Audinate: Interim result 2019

This audio networking company is on a charge, but perhaps the best bit is that it has such a long way to go.

Most companies are measured by revenue, profits and cash flow, but for Audinate it's all about the volumes. So said chief executive Lee Ellison when we met with the company last week and we agree.

It makes sense to have one set of protocols directing the traffic, and Audinate is winning the race to provide them in audio networking. Management estimates that about 7-8% of the market has been taken, and at the end of December there were 1,751 products carrying Audinate's 'Dante' protocols. That's nearly double the level from a year before and almost five times the nearest rival - Cobranet, which has flatlined since 2014.

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