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Audinate Group Returns to Pre-COVID Revenue Levels

22 Feb 2021  |  08:26:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Audinate returns to pre-COVID revenue levels

Audinate Group announced its results for the financial half-year ended 31 December 2020 (1H 2021). Revenue grew 19.3% in US dollar terms to US$11.1m over 2H 2020, putting the business back on its pre COVID footing (1H 2020 revenue: US$11.1m). Operating cashflow increased to $3.2m (1H 2020: $2.9m), primarily as a result of cash from the above mentioned COVID related grants.

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