opportunities and weather financial downturns.

Negative Factors

Declining Revenue

Declining revenue can impact long-term growth prospects and market competitiveness, posing a challenge to sustaining business operations.

Profitability Challenges

Profitability challenges, as indicated by negative margins, can strain financial resources and limit the company's ability to reinvest in growth.

Negative Return on Equity

Negative return on equity suggests inefficiencies in generating returns from shareholders' investments, impacting investor confidence.

Audinate Group Business Overview & Revenue Model

Company Description

Audinate Group Limited develops and sells digital audio visual (AV) networking solutions in Australia and internationally. It provides Dante, a technology platform that distributes digital audio and video signals over computer networks to original equipment manufacturers. The company also offers software products, such as Dante Controller, a real-time network monitoring device; Dante Virtual Soundcard that provides access to various audio devices on the network; Dante Via, a software that delivers multi-channel routing of computer-based audio; Dante Studio; and Dante Domain Manager, as well as Dante AVIO adapter. In addition, it provides Dante-enabled products; and various products to develop networked AV products, including chips and modules, IP Core, Dante application library, and reference designs. Audinate Group Limited was founded in 2003 and is headquartered in Surry Hills, Australia.

How the Company Makes Money

Audinate generates revenue primarily through the licensing of its Dante technology to hardware and software manufacturers in the professional audio and video industries. This licensing model allows partners to integrate Dante into their products, which helps promote widespread adoption of the technology. Additionally, the company earns revenue from the sale of its own products, such as Dante-enabled hardware and software solutions. Audinate also engages in partnerships with key players in the industry, which can lead to significant revenue opportunities through collaborative projects and enhanced product offerings. The growing demand for digital audio networking solutions in various sectors, including live events and installations, further bolsters Audinate's revenue potential.

Audinate Group Financial Statement Overview

Summary

Audinate Group faces profitability challenges with declining revenues and negative net income. Despite these issues, the company maintains a strong gross profit margin and a solid balance sheet with low leverage. Cash flow generation shows improvement, but operational efficiency needs attention.

Income Statement

Audinate Group's income statement reveals a challenging year with a significant revenue decline of 15.67% and negative net profit margin of -10.28% in 2025. The company has struggled with profitability, as indicated by negative EBIT and EBITDA margins. However, the gross profit margin remains strong at 82.33%, suggesting effective cost management despite revenue challenges.

Balance Sheet

The balance sheet shows a stable financial position with a low debt-to-equity ratio of 0.016, indicating minimal leverage. However, the return on equity is negative at -3.86%, reflecting profitability challenges. The equity ratio is strong, suggesting a solid capital structure with equity financing.

Cash Flow

Cash flow analysis indicates a positive free cash flow growth of 36% and a healthy free cash flow to net income ratio of 0.82. However, the operating cash flow to net income ratio of 0.57 suggests some inefficiencies in converting income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	62.07M	62.07M	91.48M	69.70M	46.29M	33.37M
Gross Profit	51.10M	51.10M	67.96M	10.20M	2.04M	1.16M
EBITDA	-299.00K	-299.00K	24.41M	12.21M	4.45M	3.55M
Net Income	-6.38M	-6.38M	10.24M	10.64M	-4.46M	-3.44M
Balance Sheet
Total Assets	182.40M	182.40M	189.47M	106.60M	90.44M	89.81M
Cash, Cash Equivalents and Short-Term Investments	111.30M	111.30M	118.06M	40.03M	44.47M	65.43M
Total Debt	2.69M	2.69M	3.52M	2.60M	1.97M	2.09M
Total Liabilities	17.09M	17.09M	18.99M	16.41M	15.15M	10.95M
Stockholders Equity	165.31M	165.31M	170.49M	90.20M	75.28M	78.86M
Cash Flow
Free Cash Flow	6.13M	6.13M	10.48M	-2.94M	-11.08M	-1.29M
Operating Cash Flow	7.47M	7.47M	25.38M	12.42M	981.00K	6.74M
Investing Cash Flow	8.06M	8.06M	-68.09M	-5.21M	-21.16M	-35.03M
Financing Cash Flow	-1.38M	-1.38M	66.91M	-949.00K	-738.00K	38.14M

Audinate Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.37
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 4.37 is above the 20-day moving average (MA) of 4.26, above the 50-day MA of 4.30, and below the 200-day MA of 5.64, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 54.39 is Neutral, neither overbought nor oversold. The STOCH value of 83.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:AD8.

Audinate Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RUL	55 Neutral	AU$1.10B	387.50	<0.01%	―	-29.99%	-66.84%
CAT	48 Neutral	AU$1.32B	-70.69	-10.48%	―	19.66%	38.75%
AD8	46 Neutral	AU$364.30M	-57.12	-3.69%	―	-32.15%	-161.25%
HYD	44 Neutral	AU$4.91M	-1.42	―	―	-4.86%	64.36%
AKP	37 Underperform	AU$181.10M	-22.17	―	―	-100.00%	44.26%
ZMM	37 Underperform	AU$5.29M	-0.76	-283.40%	―	-74.76%	42.11%

Audinate Group Corporate Events

Pinnacle Investment Management Ceases Substantial Holding in Audinate Group

Pinnacle Investment Management Group Limited has ceased to be a substantial holder in Audinate Group Ltd as of November 27, 2025. This change in substantial holding could impact Audinate’s shareholder structure and influence in the market, potentially affecting its strategic decisions and stakeholder interests.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Hyperion Asset Management Ceases Substantial Holding in Audinate Group

Hyperion Asset Management Limited has ceased to be a substantial holder in Audinate Group Ltd as of November 27, 2025. This change in substantial holding may impact Audinate Group’s shareholder structure and influence in voting securities, reflecting a shift in investment strategy or portfolio management by Hyperion Asset Management.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Corrects Share Issue Details for Iris Studio Acquisition

Audinate Group Limited announced a correction to a previous release regarding the issue of shares for the acquisition of Iris Studio, Inc. The correction pertains to a typographical error in the disclosure of voluntary escrow dates for shares issued as part of the acquisition. These shares will be released in three equal tranches on specified dates in 2026, 2027, and 2028. This announcement clarifies the timeline for stakeholders and ensures accurate information is available for market participants.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Updates Director’s Interest with New Performance Rights

Audinate Group Limited announced a change in the director’s interest notice, specifically involving Aidan Williams. The company issued 261,019 unlisted performance rights to Williams under its Long-Term Incentive Plan, following approval at the Annual General Meeting. This change reflects the company’s commitment to aligning executive incentives with long-term performance goals, potentially impacting the company’s strategic direction and stakeholder interests.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Expands Market Presence with New Securities Quotation

Audinate Group Limited announced the application for quotation of 14,472 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme and reflects the company’s ongoing efforts to enhance its market presence and operational capabilities.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Issues Unquoted Securities to Employees

Audinate Group Limited has announced the issuance of unquoted securities under an employee incentive scheme, with a total of 275,491 performance rights being issued. This move is likely aimed at motivating and retaining talent within the company, potentially enhancing its operational capabilities and market position.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group’s AGM Resolutions Passed, Strengthening Strategic Initiatives

Audinate Group Limited announced the results of its Annual General Meeting held on October 21, 2025, where all proposed resolutions were passed. Key resolutions included the re-election of a director, adoption of the remuneration report, issuance of performance rights to the CEO, ratification of the Iris Studio placement, and renewal of proportional takeover provisions. These decisions reflect the company’s ongoing strategic initiatives and governance practices, potentially impacting its operational and market positioning positively.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Sees Change in Substantial Shareholder

Audinate Group Limited, a company involved in the technology sector, has seen a change in its substantial shareholders. Fisher Funds Management Limited has ceased to be a substantial holder of Audinate Group Limited as of October 14, 2025. This change in shareholding could impact the company’s market dynamics and shareholder structure, potentially influencing its strategic decisions and operations.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Issues Performance Rights to Employees

Audinate Group Limited has announced the issuance of 715,452 performance rights as part of an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to incentivize and retain talent, potentially impacting its operational efficiency and market competitiveness.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Expands Market Presence with New Security Quotation

Audinate Group Limited announced the quotation of 81,917 ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move is part of the company’s ongoing efforts to enhance its market presence and incentivize its workforce, potentially impacting its operational dynamics and stakeholder interests.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Announces Cessation of Performance Rights

Audinate Group Limited announced the cessation of 222,842 performance rights due to the conditions for these rights not being satisfied or becoming incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders, particularly in terms of employee incentives and overall market perception.

The most recent analyst rating on (AU:AD8) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.