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Audinate Group Ltd. (AUDGF)
:AUDGF
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.08Last Year’s EPS
0.04Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2019
|% Change Since: -28.57%
|Next Earnings Date:Aug 27, 2018
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.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.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.
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AUDGF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AUDGF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $6.30 | $5.96 | -5.40% |
| Feb 14, 2022 | $5.77 | $5.77 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Audinate Group Ltd. (AUDGF) report earnings?
Audinate Group Ltd. (AUDGF) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Audinate Group Ltd. (AUDGF) earnings time?
Audinate Group Ltd. (AUDGF) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AUDGF EPS forecast?
AUDGF EPS forecast for the fiscal quarter 2025 (Q2) is -0.08.
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