Yesterday we had a call with Audinate’s CEO & CFO – some quick thoughts below:
- Global chip shortages remain an issue and that is the main constraint to revenue growth this year.
- While they maintained guidance for revenue growth relative to FY21, they said this would be at a lower level than historical rates which sit at 25-30% (they said the same in October last year).
- They are continuing to attract new design wins and committed orders are at their highest ever setting them up well as chip shortages ease.
- In saying that, a supplier of the Brooklyn 2 & Broadway chips has committed to additional supply in March and again the 4th quarter, easing some backlog concerns
- They have managed to push through price increases of 25% on a number of products. These increases are expected to remain in place even if cost pressures decline
- Software & video sales are ramping up, with good momentum & they expect this to continue and the track back to normality
