Australia's Audinate at record high after strong results, upbeat outlook

Audinate

23/08/2021 06:14

** Shares of Australia's Audinate Group Ltd  AD8.AX  soar as
much as 4.5% to scale record high of A$10.97
    ** Audio networking tech co posts https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02409909-2A1317084?access_token=83ff96335c2d45a094df02a206a39ff4
 narrowed FY loss after tax attributable of A$3.4 mln ($2.43
mln) after loss of A$4.1 mln last year
    ** Revenue from ordinary activities rose 10.1% to A$33.4 mln
for FY
    ** Says "confident that Audinate can deliver USD revenue
growth in the historical range for FY22"
    ** About 297,000 shares change hands, vs the 30-day average
of 161,422 shares
    ** Stock up 29% so far this year, as of Friday's close 


($1 = 1.3972 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((harshita.swaminathan@thomsonreuters.com))