Audinate Group Ltd (ASX: AD8) Share Price and News
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Audinate Group Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
Data provided by Morningstar.
Market Cap
$743.93 million
P/E Ratio
2,500.00
Dividend Yield
N/A
Shares Outstanding
77.17 million
Earnings per share
-0.057
Dividend per share
N/A
Year To Date Return
6.78%
Earnings Yield
0.04%
Franking
N/A
Share Price
Day Change
52 Week Range
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Yesterday's Close
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Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Audinate Group Ltd (ASX: AD8)
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AD8 ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
|---|---|---|---|---|---|
| YesNo |
About Audinate Group Ltd
Audinate Group Ltd (ASX: AD8) is an Australian company specialising in digital audio networking technology. The company began life in 2003 when a small group of engineers received a grant from the National Information and Communications Technology of Australia (NICTA) to continue working on the design of new audio networking technology. After several years refining their technology, which went on to be named Dante, the team was spun off from NICTA to form Audinate in 2006.
From humble beginnings, Audinate has gone on to become the leading provider of AV-over-IP solutions for modern audio connectivity. The Dolby Lake Processor was the first professional audio device to be equipped with Dante and was debuted at a Barbra Streisand concern in 2008. Today, the company works with a diverse range of partners around the world, helping them integrate the Dante platform into their products. Dante has been adopted by hundreds of manufacturers globally including Bosch Communications Systems, Yamaha Commercial Audio, Harman, Symetrix and Midas, to name a few. The company continues to develop the Dante platform including innovations across both hardware and software solutions.
Audinate is headquartered in Sydney and also has offices in the United States, the United Kingdom and Hong Kong. The Audinate share price first listed on the ASX in 2017 and trended up until early 2020. The Audinate share price was hit hard by the February/March 2020 bear market, falling more than 60% between January and March. Since then, as at late September 2020, the Audinate share price has partially recovered but is yet to reach it pre-COVID highs.
AD8 Share Price History Data provided by Morningstar.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 15 Aug 2022 | $9.45 | $0.23 | 2.49% | 153,247 | $9.26 | $9.45 | $9.17 |
| 12 Aug 2022 | $9.22 | $0.18 | 1.99% | 122,777 | $9.05 | $9.22 | $9.00 |
| 11 Aug 2022 | $9.04 | $-0.15 | -1.63% | 166,681 | $9.20 | $9.34 | $8.90 |
| 10 Aug 2022 | $9.19 | $-0.30 | -3.16% | 223,294 | $9.41 | $9.41 | $9.05 |
| 09 Aug 2022 | $9.49 | $-0.16 | -1.66% | 179,721 | $9.62 | $9.69 | $9.44 |
| 08 Aug 2022 | $9.65 | $-0.45 | -4.46% | 195,478 | $10.09 | $10.09 | $9.50 |
| 05 Aug 2022 | $10.10 | $0.26 | 2.64% | 286,462 | $9.93 | $10.25 | $9.93 |
| 04 Aug 2022 | $9.84 | $-0.15 | -1.50% | 310,956 | $10.00 | $10.17 | $9.82 |
| 03 Aug 2022 | $9.99 | $0.15 | 1.52% | 305,352 | $9.80 | $10.04 | $9.64 |
| 02 Aug 2022 | $9.84 | $-0.05 | -0.51% | 374,666 | $9.88 | $10.10 | $9.83 |
| 01 Aug 2022 | $9.89 | $0.49 | 5.21% | 404,690 | $9.85 | $10.08 | $9.78 |
| 29 Jul 2022 | $9.40 | $0.30 | 3.30% | 198,353 | $9.20 | $9.49 | $9.12 |
| 28 Jul 2022 | $9.10 | $0.80 | 9.64% | 342,586 | $8.72 | $9.21 | $8.50 |
| 27 Jul 2022 | $8.30 | $-0.05 | -0.60% | 159,888 | $8.35 | $8.41 | $8.23 |
| 26 Jul 2022 | $8.35 | $-0.04 | -0.48% | 179,840 | $8.40 | $8.46 | $8.24 |
| 25 Jul 2022 | $8.39 | $-0.26 | -3.01% | 82,508 | $8.65 | $8.65 | $8.30 |
| 22 Jul 2022 | $8.65 | $-0.09 | -1.03% | 129,921 | $8.83 | $8.87 | $8.55 |
| 21 Jul 2022 | $8.74 | $0.29 | 3.43% | 255,213 | $8.64 | $8.87 | $8.59 |
| 20 Jul 2022 | $8.45 | $0.45 | 5.63% | 182,585 | $8.02 | $8.48 | $7.99 |
| 19 Jul 2022 | $8.00 | $-0.05 | -0.62% | 88,479 | $8.07 | $8.10 | $7.98 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 01 Jun 2022 | David Krall | Buy | 20 | $134,600 |
As advised by the company.
|
| 28 Feb 2022 | Aidan Williams | Sell | 70 | $527,100 |
On-market trade.
|
| 25 Feb 2022 | David Krall | Buy | 80 | $20,800 |
Exercise of options.
|
| 25 Feb 2022 | David Krall | Exercise | 80 | $20,800 |
Exercise of options.
|
| 29 Nov 2021 | Aidan Williams | Issued | 37 | $344,316 |
Issue of securities. 189,166 - Performance Rights
|
| 23 Aug 2021 | Aidan Williams | Exercise | 117 | $1,238,264 |
Conversion of securities. 151,329 - performance rights
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| 23 Aug 2021 | Aidan Williams | Issued | 117 | $1,238,264 |
Conversion of securities.
|
Directors & Management Data provided by Morningstar.
| Name | Title | Start Date | Profile |
|---|---|---|---|
| Mr John William Dyson | Non-Executive Director | Apr 2017 |
is a director and one of the founders of Starfish Ventures. He played a crucial role in the establishment of Starfish Ventures and has personally overseen and managed investments across a range of technologies and industries. Mr Dyson is currently a director of Atmail Pty Ltd., Echoview Pty Ltd., Aktana Inc., Design Crowd Pty Ltd and Hearables 3D Pty Limited. Mr Dyson is also a director at the Walter and Eliza Hall Institute of Medical Research. Formerly, Mr Dyson was General Manager (Australia) of JAFCO Investment (Asia Pacific), a Singapore based private equity manager. Prior to joining JAFCO, Mr Dyson worked in the investment banking and stockbroking industries for Schroders, Nomura Securities, KPMG and ANZ McCaughan. Former directorships (last 3 years): Director of Nitro Software Ltd (ASX: NTO)
|
| Mr Roger John Price | Non-Executive Director | Apr 2017 |
Mr Price was formerly the Chief Executive Officer of Windlab Limited, a wind energy company (which was listed on the ASX until it was sold and delisted on 29 June 2020). Previously he was also a partner at Innovation Capital, a venture capital firm in Sydney, one of the early investors in the Group. He has a depth of operational experience including senior engineering, manufacturing, information technology service and international business development roles for a number of technology-based companies. Prior to joining Innovation Capital, he was the Chief Executive Officer of Reino Intl., a developer of advanced parking solutions. He commenced his career at Alcatel and has held senior positions with a number of Australian technology businesses and NASDAQ listed software companies
|
| Mr Tim Finlayson | Non-Executive Director | May 2017 |
Mr Finlayson is a chartered accountant with more than 25 years of experience in professional services, telecommunications and infrastructure industries and has held finance and operational leadership roles in Australia, Singapore and Vietnam. Mr Finlayson is currently Chief Operating Officer with King & Wood Mallesons Australia, a leading international law firm. During his Mr Finlaysone at PricewaterhouseCoopers, Mr Finlayson was a partner of Tax and Legal Services in Indochina advising foreign companies on setting up and operating in Vietnam, Cambodia and Laos, following tax advisory roles in Sydney and Singapore. Mr Finlayson was previously Chief Financial Officer for Sydney Airport Corporation (ASX: SYD) and Hutchison Telecommunications (Australia) Limited (ASX: HTA).
|
| Ms Alison Rich Ledger | Non-Executive Director | May 2017 |
Ms Ledger is a company director with significant experience in banking, consulting and corporate P&L roles. She is currently a Non-Executive Director of ASX listed Latitude Financial Services, its subsidiary Hallmark Insurance and ASX listed Countplus. As a Partner with Mckinsey & Company, she advised leading global and Australian financial institutions on strategy, performance improvement and organisational change. While Executive General Manager, Product, Pricing and eBusinesses at Insurance Australia Group (IAG), she led the digital transformation of the direct insurance business.
|
| Mr David Krall | Non-Executive ChairmanNon-Executive Director | Apr 2017 |
Mr Krall serves as a director and/or strategic advisor to several technology companies, combining a n educational background in engineering and business over 30 years of professional experience. He currently acts as Strategic Advisor for Roku Inc. He is the former President and Chief Operating Officer of Roku Inc., a market leader in television streaming. He was also formerly President and Chief Executive Officer of Avid Technology Inc. (NASDAQ: AVID) Other current directorships: Director of Progress Software Corporation (NASDAQ: PRGS); Director of Harmonic Inc. (NASDAQ: HLIT); Director of Universal Audio; and, Director of WeVideo Inc Former directorships (last 3 years): Director of Quantum Corp. (NYSE: QTM)
|
| Mr Lee Ellison | Chief Executive OfficerExecutive Director | Apr 2017 |
Mr Ellison has held a series of senior management roles in both start-up and listed companies in the telecom and computer technology industries. Lee has held various senior executive and leadership roles over the last 30 years. Lee formerly served as founding Senior Vice President of Worldwide Sales at Dilithium Networks. Previously, Lee served as Vice President of Global Sales and International Operations for Tektronix, Inc. During his 16-year tenure with Glenayre Electronics, Lee held various executive management positions.
|
| Mr Aidan Williams | Chief Executive OfficerExecutive Director | Sep 2019 |
Mr Williams is co-founder and CEO of Audinate. While at the National ICT Australia (NICTA), he was the driving force behind the Digital Audio Networking project that developed the fundamental audio networking technology behind Dante. Prior to joining NICTA, he was at Motorola Labs in Sydney where he worked on advanced networking technologies including zero-configuration IP networking, IPv6, reliable multicast, mobile adhoc networking and residential gateways. He is an inventor on more than twenty patents related to IP networking. Before embarking on an R&D career, he developed skills in networking, security, operating systems, and software development through several years of hands-on experience managing large networks, mission-critical systems and network security for a large university campus.
|
| Mr Rob Goss | Chief Financial OfficerCompany Secretary |
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| Rob Goss | Chief Financial OfficerCompany Secretary |
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Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| J P Morgan Nominees Australia Pty Limited | 19,150,892 | 24.89% |
| Yamaha Corporation | 6,289,308 | 8.17% |
| HSBC Custody Nominees (Australia) Limited | 5,855,579 | 7.61% |
| Citicorp Nominees Pty Limited | 4,179,513 | 5.43% |
| National Nominees Limited | 2,311,373 | 3.00% |
| Mr Aidan Williams | 2,087,792 | 2.71% |
| Geetha Varuni Witana | 966,458 | 1.26% |
| BNP Paribas Nominees Pty Ltd <DRP> | 933,936 | 1.21% |
| BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> | 878,976 | 1.14% |
| BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> | 597,302 | 0.78% |
| Mirrabooka Investments Limited | 491,680 | 0.64% |
| Mr David Krall | 400,000 | 0.52% |
| BP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <DRP A/C> | 313,366 | 0.41% |
| Mr Chris Ware | 303,461 | 0.39% |
| ITR Investments Pty Limited <Ian Reid No 2 Family A/C> | 279,577 | 0.36% |
| Bond Street Custodians Limited <Lwheat - F00450 A/C> | 233,353 | 0.30% |
| Mr David John Myers | 225,000 | 0.29% |
| Brispot Nominees Pty Ltd <House Head Nominee A/C> | 217,663 | 0.28% |
| Netwealth Investments Limited <Wrap Services A/C> | 210,937 | 0.27% |
| Fabemu No 2 Pty Ltd (Gibbon Superannuation Fund) | 204,919 | 0.27% |