Australia's Audinate Group slips to over 5-year low on annual loss

Audinate

18/08/2025 06:51

** Shares of Audinate Group AD8.AX plunge as much as 22% to A$4.735, their lowest level since late-April 2020

** The audio-visual hardware developer reports full-year loss attributable of A$6.4 million ($4.17 million), down 162.3% y/y

** Co posts 32.3% y/y drop in revenue from ordinary activities at A$62.1 million

** About 2.8 million shares traded, 9.1x the 30-day average

** YTD stock down 33.7%, including current session's move

($1 = 1.5342 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))