Australia · Delayed Price · Currency is AUD Audinate Group Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw revenue and gross profit growth at the upper end of guidance, driven by strong product launches and expansion into video and control via the Iris acquisition. The company maintains robust margins and a strong balance sheet, with FY 2027 guidance for continued growth and a pathway to positive free cash flow by FY 2028.
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Revenue and gross profit grew 12% year-over-year, with strong gross margins and robust bookings supporting a positive FY 2026 outlook. Strategic investments in Iris and platform integration continue, while operating cost growth is now expected at 20% over FY 2025.
Fiscal Year 2025
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Gross margin rose to 82.3% on A$62M revenue, driven by software growth and easing inventory headwinds. Strategic IRIS acquisition and new SaaS launches position the business for 13–15% gross profit growth in FY2026, with major IRIS revenue expected from FY2027.
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The acquisition of IRIS expands the platform’s video and control capabilities, adding 1.5 million video devices and strengthening cloud-based, protocol-agnostic AV management. The $28 million deal is expected to drive recurring SaaS revenue and strategic growth, with integration and market launch planned over the coming year.
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First half results exceeded guidance, driven by strong software growth and improved gross margins, despite ongoing hardware inventory headwinds. FY25 is a transition year, with normal order patterns and growth expected by FY26. Robust cash reserves support continued investment and strategic expansion.
Fiscal Year 2024
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Revenue more than doubled since FY21, with FY24 showing strong growth and margin improvement. FY25 is expected to be transitional due to industry inventory and demand softness, but long-term prospects remain positive. Strategic focus includes expanding audio/video offerings and SaaS platforms.
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Record FY 2024 results with 28% revenue growth and strong gross margins, but FY 2025 will see a revenue and gross profit decline due to inventory overhang and product mix shift. New SaaS offerings and disciplined cost management position the business for a return to growth in FY 2026.