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Company News Summary

Audinate Group Provides FY 2020 Investor Presentation

20 Aug 2020  |  08:30:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY20 Investor Presentation

Audinate Group provided FY 2020 investor presentation. 30% increase in software revenue driven by Dante Domain Manager, royalties, and retail software sales. CCM revenue impacted by COVID-19, especially Brooklyn modules partly compensated for by Broadway & adapters. Depreciation and Amortisation up due to increasing capitalisation of development costs ($1.5m) and new lease accounting ($0.7m).

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