Cash flow Audinate Group Limited

Equities

AD8

AU000000AD88

Electronic Equipment & Parts

Market Closed - Australian S.E. Other stock markets 04:11:31 12/01/26 pm AEDT			5-day change	1st Jan Change
4.320 ^AUD	+0.93%		+5.11%	+6.40%

05/12	Audinate Group Expected to Benefit From New AV Platform, Says Jefferies	MT
18/08/25	Audinate Group Limited, 2025 Earnings Call, Aug 18, 2025

4987cc23343076d58e4853.lVkm3AmHROXGwo3_ipSCeFUKbE8c4SWjla0--HkB0ds.-j5TkETiMteCrNuq6drPKjhcIQZLsGja9MENzg1AkJj-bBGwRM81kaK12A

Published financial data: AUDINATE GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	33.37M	46.29M	69.7M	91.48M	62.07M
Total Revenues	33.37M	46.29M	69.7M	91.48M	62.07M
Cost of Goods Sold, Total	7.86M	11.7M	19.47M	23.52M	10.96M
Gross Profit	25.5M	34.59M	50.23M	67.96M	51.1M
Selling General & Admin Expenses, Total	22.46M	29.8M	39.22M	47.53M	47.52M
Depreciation & Amortization - (IS)	6.53M	8.66M	10.58M	12.17M	15.61M
Other Operating Expenses	-	-	-	-	2.73M
Other Operating Expenses, Total	28.99M	38.45M	49.79M	59.71M	65.86M
Operating Income	-3.48M	-3.86M	436K	8.25M	-14.76M
Interest Expense, Total	-105K	-91K	-97K	-158K	-222K
Interest And Investment Income	266K	182K	686K	4.16M	4.69M
Net Interest Expenses	161K	91K	589K	4M	4.46M
Currency Exchange Gains (Loss)	-590K	-34K	67K	-165K	-205K
Other Non Operating Income (Expenses)	-	-79K	4K	-	-
EBT, Excl. Unusual Items	-3.91M	-3.88M	1.1M	12.08M	-10.5M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-500K	-	-	-625K
Other Unusual Items	828K	-	297K	-	-
EBT, Incl. Unusual Items	-3.09M	-4.38M	1.39M	12.08M	-11.12M
Income Tax Expense	355K	73K	-9.25M	1.85M	-4.74M
Earnings From Continuing Operations	-3.44M	-4.46M	10.64M	10.24M	-6.38M
Net Income to Company	-3.44M	-4.46M	10.64M	10.24M	-6.38M
Net Income - (IS)	-3.44M	-4.46M	10.64M	10.24M	-6.38M
Net Income to Common Incl Extra Items	-3.44M	-4.46M	10.64M	10.24M	-6.38M
Net Income to Common Excl. Extra Items	-3.44M	-4.46M	10.64M	10.24M	-6.38M
Per Share Items
Net EPS - Basic	-0.05	-0.06	0.14	0.12	-0.08
Basic EPS - Continuing Operations	-0.05	-0.06	0.14	0.12	-0.08
Basic Weighted Average Shares Outstanding	75.44M	76.91M	77.41M	81.9M	83.32M
Net EPS - Diluted	-0.05	-0.06	0.14	0.12	-0.08
Diluted EPS - Continuing Operations	-0.05	-0.06	0.14	0.12	-0.08
Diluted Weighted Average Shares Outstanding	75.44M	76.91M	78.31M	81.96M	83.32M
Normalized Basic EPS	-0.03	-0.03	0.01	0.09	-0.08
Normalized Diluted EPS	-0.03	-0.03	0.01	0.09	-0.08
Supplemental Items
EBITDA	2.35M	4.02M	10.06M	19.35M	-299K
EBITA	-3.48M	-3.86M	436K	8.25M	-14.76M
EBIT	-3.48M	-3.86M	436K	8.25M	-14.76M
EBITDAR	2.47M	4.18M	10.12M	19.42M	-233K
Effective Tax Rate - (Ratio)	-11.5	-1.67	-664.03	15.29	42.65
Current Domestic Taxes	-1.8M	-1.78M	-3.94M	457K	500K
Total Current Taxes	-1.8M	-1.78M	-3.94M	457K	500K
Deferred Domestic Taxes	316K	-278K	2.3M	1.5M	-5.26M
Total Deferred Taxes	316K	-278K	2.3M	1.5M	-5.26M
Normalized Net Income	-2.45M	-2.43M	685K	7.55M	-6.56M
Interest on Long-Term Debt	97K	79K	87K	153K	204K
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	1.69M	2.61M	4.38M	6M	6.7M
General and Administrative Expenses	2.96M	3.29M	5.38M	7.22M	7.47M
Research And Development Expense From Footnotes	5.35M	6.94M	8.68M	13.98M	16.16M
Net Rental Expense, Total	114K	165K	66K	70K	66K
Imputed Operating Lease Interest Expense	40.96K	59.24K	22.43K	29.27K	38.17K
Imputed Operating Lease Depreciation	73.04K	106K	43.57K	40.73K	27.83K
Stock-Based Comp., SG&A Exp. (Total)	1.3M	1.27M	2.51M	1.31M	615K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	1.3M	1.27M	2.51M	1.31M	615K

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	38.43M	17.46M	24.03M	47.84M	62.1M
Short Term Investments	27.36M	27.66M	17.78M	70.21M	49.2M
Total Cash And Short Term Investments	65.79M	45.12M	41.82M	118M	111M
Accounts Receivable, Total	2.67M	5.83M	4.65M	8.2M	4.09M
Other Receivables	567K	687K	1.62M	2.54M	2.88M
Total Receivables	3.24M	6.51M	6.27M	10.74M	6.96M
Inventory	1.86M	5.6M	6.71M	5.23M	4.09M
Prepaid Expenses	911K	607K	1.68M	1.36M	1.35M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	71.8M	57.84M	56.47M	135M	124M
Gross Property Plant And Equipment	6.26M	7.49M	9.53M	11.87M	13.26M
Accumulated Depreciation	-2.86M	-3.97M	-5.04M	-6.64M	-8.74M
Net Property Plant And Equipment	3.4M	3.52M	4.49M	5.23M	4.52M
Goodwill	-	8.6M	9.29M	9.07M	10.13M
Other Intangibles, Total	1.44M	2.14M	1.84M	1.15M	1.64M
Deferred Tax Assets Long-Term	68K	90K	10.75M	10.54M	15.11M
Deferred Charges Long-Term	12.66M	17.8M	23.33M	27.65M	26.83M
Other Long-Term Assets, Total	444K	443K	443K	443K	463K
Total Assets	89.81M	90.44M	107M	189M	182M
Liabilities
Accounts Payable, Total	1.34M	2.35M	2.69M	2.55M	1.86M
Accrued Expenses, Total	4.35M	5.83M	7.13M	8.86M	5.36M
Current Portion of Leases	656K	860K	980K	1.04M	1.27M
Current Income Taxes Payable	-	35K	225K	72K	43K
Unearned Revenue Current, Total	2.17M	2.04M	2.39M	2.24M	3.75M
Other Current Liabilities	722K	2.06M	881K	483K	863K
Total Current Liabilities	9.24M	13.17M	14.29M	15.25M	13.14M
Long-Term Leases	1.43M	1.11M	1.62M	2.41M	1.43M
Unearned Revenue Non Current	106K	218K	226K	887K	1.79M
Pension & Other Post Retirement Benefits	169K	179K	268K	371K	408K
Deferred Tax Liability Non Current	-	-	-	75K	37K
Other Non Current Liabilities	-	476K	-	-	292K
Total Liabilities	10.95M	15.15M	16.41M	18.99M	17.09M
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	127M	128M	129M	200M	202M
Retained Earnings	-50.35M	-54.81M	-44.17M	-33.93M	-40.31M
Comprehensive Income and Other	2.26M	1.83M	5.06M	4.65M	3.41M
Total Common Equity	78.86M	75.28M	90.2M	170M	165M
Total Equity	78.86M	75.28M	90.2M	170M	165M
Total Liabilities And Equity	89.81M	90.44M	107M	189M	182M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	76.27M	77.17M	77.45M	83.11M	83.36M
ECS Total Common Shares Outstanding	76.27M	77.17M	77.45M	83.11M	83.36M
Book Value / Share	1.03	0.98	1.16	2.05	1.98
Tangible Book Value	77.42M	64.54M	79.08M	160M	154M
Tangible Book Value Per Share	1.02	0.84	1.02	1.93	1.84
Total Debt	2.09M	1.97M	2.6M	3.45M	2.69M
Net Debt	-63.7M	-43.15M	-39.22M	-115M	-109M
Debt Equivalent Oper. Leases	912K	1.32M	528K	560K	528K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	902K	5M	3.46M	2.99M	2.09M
Inventories - Finished Goods, Total	953K	597K	3.24M	2.25M	2M
Machinery, Total	2.12M	2.6M	3.39M	3.75M	4.3M
Full Time Employees	130	178	197	225	235
Accumulated Allowance for Doubtful Accounts (Supple)	1K	3K	1K	19K	10K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-3.44M	-4.46M	10.64M	10.24M	-6.38M
Depreciation & Amortization - CF	6.53M	8.66M	10.58M	12.17M	15.61M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	6.53M	8.66M	10.58M	12.17M	15.61M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	1.3M	1.27M	2.51M	1.31M	615K
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	540K	192K	-519K	165K	224K
Change In Accounts Receivable	-1.28M	-3.29M	229K	-4.38M	3.72M
Change In Inventories	-210K	-3.75M	-1.11M	1.47M	1.15M
Change In Accounts Payable	-218K	862K	157K	-191K	-608K
Change in Unearned Revenues	1.52M	-11K	447K	465K	2.42M
Change In Income Taxes	-292K	79K	186K	-198K	-12K
Change In Deferred Taxes	349K	-202K	-9.58M	1.49M	-5.22M
Change in Other Net Operating Assets	1.94M	1.63M	-1.12M	2.84M	-4.04M
Cash from Operations	6.74M	981K	12.42M	25.38M	7.47M
Capital Expenditure	-552K	-897K	-1.2M	-790K	-1.35M
Cash Acquisitions	-	-9.1M	-843K	-	-
Sale (Purchase) of Intangible assets	-7.48M	-11.16M	-14.16M	-14.1M	-11.99M
Investment in Marketable and Equity Securities, Total	-27M	-	11M	-53.2M	21.4M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-35.03M	-21.16M	-5.2M	-68.09M	8.06M
Long-Term Debt Repaid, Total	-635K	-767K	-939K	-976K	-1.06M
Total Debt Repaid	-635K	-767K	-939K	-976K	-1.06M
Issuance of Common Stock	40.03M	52K	2K	70M	-
Other Financing Activities, Total	-1.26M	-23K	-12K	-2.12M	-315K
Cash from Financing	38.14M	-738K	-949K	66.91M	-1.38M
Foreign Exchange Rate Adjustments	-711K	-46K	297K	-383K	104K
Net Change in Cash	9.14M	-20.96M	6.57M	23.81M	14.26M
Supplemental Items
Cash Interest Paid	105K	91K	97K	158K	204K
Cash Income Tax Paid (Refund)	298K	196K	145K	556K	489K
Levered Free Cash Flow	-1.28M	-7.59M	-3M	1.86M	-3.88M
Unlevered Free Cash Flow	-1.22M	-7.54M	-2.93M	1.96M	-3.74M
Change In Net Working Capital	-1.15M	2.99M	933K	1.78M	-2.6M
Net Debt Issued / Repaid	-635K	-767K	-939K	-976K	-1.06M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.11	-2.68	0.28	3.48	-4.96
Return on Total Capital	-3.47	-3.05	0.32	3.87	-5.39
Return On Equity %	-5.7	-5.78	12.86	7.85	-3.8
Return on Common Equity	-5.7	-5.78	12.86	7.85	-3.8
Margin Analysis
Gross Profit Margin %	76.43	74.72	72.06	74.29	82.33
SG&A Margin	67.29	64.36	56.26	51.96	76.56
EBITDA Margin %	7.05	8.68	14.43	21.15	-0.48
EBITA Margin %	-10.44	-8.34	0.63	9.02	-23.77
EBIT Margin %	-10.44	-8.34	0.63	9.02	-23.77
Income From Continuing Operations Margin %	-10.31	-9.63	15.27	11.19	-10.28
Net Income Margin %	-10.31	-9.63	15.27	11.19	-10.28
Net Avail. For Common Margin %	-10.31	-9.63	15.27	11.19	-10.28
Normalized Net Income Margin	-7.33	-5.24	0.98	8.26	-10.57
Levered Free Cash Flow Margin	-3.85	-16.4	-4.3	2.03	-6.24
Unlevered Free Cash Flow Margin	-3.65	-16.28	-4.21	2.14	-6.02
Asset Turnover
Asset Turnover	0.48	0.51	0.71	0.62	0.33
Fixed Assets Turnover	9.1	13.38	17.4	18.82	12.73
Receivables Turnover (Average Receivables)	16.45	10.89	13.31	14.24	10.1
Inventory Turnover (Average Inventory)	4.49	3.14	3.16	3.94	2.35
Short Term Liquidity
Current Ratio	7.77	4.39	3.95	8.88	9.42
Quick Ratio	7.47	3.92	3.36	8.45	9
Operating Cash Flow to Current Liabilities	0.73	0.07	0.87	1.66	0.57
Days Sales Outstanding (Average Receivables)	22.18	33.51	27.42	25.69	36.13
Days Outstanding Inventory (Average Inventory)	81.21	116.29	115.36	92.88	155.12
Average Days Payable Outstanding	65.16	43.58	44.66	43.46	81.89
Cash Conversion Cycle (Average Days)	38.24	106.21	98.13	75.12	109.36
Long Term Solvency
Total Debt/Equity	2.65	2.61	2.88	2.02	1.63
Total Debt / Total Capital	2.58	2.55	2.8	1.98	1.6
LT Debt/Equity	1.82	1.47	1.79	1.41	0.86
Long-Term Debt / Total Capital	1.77	1.43	1.74	1.38	0.85
Total Liabilities / Total Assets	12.19	16.76	15.39	10.02	9.37
EBIT / Interest Expense	-33.19	-42.44	4.49	52.23	-66.47
EBITDA / Interest Expense	29.04	52.7	113.53	129.27	3.86
(EBITDA - Capex) / Interest Expense	23.78	42.85	101.16	124.27	-2.21
Total Debt / EBITDA	0.68	0.41	0.24	0.17	3.15
Net Debt / EBITDA	-20.89	-9	-3.56	-5.61	-126.88
Total Debt / (EBITDA - Capex)	0.84	0.5	0.26	0.18	-5.49
Net Debt / (EBITDA - Capex)	-25.51	-11.07	-4	-5.84	221.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.07	38.73	50.56	31.25	-32.15
Gross Profit, 1 Yr. Growth %	9.89	35.63	45.21	35.3	-24.8
EBITDA, 1 Yr. Growth %	74.22	70.75	163.98	92.41	-101.55
EBITA, 1 Yr. Growth %	45.82	10.82	-110.72	1.79K	-278.82
EBIT, 1 Yr. Growth %	45.82	10.82	-110.72	1.79K	-278.82
Earnings From Cont. Operations, 1 Yr. Growth %	-16.84	29.53	-338.79	-3.82	-162.31
Net Income, 1 Yr. Growth %	-16.84	29.53	-338.79	-3.82	-162.31
Normalized Net Income, 1 Yr. Growth %	79.87	-0.77	-127.34	1.17K	-186.87
Diluted EPS Before Extra, 1 Yr. Growth %	-26.09	27.17	-334.31	-8.09	-161.33
Accounts Receivable, 1 Yr. Growth %	93.28	117.96	-20.24	76.41	-50.12
Inventory, 1 Yr. Growth %	12.77	201.94	19.75	-21.98	-21.9
Net Property, Plant and Equip., 1 Yr. Growth %	-13.59	3.53	27.55	16.5	-13.63
Total Assets, 1 Yr. Growth %	78.53	0.7	17.87	77.74	-3.73
Tangible Book Value, 1 Yr. Growth %	91.67	-16.64	22.52	102.67	-4.2
Common Equity, 1 Yr. Growth %	87.9	-4.53	19.81	89.02	-3.04
Cash From Operations, 1 Yr. Growth %	39.46	-85.45	1.17K	104.27	-70.55
Capital Expenditures, 1 Yr. Growth %	-39.61	62.5	33.67	-34.11	70.51
Levered Free Cash Flow, 1 Yr. Growth %	-55.91	491.44	-61.21	-162.06	-308.49
Unlevered Free Cash Flow, 1 Yr. Growth %	-57.09	518.64	-61.72	-166.71	-290.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.56	23.57	44.52	40.58	-5.63
Gross Profit, 2 Yr. CAGR %	10.04	22.09	40.34	40.17	0.87
EBITDA, 2 Yr. CAGR %	73.43	72.48	106.76	125.37	-82.76
EBITA, 2 Yr. CAGR %	182.07	27.12	-64.63	42.41	481.76
EBIT, 2 Yr. CAGR %	217.37	27.12	-64.63	42.41	481.76
Earnings From Cont. Operations, 2 Yr. CAGR %	127.99	3.78	75.87	51.55	-22.59
Net Income, 2 Yr. CAGR %	127.99	3.78	75.87	51.55	-22.59
Normalized Net Income, 2 Yr. CAGR %	146.91	33.6	-47.08	73.62	231.71
Diluted EPS Before Extra, 2 Yr. CAGR %	111.46	-3.05	72.62	46.75	-24.92
Accounts Receivable, 2 Yr. CAGR %	0.53	105.25	31.85	18.62	-6.2
Inventory, 2 Yr. CAGR %	1.43	84.52	90.15	-3.34	-21.94
Net Property, Plant and Equip., 2 Yr. CAGR %	83.23	-5.42	14.91	21.9	0.31
Total Assets, 2 Yr. CAGR %	38.91	34.08	8.95	44.74	30.81
Tangible Book Value, 2 Yr. CAGR %	38.58	26.41	1.06	57.58	39.34
Common Equity, 2 Yr. CAGR %	38.44	33.94	6.95	50.48	35.38
Cash From Operations, 2 Yr. CAGR %	36.56	-54.96	35.73	408.6	-22.44
Capital Expenditures, 2 Yr. CAGR %	-9.16	-0.93	47.38	-6.15	5.99
Levered Free Cash Flow, 2 Yr. CAGR %	-30.22	61.48	52.75	-50.94	13.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	-32.03	62.93	55.21	-49.47	12.84
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	19.3	17.81	31.98	39.96	10.27
Gross Profit, 3 Yr. CAGR %	20.32	17.98	29.35	38.64	13.89
EBITDA, 3 Yr. CAGR %	46.18	72.53	95.29	101.86	-57.18
EBITA, 3 Yr. CAGR %	58.03	106.59	-43.29	33.29	53.64
EBIT, 3 Yr. CAGR %	57.44	123.48	-43.29	33.29	53.64
Earnings From Cont. Operations, 3 Yr. CAGR %	10.59	88.83	37.01	43.82	12.69
Net Income, 3 Yr. CAGR %	10.59	88.83	37.01	43.82	12.69
Normalized Net Income, 3 Yr. CAGR %	74.55	82.21	-20.44	45.61	37.83
Diluted EPS Before Extra, 3 Yr. CAGR %	4.91	78.49	30.1	39.91	9.72
Accounts Receivable, 3 Yr. CAGR %	15.43	30.11	49.78	45.29	-11.13
Inventory, 3 Yr. CAGR %	14.83	45.91	59.75	41.3	-9.97
Net Property, Plant and Equip., 3 Yr. CAGR %	70.1	51.48	4.5	15.44	8.67
Total Assets, 3 Yr. CAGR %	53.69	24.79	28.45	28.26	26.35
Tangible Book Value, 3 Yr. CAGR %	56.99	16.98	25.1	27.45	33.49
Common Equity, 3 Yr. CAGR %	57.01	22.31	29.05	29.31	29.98
Cash From Operations, 3 Yr. CAGR %	86.65	-35.26	36.97	55.55	96.76
Capital Expenditures, 3 Yr. CAGR %	-4.16	10.27	9.47	12.69	14.51
Levered Free Cash Flow, 3 Yr. CAGR %	-41.17	42.27	0.94	13.13	-20.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	-42.19	41.91	1.11	17.13	-21.3
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.9	25.18	28.81	26.44	15.41
Gross Profit, 5 Yr. CAGR %	23.6	25.16	27.96	26.4	17.1
EBITDA, 5 Yr. CAGR %	31.15	85.41	67.93	89.97	-26.03
EBITA, 5 Yr. CAGR %	38.19	68.23	-13.16	79.89	43.92
EBIT, 5 Yr. CAGR %	38.19	66.1	-13.36	88.58	43.92
Earnings From Cont. Operations, 5 Yr. CAGR %	129.16	-26.26	33.14	72.92	9.04
Net Income, 5 Yr. CAGR %	129.16	-26.26	33.14	72.92	9.04
Normalized Net Income, 5 Yr. CAGR %	126.13	90.88	8.29	79.86	36.99
Diluted EPS Before Extra, 5 Yr. CAGR %	107.04	-60.1	28.03	65.04	4.42
Accounts Receivable, 5 Yr. CAGR %	7.96	27.67	21.74	25.39	24.21
Inventory, 5 Yr. CAGR %	32.45	48.83	40.5	23.75	19.96
Net Property, Plant and Equip., 5 Yr. CAGR %	60.08	57.31	45.4	38.87	2.8
Total Assets, 5 Yr. CAGR %	60.75	25.48	33.93	32.42	29.39
Tangible Book Value, 5 Yr. CAGR %	25.1	29.85	31.63	31.79	30.61
Common Equity, 5 Yr. CAGR %	25.56	33.76	34.66	32.89	31.55
Cash From Operations, 5 Yr. CAGR %	54.57	-4.58	64.32	47.65	9.1
Capital Expenditures, 5 Yr. CAGR %	21.08	45.22	13.84	3.38	8.06
Levered Free Cash Flow, 5 Yr. CAGR %	-1.41	15.66	-13.83	-6.75	5.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	-2.44	15.48	-14.18	-5.78	5.65