Australia's Audinate at 4-1/2-month high on strong FY21 revenue

Audinate

09/07/2021 02:24

** Shares of audio networking tech provider Audinate Group
 AD8.AX  rise as much as 6.7% to A$9.2 – their highest since Feb
23
    ** Co says its FY21 revenue surged 23% to $25 mln from FY20
sales  urn:newsml:reuters.com:*:nASXb0zWw
    ** Audinate says it continued to meet customer demand for
chips and modules over the past few months despite minor impact
from COVID-related restrictions
    ** Stock post sits biggest intraday percentage gain since
April 6
    ** About 186,000 shares change hands, compared with the
30-day average volume of about 99,000 shares
    ** AD8 on track to post a fifth consecutive session of
gains; up 5.8% this year, as of last close
       

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))