Brief: Audinate Group Says Entered FY24 With Demand Remaining At Near-Record Levels

Audinate

21/08/2023 02:38

Aug 21 (Reuters) - Audinate Group Ltd  AD8.AX :
    * ENTERS FY24 WITH DEMAND REMAINING AT NEAR-RECORD LEVELS
    * IN FY24, AUDINATE CONTINUES TO FOCUS ON PROFITABLE GROWTH
AND
IMPROVING OPERATING CASHFLOW
    * EXPECT THAT AUDINATE WILL DOUBLE REVENUE IN MEDIUM TERM
    * EXPECTS % GROWTH IN US$ GROSS PROFIT DOLLARS IN FY24 TO BE
CONSISTENT WITH HISTORICAL PERFORMANCE
    * ANTICIPATES ACHIEVING GOAL OF DOUBLING REVENUE IN MEDIUM
TERM IN
FY24
    * EXPECT ECONOMIC ENVIRONMENT TO CONTINUE TO BE CONDUCIVE TO
BOLT-ON M&A OPPORTUNITIES
    * REMAINS WATCHFUL OF POTENTIALLY SOFTENING GLOBAL ECONOMIC
CONDITIONS OVER COURSE OF FY24

Source text for Eikon:  ID:nASX4s1s5H 
Further company coverage:  AD8.AX 

 ((Reuters.Briefs@thomsonreuters.com;))