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.