Audinate posts US$46M revenue for FY26
- Audinate recorded FY26 revenue of US$46 million, representing a 14.9% year-on-year increase.
- The company reported a US$37.7 million gross profit and executed a workforce restructuring to lower overhead costs.
- Management expects new software subscriptions and flat operating costs to drive future profit margin expansion across its market.
Audinate (ASX:AD8) reported FY26 revenue of US$46 million, rising 14.9% from the prior year of US$40 million.
The company achieved a gross profit of US$37.7 million and maintained an 82% gross margin compared to FY25.
Underlying EBITDA was a loss of US$3.6 million, compared to a profit of $0.7 million a year earlier. This reflects increased investment in Iris, Dante Director and broader platform development ahead of their expected revenue contribution.
The Dante ecosystem expanded to include over 8 million shipped devices and 542 manufacturing partners globally during the period.
Audinate restructured its workforce during the year to reduce overhead costs while preserving its research and development investments.
Following the announcement, the Audinate share price was unchanged at $2.25, as management projected stable FY27 operating costs.
In FY27, US dollar gross profit growth is expected to be in line with or slightly ahead of the rate achieved in FY26, with gross margins maintained at approximately 82%.
