Despite facing some supply chain challenges, Audinate Group (AD8) increased revenue in H1 FY22 to US$14.8 million (A$20.7 million). The 33.3 percent increase was coupled with an increase in gross profit to US$11.2 million (A$15.7 million) — both of which were attributed to sales of its Dante product solutions.
Audinate increased its customer base by 12 per cent to 403 and its customers released another 211 Dante enabled products during the six-month period. While chip shortages, product delays and COVID-related shutdowns expected to linger into H2 FY22, Audinate aims to navigate these while fulfilling its initiatives.
Company shares are down 4.14 percent to trade at $7.41.