Audinate Group Full Year 2023 Earnings: Beats Expectations
Audinate Group (ASX:AD8) Full Year 2023 Results
Key Financial Results
Revenue: AU$69.7m (up 51% from FY 2022).
Net income: AU$10.6m (up from AU$4.46m loss in FY 2022).
Profit margin: 15% (up from net loss in FY 2022).
EPS: AU$0.14 (up from AU$0.058 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Audinate Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in Australia.
Performance of the Australian Electronic industry.
The company's shares are up 31% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Audinate Group.
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