News | Reporting Season
Audinate CEO: Demand for semiconductor chips is "gangbusters"
Audinate Chief Executive Aidan Williams says the company is eyeing up to five M&A deals.
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HIGHLIGHTS
- Audinate CEO Aidan Williams describes the last six months as "cracking" for the company, citing record revenues, profits and a 72% gross profit margin
- Investors responded positively, with a 21% share price rally on results day, indicating high expectations for continued success
- Williams expects a deviation from the typical revenue split for the second half but remains optimistic due to ongoing semiconductor chip demand and successful price increases
- Audinate possesses a unique position in the global semiconductor chips narrative, emphasising strong demand and recent trade show success
- Audinate is currently in five active M&A discussions but does not expect a capital raising any time soon
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