Australia · Delayed Price · Currency is AUD Audinate Group Earnings Call Transcripts
Fiscal Year 2026
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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.