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The latest announcement is out from Audinate Group Ltd. ( (AU:AD8) ).
Audinate Group Limited’s financial results for the half-year ending December 2024 showed a decrease in revenue primarily due to OEM inventory overstocking affecting hardware product sales. However, gross profit margins improved owing to a favorable shift towards higher-margin software implementations. The company remains positive about long-term growth, driven by a 13% increase in software revenue and continued investment in audio and video technologies.
More about Audinate Group Ltd.
Audinate Group Limited is a leader in the professional AV industry, known for its Dante media networking solution. The company specializes in developing audio and video networking technology, with a focus on software-based solutions for media professionals.
YTD Price Performance: 4.67%
Average Trading Volume: 1,074
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $401.5M
See more data about AD8 stock on TipRanks’ Stock Analysis page.
