AD8 +6.21%: the audio-visual technology company provided a positive surprise in their quarterly update aftermarket yesterday. Revenue for the seasonally weak 3Q was $US6.5m, now strongly placed to beat FY estimates. They noted chip supply issues had started to ease after peaking early in the quarter, gross margins had been maintained above 75% and they have managed to push through price rises of around 25%. With revenue of $US21.3m so far this year, Audinate are well placed to exceed the top end of broker estimates at $US29m for the full year given they still have their seasonally strongest quarter yet to be booked.
MM are bullish AD8 and long in the Emerging Companies Portfolio
Add To Hit List
