Audinate Group Full Year 2024 Earnings: EPS Beats Expectations

editorial-team@simplywallst.com (Simply Wall St)

Thu, Aug 22, 2024, 5:17 PM 1 min read

Audinate Group (ASX:AD8) Full Year 2024 Results

Key Financial Results

Revenue: AU$91.5m (up 31% from FY 2023).
Net income: AU$10.2m (down 3.8% from FY 2023).
Profit margin: 11% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: AU$0.13 (down from AU$0.14 in FY 2023).

revenue-and-expenses-breakdown — ASX:AD8 Revenue and Expenses Breakdown August 22nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Audinate Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%.

In the last 12 months, the only revenue segment was Contract Electronics Manufacturing Services contributing AU$91.5m. The largest operating expense was General & Administrative costs, amounting to AU$41.5m (70% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of AU$1.98m. Explore how AD8's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Australia.

Performance of the Australian Electronic industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Be aware that Audinate Group is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.