Audinate Group Ltd. (AU:AD8) has released an update.
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Audinate Group Ltd. reports a challenging first quarter for FY25, with a gross profit of US$7.2 million, facing headwinds such as increased inventory and softer demand. Despite these hurdles, the company remains optimistic about its long-term growth, driven by the increasing adoption of its Dante technology and planned product launches in the second half of FY25. Audinate anticipates a return to growth in FY26 as market conditions stabilize.
For further insights into AU:AD8 stock, check out TipRanks’ Stock Analysis page.
