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Audinate Group Ltd. (AU:AD8)
:AD8
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Audinate Group (AD8) AI Stock Analysis

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AU:AD8

Audinate Group

(OTC:AD8)

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Neutral 44 (OpenAI - 4o)
Rating:44Neutral
Price Target:
AU$4.50
▲(3.69% Upside)
Audinate Group's 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 poor with a negative P/E ratio. These factors collectively contribute to a low overall stock score.

Audinate Group (AD8) vs. iShares MSCI Australia ETF (EWA)

Audinate Group Business Overview & Revenue Model

Company DescriptionAudinate 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 MoneyAudinate 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 Earnings Call Summary

Earnings Call Date:Aug 17, 2025
(Q4-2024)
|
Next Earnings Date:Feb 16, 2026
Earnings Call Sentiment Neutral
FY '24 was an outstanding year for Audinate, with record revenue and strong market adoption. However, the outlook for FY '25 is challenging, with expected revenue declines and inventory issues. The successful launch of Dante Director presents a positive future revenue stream, but the transition from hardware to software presents both opportunities and challenges.
Q4-2024 Updates
Positive Updates
Record Revenue and Growth
Audinate achieved a record $60 million in revenue for FY '24, an increase of 28.4% from FY '23, with gross profit dollars growing 33.2% to $44.5 million.
Strong Market Adoption
During FY '24, 1.4 million units were shipped, and the number of Dante-enabled products increased by 323, signaling strong market adoption.
Dante Video Ecosystem Growth
The number of video manufacturers licensing Dante products increased by 59%, and launched products grew 75% year-on-year.
Successful Launch of Dante Director
The launch of the cloud-based SaaS product, Dante Director, has converted nearly 50 customers to paying subscribers, indicating a new revenue stream.
Increase in Operating Cash Flow
Operating cash flows increased to AUD25.4 million, with over 100% cash conversion during the year.
Negative Updates
Revenue Decline Expected in FY '25
Audinate expects a revenue decline in FY '25 due to headwinds such as overstocking by customers and end-of-life products like Viper.
Challenges with Inventory and Ordering Patterns
Many manufacturing customers have over-ordered, leading to a soft FY '25 revenue outlook and less predictable order patterns.
Transition from Hardware to Software
The transition to software-based products is expected to decrease per-unit revenue and gross profit dollars in FY '25.
No M&A Closures
Despite efforts, two significant M&A opportunities were not closed, affecting strategic expansion plans.
Company Guidance
During the Q4 2024 earnings call for Audinate, executives provided guidance that included several key metrics and projections. Audinate anticipates a revenue decline in FY '25 following a record $60 million in revenue for FY '24, which marked a 28.4% increase from the previous year. Gross profit is expected to be slightly lower than in FY '24, with a gross margin percentage potentially reaching around 80%, influenced by a shift toward software-based data implementations. The company shipped a record 1.4 million units in FY '24 and launched 323 new Dante-enabled products, bringing the total to 4,176. Despite the anticipated short-term revenue challenges, Audinate aims to leverage its strong position with 6 million Dante devices in the field and expand its SaaS offerings, including the recently launched Dante Director. Operating expenses are projected to grow between 7% to 9% in FY '25, focusing on sales and marketing to drive revenue and maintain long-term strategic growth.

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
45
Neutral
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
60
Neutral
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
55
Neutral
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue62.07M62.07M91.48M69.70M46.29M33.37M
Gross Profit51.10M51.10M67.96M10.20M2.04M1.16M
EBITDA-299.00K-299.00K24.41M12.21M4.45M3.55M
Net Income-6.38M-6.38M10.24M10.64M-4.46M-3.44M
Balance Sheet
Total Assets182.40M182.40M189.47M106.60M90.44M89.81M
Cash, Cash Equivalents and Short-Term Investments111.30M111.30M118.06M40.03M44.47M65.43M
Total Debt2.69M2.69M3.52M2.60M1.97M2.09M
Total Liabilities17.09M17.09M18.99M16.41M15.15M10.95M
Stockholders Equity165.31M165.31M170.49M90.20M75.28M78.86M
Cash Flow
Free Cash Flow6.13M6.13M10.48M-2.94M-11.08M-1.29M
Operating Cash Flow7.47M7.47M25.38M12.42M981.00K6.74M
Investing Cash Flow8.06M8.06M-68.09M-5.21M-21.16M-35.03M
Financing Cash Flow-1.38M-1.38M66.91M-949.00K-738.00K38.14M

Audinate Group Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.34
Price Trends
50DMA
5.13
Negative
100DMA
5.62
Negative
200DMA
6.34
Negative
Market Momentum
MACD
-0.32
Positive
RSI
32.38
Neutral
STOCH
10.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AD8, the sentiment is Negative. The current price of 4.34 is below the 20-day moving average (MA) of 5.24, below the 50-day MA of 5.13, and below the 200-day MA of 6.34, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 32.38 is Neutral, neither overbought nor oversold. The STOCH value of 10.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AD8.

Audinate Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
53
Neutral
AU$1.08B380.47<0.01%-29.99%-66.84%
44
Neutral
AU$366.83M-3.69%-32.15%-161.25%
42
Neutral
$1.81B-10.89%17.52%49.61%
39
Underperform
AU$4.36M-1.19-4.86%64.36%
37
Underperform
AU$5.15M-0.76-283.40%-74.76%42.11%
23
Underperform
AU$181.10M-22.17-100.00%44.26%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AD8
Audinate Group
4.34
-4.80
-52.52%
AU:CAT
Catapult Group International
6.14
3.51
133.46%
AU:HYD
Hydrix Limited
0.02
0.01
100.00%
AU:AKP
Audio Pixels Holdings Limited
6.20
0.00
0.00%
AU:ZMM
ZIMI Ltd
0.01
-0.01
-50.00%
AU:RUL
RPMGlobal Holdings Ltd
4.88
1.90
63.76%

Audinate Group Corporate Events

Audinate Group Updates Director’s Interest with New Performance Rights
Oct 31, 2025

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
Oct 31, 2025

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
Oct 31, 2025

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
Oct 21, 2025

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
Oct 15, 2025

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
Oct 14, 2025

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
Oct 14, 2025

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
Oct 14, 2025

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.

JPMorgan Chase & Co. Ceases Substantial Holding in Audinate Group
Sep 24, 2025

JPMorgan Chase & Co. and its affiliates, including J.P. Morgan Securities Australia Limited, J.P. Morgan Securities PLC, and JPMorgan Chase Bank, N.A., have ceased to be substantial holders in Audinate Group Ltd as of September 22, 2025. This change reflects a reduction in their voting securities, with a total of 419,451 ordinary shares affected. The announcement indicates a shift in JPMorgan’s investment strategy concerning Audinate Group, potentially impacting the company’s market perception and stakeholder confidence.

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 Releases 2025 Corporate Governance Statement
Sep 19, 2025

Audinate Group Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability. This disclosure is part of their compliance with ASX listing rules, ensuring stakeholders are informed about the governance practices and any deviations from recommended guidelines.

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 Releases 2025 Annual Report
Sep 19, 2025

Audinate Group has released its Annual Report for 2025, detailing its financial performance and strategic direction. The report includes letters from the Chair and CEO, financial statements, and various disclosures. This comprehensive document provides stakeholders with insights into the company’s operations and future outlook, although specific forward-looking statements have been omitted.

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 Announces 2025 Annual General Meeting
Sep 19, 2025

Audinate Group Limited has announced its 2025 Annual General Meeting (AGM) scheduled for October 21, 2025, at Rydges Sydney Central. Shareholders are encouraged to participate in person or via proxy, with all resolutions to be decided by poll. The meeting will include the consideration of financial reports and the re-election of Director Roger Price. The AGM will also provide an opportunity for shareholders to engage with the company’s management and external auditor, Ernst & Young, to discuss the company’s operations and financial practices.

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 Announces Director’s Change in Securities
Aug 29, 2025

Audinate Group Limited announced a change in the director’s interest, with Aidan Williams disposing of 70,000 unlisted performance rights. This change reflects a lapse of performance rights under the company’s FY23 Performance Based Equity Grant, leaving Williams with 136,260 unlisted performance rights. This adjustment in director’s securities holdings may have implications for the company’s governance and equity distribution strategy.

The most recent analyst rating on (AU:AD8) stock is a Buy with a A$7.10 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Director Increases Shareholding
Aug 22, 2025

Audinate Group Limited announced a change in the director’s interest, with Director Alison Ledger acquiring a significant number of fully paid ordinary shares. This acquisition, conducted through on-market purchases, increases her total holdings to 27,695 shares, reflecting confidence in the company’s future prospects and potentially influencing stakeholder perceptions positively.

The most recent analyst rating on (AU:AD8) stock is a Buy with a A$7.10 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Reports Transitional Year Amid Strategic Growth
Aug 18, 2025

Audinate Group Limited is a global leader in digital Audio Visual (AV) networking solutions, specializing in AV-over-IP technology that enables high-quality audio and video distribution over standard computer networks. The company is known for its proprietary Dante technology platform, which has become the industry standard for networked AV interoperability.

Audinate Group Expands AV Platform with Strategic Moves
Aug 18, 2025

Audinate Group has announced significant developments in its operations, including the shipment of 1 million Dante devices and the launch of its first cloud-based management platform. The strategic acquisition of Iris is set to enhance its capabilities in providing a comprehensive AV platform, positioning Audinate as a leader in the industry with a focus on integrating control solutions alongside audio and video.

The most recent analyst rating on (AU:AD8) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Reports FY25 Growth and Strategic Expansion
Aug 18, 2025

Audinate Group Limited reported its financial results for FY25, highlighting a return to growth in the second half of the year despite earlier challenges due to inventory overhang and a slowdown in AV industry growth. The company achieved significant milestones, including expanding gross margins, launching new software and cloud products, and acquiring Iris Studio Inc. to enhance its video capabilities. Audinate is well-positioned to drive industry transformation with its focus on software solutions, as evidenced by the increased adoption of its Dante audio products and strategic initiatives aimed at long-term value creation.

The most recent analyst rating on (AU:AD8) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

Audinate Group Reports Significant Financial Decline for FY2025
Aug 18, 2025

Audinate Group Limited reported a significant decline in its financial performance for the year ended June 30, 2025, with revenue dropping by 32.3% and EBITDA plummeting by 99.9%. The company faced a substantial loss before income tax of $11,122,000, marking a 192% decrease, and no dividends were declared for the period. This downturn in financial results may impact Audinate’s market positioning and stakeholder confidence as it navigates challenges in its operations.

The most recent analyst rating on (AU:AD8) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Audinate Group stock, see the AU:AD8 Stock Forecast page.

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.Date of analysis: Nov 07, 2025