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Audinate (AD8) $5.99

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.

AD8
MM are bullish AD8 and long in the Emerging Companies Portfolio
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Audinate (AD8)
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