Audinate (AD8)

David Boyle

Senior Equity Analyst

6 am October 16, 2020


Prior close: $6.94

Early signs of improvement

The digital audio networking company Audinate (ASX:AD8) provided a trading update yesterday at their AGM.

For the three months ended 30 September 2020, revenue was US$5.2 million and EBITDA was US$0.3 million. There are no comparative numbers for the first quarter of last year, but full year FY20 revenue was US$20.4 million and EBITDA was approximately US$1.4 million, so this represents a run rate comparable to last year.

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