Audinate Group Ltd
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Quick analysis of Audinate (30 sec.)

1. Valuation of Audinate (5 min.)

Live pricePrice per share (EOD)

A$9.09

Book Value per Share

A$0.99

2. Growth of Audinate (5 min.)

Is Audinate growing?

	Current year	Previous year	Grow	Grow %
How rich?	$50.7m	$52.4m	-$1.7m	-3.4%

How much money is Audinate making?

	Current year	Previous year	Grow	Grow %
Making money	-$852.2k	-$1m	$240.7k	?
Net Profit Margin	-3.4%	-5.8%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Audinate (5 min.)

4. Comparing to competitors in the Electronic Components industry (5 min.)

Industry Rankings (Electronic Components)

Richest
#407 / 539

Most Revenue
#336 / 539

Most Profit
#472 / 539

Most Efficient
#451 / 539

Fundamentals of Audinate

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.
The company is very efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

1.1. Profitability of Audinate Group Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Audinate earns for each $1 of revenue.

Above 10% is considered healthy but always compare Audinate to the Electronic Components industry mean.
A Net Profit Margin of -1.2% means that $-0.01 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Audinate Group Ltd:

The MRQ is -1.2%. The company is making a loss. -1
The TTM is -3.4%. The company is making a loss. -1

Trends

Current period		Compared to		+/-
MRQ	-1.2%	TTM	-3.4%	+2.1%
TTM	-3.4%	YOY	-5.8%	+2.4%
TTM	-3.4%	5Y	-2.9%	-0.5%
5Y	-2.9%	10Y	-22.6%	+19.8%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	-1.2%	2.9%	-4.1%
TTM	-3.4%	4.6%	-8.0%
YOY	-5.8%	5.4%	-11.2%
5Y	-2.9%	4.5%	-7.4%
10Y	-22.6%	4.7%	-27.3%

Measures how much net profit Audinate earns for each $1 of revenue.

Revenue is the amount of profit Audinate generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Audinate earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Audinate to the Electronic Components industry mean.
Can be used to compare companies within the Electronic Components industry.

You typically want a high profit margin. This means that for each $1 in sales, Audinate makes more profit. This shows the investor how efficiently Audinate is operating in general and compared to other companies in the same industry. Audinate operates in the Electronic Components industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Audinate. If profit margins remain low (compared to the Electronic Components industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Audinate is -0.01. This means that Audinate earned $-0.01 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Electronic Components industry is 2.9%.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Audinate with other companies in the same industry (Electronic Components).
Net profit margin should rise over the years.
Can be influenced when Audinate sells assets (profit will increase while costs remain the same).
It won’t show what part of Audinate is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Audinate

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Audinate = -381
Total revenue MRQ Audinate = 30,843
$-381 / $30,843 = -0.01 or -1.2%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Audinate is using its assets to generate profit.

Above 5% is considered healthy but always compare Audinate to the Electronic Components industry mean.
-0.4% Return on Assets means that Audinate generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Audinate Group Ltd:

The MRQ is -0.4%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -1.4%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-0.4%	TTM	-1.4%	+1.0%
TTM	-1.4%	YOY	-1.9%	+0.4%
TTM	-1.4%	5Y	-0.7%	-0.8%
5Y	-0.7%	10Y	-6.7%	+6.1%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	-0.4%	0.7%	-1.1%
TTM	-1.4%	1.1%	-2.5%
YOY	-1.9%	1.3%	-3.2%
5Y	-0.7%	1.1%	-1.8%
10Y	-6.7%	1.1%	-7.8%

Shows how efficient Audinate is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Audinate to the Electronic Components industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Audinate is using its resources to generate profit. If the return on assets (-0.4%) from Audinate are higher than the Electronic Components mean (0.7%) that means Audinate is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Audinate is -0.4%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Electronic Components industry is 0.7%.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Audinate

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Audinate = -381
Total assets MRQ (balance sheet) from Audinate = 90,177
-381 / 90,177 = 0.00 or -0.4%

ROA is an important ratio as it will tell you how effectively Audinate is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Audinate is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Audinate to the Electronic Components industry mean.
-0.5% Return on Equity means Audinate generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Audinate Group Ltd:

The MRQ is -0.5%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -1.7%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-0.5%	TTM	-1.7%	+1.2%
TTM	-1.7%	YOY	-2.1%	+0.4%
TTM	-1.7%	5Y	-0.7%	-0.9%
5Y	-0.7%	10Y	-9.4%	+8.6%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	-0.5%	1.2%	-1.7%
TTM	-1.7%	2.1%	-3.8%
YOY	-2.1%	2.4%	-4.5%
5Y	-0.7%	2.2%	-2.9%
10Y	-9.4%	2.1%	-11.5%

Shows how efficient Audinate is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Audinate to the Electronic Components industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Electronic Components industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Audinate is -0.5%. This means Audinate generated $0.00 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Electronic Components industry is 1.2%.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if Audinate existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Audinate

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Audinate = -381
Shareholders equity (balance sheet) MRQ Audinate = 76,339
-381 / 76,339 = 0.00 or -0.5%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Audinate Group Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Audinate is operating .

Measures how much profit Audinate makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Audinate to the Electronic Components industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Audinate Group Ltd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-1.2%	+1.2%
TTM	-1.2%	YOY	-2.8%	+1.6%
TTM	-1.2%	5Y	-2.0%	+0.8%
5Y	-2.0%	10Y	-15.8%	+13.8%

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	-	4.0%	-4.0%
TTM	-1.2%	3.8%	-5.0%
YOY	-2.8%	6.1%	-8.9%
5Y	-2.0%	5.3%	-7.3%
10Y	-15.8%	4.3%	-20.1%

Measures how efficient Audinate is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Audinate to the Electronic Components industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Audinate is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Audinate is 0.0%. This means that Audinate earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Electronic Components industry is 4.0%.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Audinate

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Audinate = -871
Total revenue MRQ Audinate = 30,843
$-871 / $30,843 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Audinate is keeping operating costs low.

Below 1 is considered healthy (always compare to Electronic Components industry mean).
An Operation Ratio of 0.29 means that the operating costs are $0.29 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Audinate Group Ltd:

The MRQ is 0.288. The company is very efficient in keeping operating costs low. +2
The TTM is 0.183. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	0.288	TTM	0.183	+0.106
TTM	0.183	YOY	0.121	+0.062
TTM	0.183	5Y	0.689	-0.506
5Y	0.689	10Y	0.783	-0.094

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	0.288	1.724	-1.436
TTM	0.183	1.707	-1.524
YOY	0.121	1.690	-1.569
5Y	0.689	1.682	-0.993
10Y	0.783	1.430	-0.647

Measures how efficient Audinate is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Audinate to the Electronic Components industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Audinate is 28.8%. This means that Audinate earned $0.29 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Electronic Components industry is 1.72.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Audinate

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(8,894 +) \ 30,843 = 0.29

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Audinate Group Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Audinate is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
A Current Ratio of 4.40 means the company has $4.40 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Audinate Group Ltd:

The MRQ is 4.401. The company is very able to pay all its short-term debts. +2
The TTM is 4.394. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	4.401	TTM	4.394	+0.007
TTM	4.394	YOY	8.218	-3.824
TTM	4.394	5Y	6.365	-1.971
5Y	6.365	10Y	4.979	+1.386

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	4.401	1.849	+2.552
TTM	4.394	1.837	+2.557
YOY	8.218	1.791	+6.427
5Y	6.365	1.882	+4.483
10Y	4.979	1.616	+3.363

Measures if Audinate is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Electronic Components industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Audinate if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Audinate is 4.40. This means Audinate has $4.40 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Electronic Components industry is 1.85.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Audinate

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
54,400 \ 12,360) = 4.40

The current ratio measures if Audinate is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Audinate is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Audinate does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Audinate is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Audinate is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Audinate to the Electronic Components industry mean.
A Quick Ratio of 4.88 means the company can pay off $4.88 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Audinate Group Ltd:

The MRQ is 4.883. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 3.799. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	4.883	TTM	3.799	+1.084
TTM	3.799	YOY	4.270	-0.472
TTM	3.799	5Y	3.709	+0.090
5Y	3.709	10Y	2.866	+0.842

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	4.883	0.675	+4.208
TTM	3.799	0.756	+3.043
YOY	4.270	0.856	+3.414
5Y	3.709	0.859	+2.850
10Y	2.866	0.866	+2.000

1.4. Solvency of Audinate Group Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Audinate assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Audinate to Electronic Components industry mean.
A Debt to Asset Ratio of 0.15 means that Audinate assets are financed with 15.3% credit (debt) and the remaining percentage (100% - 15.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Audinate Group Ltd:

The MRQ is 0.153. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.142. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.153	TTM	0.142	+0.011
TTM	0.142	YOY	0.111	+0.032
TTM	0.142	5Y	0.146	-0.004
5Y	0.146	10Y	0.168	-0.021

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	0.153	0.435	-0.282
TTM	0.142	0.438	-0.296
YOY	0.111	0.453	-0.342
5Y	0.146	0.443	-0.297
10Y	0.168	0.431	-0.263

Measures how much % of Audinate assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Audinate than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Audinate to Electronic Components industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Audinate is 0.15. This means means that Audinate is financed with 15.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Electronic Components industry is 184.9%.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Audinate has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Audinate

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
13,838 \ 90,177 = 15.3% or 0.15.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Audinate is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Audinate to the Electronic Components industry mean.
A Debt to Equity ratio of 18.1% means that company has $0.18 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Audinate Group Ltd:

The MRQ is 0.181. The company is very able to pay all its debts with equity. +2
The TTM is 0.167. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.181	TTM	0.167	+0.014
TTM	0.167	YOY	0.125	+0.042
TTM	0.167	5Y	0.173	-0.006
5Y	0.173	10Y	0.217	-0.043

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	0.181	0.792	-0.611
TTM	0.167	0.817	-0.650
YOY	0.125	0.869	-0.744
5Y	0.173	0.828	-0.655
10Y	0.217	0.822	-0.605

Measures if Audinate is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Audinate is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Audinate is 0.18. This means that Audinate can pay off $0.18 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Electronic Components industry is 0.79.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Audinate

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
13,838 \ 76,339 = 0.18 or 18.1%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Audinate Group Ltd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Audinate generates.

Above 15 is considered overpriced but always compare Audinate to the Electronic Components industry mean.
A PE ratio of -1,520.58 means the investor is paying $-1,520.58 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Audinate Group Ltd:

The EOD is -1,847.869. Company is losing money. -2
The MRQ is -1,520.578. Company is losing money. -2
The TTM is -824.318. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-1,847.869	MRQ	-1,520.578	-327.290
MRQ	-1,520.578	TTM	-824.318	-696.260
TTM	-824.318	YOY	-602.717	-221.602
TTM	-824.318	5Y	-273.105	-551.213
5Y	-273.105	10Y	-173.207	-99.898

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
EOD	-1,847.869	54.385	-1,902.254
MRQ	-1,520.578	46.046	-1,566.624
TTM	-824.318	42.719	-867.037
YOY	-602.717	57.975	-660.692
5Y	-273.105	60.817	-333.922
10Y	-173.207	75.144	-248.351

Measures how much money you pay for each share for every $1 in earnings Audinate generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Audinate to the Electronic Components industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Audinate is -1,520.58. This means the investor is paying $-1,520.58 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Electronic Components industry is 46.05.
What is the trend?
The trend is important because it shows you how Audinate is performing over time. The most recent quarter might be important if Audinate released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Audinate up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Audinate

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-381 \ 77,444 = EPS
PE ratio MRQ = -1,520.58

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Audinate.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Audinate Group Ltd:

The MRQ is -910.611. Very Bad. -2
The TTM is -632.883. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	-910.611	TTM	-632.883	-277.728
TTM	-632.883	YOY	-1,267.107	+634.224
TTM	-632.883	5Y	-4,068,184.161	+4,067,551.278
5Y	-4,068,184.161	10Y	-3,513,429.827	-554,754.334

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
MRQ	-910.611	64.001	-974.612
TTM	-632.883	93.474	-726.357
YOY	-1,267.107	91.172	-1,358.279
5Y	-4,068,184.161	190.380	-4,068,374.541
10Y	-3,513,429.827	277.119	-3,513,706.946

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Audinate is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Electronic Components industry mean).
A PB ratio of 7.59 means the investor is paying $7.59 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Audinate Group Ltd:

The EOD is 9.223. Seems overpriced? -1
The MRQ is 7.589. Seems overpriced? -1
The TTM is 7.339. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	9.223	MRQ	7.589	+1.633
MRQ	7.589	TTM	7.339	+0.250
TTM	7.339	YOY	8.363	-1.025
TTM	7.339	5Y	10.266	-2.927
5Y	10.266	10Y	7.526	+2.740

Compared to industry (Electronic Components)

Period	Company	Industry (mean)	+/-
EOD	9.223	1.908	+7.315
MRQ	7.589	1.847	+5.742
TTM	7.339	1.826	+5.513
YOY	8.363	2.251	+6.112
5Y	10.266	2.085	+8.181
10Y	7.526	2.244	+5.282

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Audinate Group Ltd.

3.1. Funds holding Audinate Group Ltd

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2021-02-28	SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF	0.05	-	39415	-	-
Total		0.05	0	39415	0	0.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Audinate Group Ltd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.014	-0.004	+128%	-0.010	+176%	0.038	-64%	0.034	-60%
Book Value Growth	-	-	1.014	0.996	+2%	0.990	+2%	1.098	-8%	1.149	-12%
Book Value Per Share	-	-	0.986	0.985	+0%	1.018	-3%	0.688	+43%	0.496	+99%
Book Value Per Share Growth	-	-	1.014	0.996	+2%	0.990	+2%	1.098	-8%	1.149	-12%
Current Ratio	-	-	4.401	4.394	+0%	8.218	-46%	6.365	-31%	4.979	-12%
Debt To Asset Ratio	-	-	0.153	0.142	+8%	0.111	+39%	0.146	+5%	0.168	-9%
Debt To Equity Ratio	-	-	0.181	0.167	+8%	0.125	+45%	0.173	+5%	0.217	-16%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.005	-0.012	+135%	-0.014	+187%	-0.007	+50%	-0.012	+151%
Eps Growth	-	-	1.670	1.199	+39%	0.798	+109%	0.341	+390%	0.544	+207%
Free Cash Flow Per Share	-	-	-0.080	-0.027	-67%	0.011	-854%	-0.005	-94%	-0.004	-95%
Free Cash Flow Per Share Growth	-	-	-954.615	-317.811	-67%	0.776	-123044%	-49.421	-95%	-35.228	-96%
Free Cash Flow To Equity Per Share	-	-	-0.086	-0.030	-65%	0.008	-1131%	0.021	-503%	0.015	-693%
Free Cash Flow To Equity Per Share Growth	-	-	-35.485	-11.229	-68%	0.492	-7315%	4.468	-894%	-3.619	-90%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.402	+149%	0.516	+94%
Intrinsic Value_10Y_max	-	-	-4.914	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-15.898	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.088	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.361	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.572	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-2.159	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-1.428	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-5.119	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	-0.012	-0.034	+172%	-0.058	+366%	-0.029	+133%	-0.226	+1732%
Operating Margin	-	-	-	-0.012	0%	-0.028	0%	-0.020	0%	-0.158	0%
Operating Ratio	-	-	0.288	0.183	+58%	0.121	+138%	0.689	-58%	0.783	-63%
Pb Ratio	9.223	+18%	7.589	7.339	+3%	8.363	-9%	10.266	-26%	7.526	+1%
Pe Ratio	-1847.869	-22%	-1520.578	-824.318	-46%	-602.717	-60%	-273.105	-82%	-173.207	-89%
Peg Ratio	-	-	-910.611	-632.883	-30%	-1267.107	+39%	-4068184.161	+446653%	-3513429.827	+385732%
Price Per Share	9.090	+18%	7.480	7.223	+4%	8.503	-12%	6.445	+16%	4.423	+69%
Price To Total Gains Ratio	667.335	+18%	549.138	123.824	+343%	-408.510	+174%	24291861.686	-100%	19124774.906	-100%
Profit Growth	-	-	1.835	1.099	+67%	0.649	+183%	0.513	+258%	-1.095	+160%
Quick Ratio	-	-	4.883	3.799	+29%	4.270	+14%	3.709	+32%	2.866	+70%
Return On Assets	-	-	-0.004	-0.014	+240%	-0.019	+339%	-0.007	+55%	-0.067	+1491%
Return On Equity	-	-	-0.005	-0.017	+238%	-0.021	+319%	-0.007	+50%	-0.094	+1778%
Revenue Growth	-	-	1.183	0.592	+100%	-	+100%	0.921	+29%	0.976	+21%
Total Gains Per Share	-	-	0.014	-0.004	+128%	-0.010	+176%	0.038	-64%	0.034	-60%
Total Gains Per Share Growth	-	-	2.545	2.272	+12%	1.000	+154%	1784926.591	-100%	1308946.300	-100%
Usd Book Value	-	-	50788336.700	50749971.067	+0%	52453915.250	-3%	35465207.292	+43%	25540708.911	+99%
Usd Book Value Change Per Share	-	-	0.009	-0.003	+128%	-0.007	+176%	0.025	-64%	0.023	-60%
Usd Book Value Per Share	-	-	0.656	0.655	+0%	0.677	-3%	0.458	+43%	0.330	+99%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-0.003	-0.008	+135%	-0.009	+187%	-0.005	+50%	-0.008	+151%
Usd Free Cash Flow	-	-	-4128186.500	-1373179.200	-67%	547375.575	-854%	-247104.133	-94%	-177923.335	-96%
Usd Free Cash Flow Per Share	-	-	-0.053	-0.018	-67%	0.007	-854%	-0.003	-94%	-0.002	-95%
Usd Free Cash Flow To Equity Per Share	-	-	-0.057	-0.020	-65%	0.006	-1131%	0.014	-503%	0.010	-693%
Usd Price Per Share	6.048	+18%	4.976	4.806	+4%	5.657	-12%	4.288	+16%	2.943	+69%
Usd Profit	-	-	-253479.300	-852249.300	+236%	-1093004.738	+331%	-469208.375	+85%	-795144.898	+214%
Usd Revenue	-	-	20519847.900	12620519.233	+63%	6357440.475	+223%	6549047.103	+213%	5112852.604	+301%
Usd Total Gains Per Share	-	-	0.009	-0.003	+128%	-0.007	+176%	0.025	-64%	0.023	-60%
	EOD	+3 -2	MRQ	TTM	+26 -12	YOY	+22 -16	5Y	+19 -20	10Y	+20 -19

4.2. Fundamental Score

Let's check the fundamental score of Audinate Group Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-1,847.869
Price to Book Ratio (EOD)	Between	0-1	9.223
Net Profit Margin (MRQ)	Greater than	0	-0.012
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	4.883
Current Ratio (MRQ)	Greater than	1	4.401
Debt to Asset Ratio (MRQ)	Less than	1	0.153
Debt to Equity Ratio (MRQ)	Less than	1	0.181
Return on Equity (MRQ)	Greater than	0.15	-0.005
Return on Assets (MRQ)	Greater than	0.05	-0.004
Total			4/10 (40.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of Audinate Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	9.130
Total			1/1 (100.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in AUD. All numbers in thousands.

Summary

Total Assets	90,177
Total Liabilities	13,838
Total Stockholder Equity	76,339

	As reported
Total Liabilities	13,838
Total Stockholder Equity	+ 76,339
Total Assets	= 90,177

Assets

Total Assets	90,177
Total Current Assets	54,400
Long-term Assets	54,400

Total Current Assets

Total Current Assets (as reported)	54,400
Short-term Investments	16,000
Net Receivables	6,483
Inventory	6,054
Other Current Assets	2,532
Total Current Assets (calculated)	31,069
+/-	23,331

Long-term Assets

Long-term Assets (as reported)	0
Property Plant Equipment	3,274
Goodwill	8,904
Intangible Assets	23,066
Long-term Assets (calculated)	35,244
+/-	35,244

Liabilities & Shareholders' Equity

Total Current Liabilities	12,360
Long-term Liabilities	-
Total Stockholder Equity	76,339

Total Current Liabilities

Total Current Liabilities (as reported)	12,360
Total Current Liabilities (calculated)	0
+/-	12,360

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long term Debt Total	653
Long-term Liabilities (calculated)	653
+/-	653

Total Stockholder Equity

Total Stockholder Equity (as reported)	76,339
Common Stock	128,656
Retained Earnings	-52,317
Total Stockholder Equity (calculated)	76,339
+/-	0

Other

Cash And Equivalents	21,867
Cash and Short Term Investments	37,867
Common Stock Shares Outstanding	77,444
Liabilities and Stockholders Equity	90,177

Balance Sheet

Currency in AUD. All numbers in thousands.

Trend

2022-12-31

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2014-06-30

> Total Assets

7,229
7,690
0
0
8,366
8,366
8,260
8,260
29,068
29,068
23,568
23,567
24,740
24,740
25,880
25,880
46,538
46,538
56,782
56,782
0
50,303
0
88,694
0
89,806
0
86,397
0
90,438
90,177

90,177

90,438

86,397

89,806

88,694

50,303

56,782

46,538

25,880

24,740

23,567

23,568

29,068

8,260

8,366

7,690

7,229

> Total Current Assets

0
0
0
0
0
0
6,387
6,387
26,702
26,702
17,667
17,667
18,295
18,295
18,477
18,477
35,556
35,556
39,080
39,080
33,773
33,773
71,185
71,185
71,799
71,799
67,185
67,185
57,842
57,842
54,400

54,400

57,842

67,185

71,799

71,185

33,773

39,080

35,556

18,477

18,295

17,667

26,702

6,387

Cash And Cash Equivalents

0
0
0
0
0
0
3,465
3,465
18,694
18,694
14,455
14,455
13,631
13,631
12,176
12,176
30,069
30,069
34,349
34,349
0
29,286
0
39,326
0
38,429
0
33,335
0
17,465
0

17,465

33,335

38,429

39,326

29,286

34,349

30,069

12,176

13,631

14,455

18,694

3,465

Short-term Investments

0
0
0
0
0
0
0
0
105
105
0
0
106
106
0
0
218
218
0
0
0
403
0
27,000
0
364
0
27,000
0
27,656
16,000

16,000

27,656

27,000

364

27,000

403

218

106

105

Net Receivables

2,536
2,459
0
0
3,065
3,065
1,912
1,912
6,994
6,994
1,834
1,834
3,163
1,819
3,487
2,045
2,872
2,872
2,620
2,620
1,849
1,849
2,708
2,708
3,240
3,199
3,409
3,409
6,513
6,513
6,483

6,483

6,513

3,409

3,199

3,240

2,708

1,849

2,620

2,872

2,045

3,487

1,819

3,163

1,834

6,994

1,912

3,065

2,459

2,536

Other Current Assets

73
113
0
0
46
46
146
146
141
141
298
298
170
1,620
469
469
812
594
1,140
1,140
0
590
961
961
0
27,952
1,336
1,336
0
607
2,532

2,532

607

1,336

27,952

961

590

1,140

594

812

469

1,620

170

298

141

146

113

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
6,444
0
0
0
10,982
0
0
0
16,530
0
0
0
18,007
0
0
0
32,596
0

32,596

18,007

16,530

10,982

6,444

Property Plant Equipment

184
197
0
0
324
324
357
357
365
365
467
467
691
691
776
776
1,013
1,013
4,342
4,342
3,936
3,936
3,694
3,694
3,401
3,401
3,231
3,231
3,521
3,521
3,274

3,274

3,521

3,231

3,401

3,694

3,936

4,342

1,013

776

691

467

365

357

324

197

184

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,605
8,904

8,904

8,605

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
444
0
0
0
444
0
0
0
443
0

443

444

Intangible Assets

4
4
0
0
4
4
1,516
1,516
98
98
2,778
2,778
365
3,879
4,547
4,547
828
7,691
10,204
10,204
0
12,050
0
13,235
0
14,094
0
15,459
0
19,937
23,066

23,066

19,937

15,459

14,094

13,235

12,050

10,204

7,691

828

4,547

3,879

365

2,778

1,516

Long-term Assets Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,982
0
0
0
0
0
0
0
0
0
0
0
0
0

10,982

> Total Liabilities

1,541
1,448
0
0
2,079
2,079
2,119
2,119
11,484
11,484
3,346
3,346
4,366
4,366
4,355
4,355
5,394
5,394
10,728
10,728
0
8,336
0
8,255
0
10,951
0
9,176
0
15,154
13,838

13,838

15,154

9,176

10,951

8,255

8,336

10,728

5,394

4,355

4,366

3,346

11,484

2,119

2,079

1,448

1,541

> Total Current Liabilities

1,371
1,240
0
0
1,847
1,847
1,805
1,805
11,179
11,179
3,046
3,046
4,057
4,057
4,011
4,011
5,261
5,261
8,265
8,265
6,097
6,097
6,302
6,302
9,244
9,244
7,750
7,750
13,174
13,174
12,360

12,360

13,174

7,750

9,244

6,302

6,097

8,265

5,261

4,011

4,057

3,046

11,179

1,805

1,847

1,240

1,371

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
218
0
0
0
585
0
0
0
656
0
0
0
860
0

860

656

585

218

Accounts payable

416
325
0
0
626
626
769
769
735
735
1,790
1,790
1,201
1,201
2,496
2,496
1,122
1,122
2,592
2,592
1,541
1,541
2,821
2,821
1,342
1,342
2,331
2,331
2,347
2,347
0

2,347

2,331

1,342

2,821

1,541

2,592

1,122

2,496

1,201

1,790

735

769

626

325

416

Other Current Liabilities

955
915
0
0
1,222
1,222
1,036
1,036
10,444
10,444
1,256
1,256
789
2,722
274
274
939
3,831
3,485
3,485
1,986
3,459
524
524
2,895
6,528
2,275
2,275
4,139
8,949
0

8,949

4,139

2,275

6,528

2,895

524

3,459

1,986

3,485

3,831

939

274

2,722

789

1,256

10,444

1,036

1,222

915

955

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
309
0
0
0
133
0
0
0
2,239
0
0
0
1,707
0
0
0
1,980
0

1,980

1,707

2,239

133

309

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,289
0
2,003
0
1,710
0
1,432
0
1,106
0
1,107
653

653

1,107

1,106

1,432

1,710

2,003

2,289

Capital Lease Obligations Min Short Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-218
0
0
0
2,003
0
0
0
1,432
0
0
0
1,107
0

1,107

1,432

2,003

-218

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
112
0
0
0
0
0
0
0
476
0

476

112

Deferred Long Term Liability

0
0
0
0
0
0
0
0
1,903
1,903
0
0
3,514
3,514
0
0
6,863
6,863
0
0
10,476
10,476
0
0
12,659
12,659
14,231
14,231
17,799
17,799
0

17,799

14,231

12,659

10,476

6,863

3,514

1,903

> Total Stockholder Equity

5,688
6,242
6,242
0
6,288
6,288
6,142
6,142
17,585
17,585
20,222
20,221
20,374
20,374
21,525
21,525
41,144
41,144
46,054
46,054
0
41,967
0
80,439
0
78,855
0
77,221
0
75,284
76,339

76,339

75,284

77,221

78,855

80,439

41,967

46,054

41,144

21,525

20,374

20,221

20,222

17,585

6,142

6,288

6,242

5,688

Common Stock

24
26
0
0
29
29
31
31
63,262
63,262
63,283
63,283
63,288
63,288
63,288
63,288
83,143
83,143
87,497
87,497
87,526
87,526
126,943
126,943
126,947
126,947
128,128
128,128
128,266
128,266
128,656

128,656

128,266

128,128

126,947

126,943

87,526

87,497

83,143

63,288

63,283

63,262

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
522
0
0
0
775
0
0
0
1,353
0
0
0
2,261
0
0
0
1,828
0

1,828

2,261

1,353

775

522

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
253
253
303
303
732
205
522
1,139
828
-174
775
1,736
990
990
1,353
3,028
1,617
1,617
2,261
2,261
1,595
1,595
1,828
1,828
0

1,828

1,595

2,261

1,617

3,028

1,353

990

1,736

775

-174

828

1,139

522

205

732

303

253

Balance Sheet

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-12-31	2016-06-30	2015-06-30	2014-06-30
Accounts Payable	2,347	1,342	1,541	1,122	1,201	735	768	626	324	416
Accumulated Other Comprehensive Income	1,828	2,261	1,353	775	522	253	-	-	-	-
Capital Lease Obligations	1,967	2,088	2,588	-	-	-	-	-	-	-
Capital Stock	128,266	126,947	87,526	83,143	-	-	-	-	-	-
Cash	17,465	38,429	29,286	30,069	13,631	14,708	14,708	3,108	3,383	3,512
Cash And Short Term Investments	45,121	65,793	29,689	30,287	13,631	14,708	-	3,208	3,493	-
Common Stock	128,266	126,947	87,526	83,143	63,288	63,116	-	29	26	24
Common Stock Shares Outstanding	76,906	75,444	67,057	64,902	64,251	55,572	-	-	-	-
Common Stock Total Equity	-	-	87,526	83,143	63,288	63,116	-	-	-	-
Current Deferred Revenue	1,018	718	512	308	134	-	-	-	-	-
Deferred Long Term Liab	17,799	12,659	10,476	6,863	3,514	1,903	-	1,265	977	326
Good Will	8,605	-	-	-	-	-	-	-	-	-
Intangible Assets	19,937	14,094	12,050	7,691	3,879	1,516	1,516	1,269	981	4
Inventory	5,601	1,855	1,645	1,803	1,225	864	864	455	448	481
Liabilities And Stockholders Equity	90,438	89,806	50,303	46,538	24,740	19,503	-	-	-	-
Long Term Debt Total	1,107	1,432	2,003	0	0	0	-	-	-	-
Long Term Investments	443	444	444	-	-	0	0	-	-	-
Net Debt	-15,498	-36,341	-26,698	-30,069	-13,631	-14,708	-	-	-	-
Net Invested Capital	75,284	78,855	41,967	41,144	20,374	17,584	-	-	-	-
Net Receivables	6,513	3,199	1,849	2,872	1,819	1,309	1,309	1,823	1,434	2,536
Net Tangible Assets	64,541	77,420	40,393	40,316	20,008	17,486	-	-25,267	-25,313	-25,867
Net Working Capital	44,668	62,555	27,676	30,295	14,238	15,523	-	-	-	-
Non Current Assets Total	32,596	18,007	16,530	10,982	6,444	1,873	1,873	-	-	-
Non Current Liabilities Other	476	-	112	-	-	-	-	-	-	-
Non Current Liabilities Total	1,980	1,707	2,239	133	309	313	313	-	-	-
Non Currrent Assets Other	-	-	-	10,982	6,444	0	0	-	-	-
Other Assets	18,332	13,171	11,020	9,141	5,388	1,903	-	1,265	977	326
Other Current Assets	607	27,000	590	218	1,620	749	749	-	37	73
Other Current Liab	8,949	6,528	3,459	3,831	2,722	1,037	134	304	202	955
Other Liab	873	275	236	133	309	305	-	231	208	170
Other Stockholder Equity	1,828	2,261	3,028	1,736	1,139	253	-	44	69	220
Preferred Stock Total Equity	-	-	-	-	-	-	-	-	31,551	31,551
Property Plant And Equipment Gross	-	-	3,936	1,013	691	357	-	-	-	-
Property Plant And Equipment Net	3,521	3,401	3,936	1,013	691	357	-	-	-	-
Property Plant Equipment	3,521	3,401	3,936	1,013	691	365	-	324	197	184
Retained Earnings	-54,810	-50,353	-46,912	-42,774	-43,435	-45,984	-45,984	-25,337	-25,404	-26,107
Short Long Term Debt Total	1,967	2,088	2,588	-	-	-	-	-	-	-
Short Term Debt	860	656	585	218	0	0	-	-	-	-
Short Term Investments	27,656	27,364	403	218	106	105	0	99	110	113
Total Assets	90,438	89,806	50,303	46,538	24,740	19,503	19,503	8,366	7,690	7,228
Total Current Assets	57,842	71,799	33,773	35,556	18,295	17,630	17,630	6,774	6,512	6,715
Total Current Liabilities	13,174	9,244	6,097	5,261	4,057	1,805	1,805	33,398	32,791	1,371
Total Liab	15,154	10,951	8,336	5,394	4,366	2,118	2,118	33,629	32,999	1,541
Total Stockholder Equity	75,284	78,855	41,967	41,144	20,374	17,385	17,385	-25,263	-25,309	5,688

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2014-06-30
Accounts Payable	-	2,347	2,347	2,331	2,331	1,342	1,342	2,821	2,821	1,541	1,541	2,592	2,592	1,122	1,122	2,496	2,496	1,201	1,201	1,790	1,790	735	735	769	769	626	626	-	-	325	416
Accumulated Other Comprehensive Income	-	1,828	-	-	-	2,261	-	-	-	1,353	-	-	-	775	-	-	-	522	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	-	1,967	-	-	-	2,088	-	-	-	2,588	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	-	128,266	-	-	-	126,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	-	17,465	-	33,335	-	38,429	-	39,326	-	29,286	-	34,349	34,349	30,069	30,069	12,176	12,176	13,631	13,631	14,455	14,455	18,694	18,694	3,465	3,465	-	-	-	-	-	-
Cash And Equivalents	21,867	17,465	-	33,335	-	38,429	-	39,326	-	29,286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	37,867	45,121	-	60,335	-	38,793	-	66,326	-	29,689	-	34,349	-	30,287	-	12,176	-	13,631	-	14,455	-	-	-	-	-	-	-	-	-	-	-
Common Stock	128,656	128,266	128,266	128,128	128,128	126,947	126,947	126,943	126,943	87,526	87,526	87,497	87,497	83,143	83,143	63,288	63,288	63,288	63,288	63,283	63,283	63,262	63,262	31	31	29	29	-	-	26	24
Common Stock Shares Outstanding	77,444	77,171	-	71,633	-	76,275	-	60,450	61,440	61,440	61,440	61,440	-	64,902	64,902	64,902	-	64,251	64,251	64,251	-	3,564	3,564	3,564	-	55,572	55,572	55,572	-	-	-
Common Stock Total Equity	-	-	-	-	-	-	-	-	-	87,526	-	-	-	83,143	-	-	-	63,288	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Deferred Revenue	-	1,018	-	-	-	718	-	-	-	512	-	-	-	308	-	-	-	134	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	-	17,799	17,799	14,231	14,231	12,659	12,659	-	-	10,476	10,476	-	-	6,863	6,863	-	-	3,514	3,514	-	-	1,903	1,903	-	-	-	-	-	-	-	-
Good Will	8,904	8,605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	23,066	19,937	-	15,459	-	14,094	-	13,235	-	12,050	-	10,204	10,204	7,691	828	4,547	4,547	3,879	365	2,778	2,778	98	98	1,516	1,516	4	4	-	-	4	4
Inventory	6,054	5,601	5,601	2,105	2,105	1,855	1,855	1,190	1,190	1,645	1,645	971	971	1,803	1,803	2,345	2,345	1,225	1,225	1,080	1,080	767	767	864	864	455	455	-	-	448	481
Liabilities And Stockholders Equity	90,177	90,438	-	86,397	-	89,806	-	88,694	-	50,303	-	-	-	46,538	-	-	-	24,740	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	653	1,107	-	1,106	-	1,432	-	1,710	-	2,003	-	2,289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	-	443	-	-	-	444	-	-	-	444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-	-15,498	-	-	-	-36,341	-	-	-	-26,698	-	-	-	-30,069	-	-	-	-13,631	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	-	75,284	-	-	-	78,855	-	-	-	41,967	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	6,483	6,513	6,513	3,409	3,409	3,199	3,240	2,708	2,708	1,849	1,849	2,620	2,620	2,872	2,872	2,045	3,487	1,819	3,163	1,834	1,834	6,994	6,994	1,912	1,912	3,065	3,065	-	-	2,459	2,536
Net Tangible Assets	-	64,541	64,541	75,993	75,993	77,420	77,420	67,204	67,204	40,393	40,393	35,850	35,850	40,316	40,316	16,978	16,978	20,009	20,009	17,443	17,443	17,486	17,486	-42,788	-42,788	-	-	-	-	-	-
Net Working Capital	-	44,668	-	-	-	62,555	-	-	-	27,676	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	-	32,596	-	-	-	18,007	-	-	-	16,530	-	-	-	10,982	-	-	-	6,444	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	-	476	-	-	-	-	-	-	-	112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	-	1,980	-	-	-	1,707	-	-	-	2,239	-	-	-	133	-	-	-	309	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	-	-	-	-	-	-	-	-	-	-	-	-	-	10,982	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	533	18,332	18,332	14,753	14,753	13,171	13,171	580	580	11,020	11,020	3,156	3,156	2,278	9,141	2,079	2,079	1,874	5,388	2,655	5,434	2,001	2,001	1,516	1,516	1,269	1,269	-	-	981	330
Other Current Assets	2,532	607	-	1,336	1,336	27,952	-	961	961	590	-	1,140	1,140	594	812	469	469	1,620	170	298	298	141	141	146	146	46	46	-	-	113	73
Other Current Liab	-	8,949	4,139	2,275	2,275	6,528	2,895	524	524	3,459	1,986	3,485	3,485	3,831	939	274	274	2,722	789	1,256	1,256	10,444	10,444	1,036	1,036	1,222	1,222	-	-	915	955
Other Liab	-	873	873	320	320	275	275	243	243	236	236	174	174	133	133	343	343	309	309	300	300	305	305	313	313	231	231	-	-	208	170
Other Stockholder Equity	-	1,828	1,828	1,595	1,595	2,261	2,261	1,617	1,617	3,028	1,353	990	990	1,736	775	-174	828	1,139	522	205	732	303	303	253	253	-	-	-	-	-	-
Preferred Stock Total Equity	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,414	47,414	31,551	31,551	-	-	31,551	31,551
Property Plant And Equipment Gross	-	-	-	-	-	-	-	-	-	3,936	-	-	-	1,013	-	-	-	691	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Net	-	3,521	-	-	-	3,401	-	-	-	3,936	-	-	-	1,013	-	-	-	691	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	3,274	3,521	3,521	3,231	3,231	3,401	3,401	3,694	3,694	3,936	3,936	4,342	4,342	1,013	1,013	776	776	691	691	467	467	365	365	357	357	324	324	-	-	197	184
Retained Earnings	-52,317	-54,810	-54,810	-52,502	-52,502	-50,353	-50,353	-48,121	-48,121	-46,912	-46,912	-42,433	-42,433	-42,774	-42,774	-41,589	-42,590	-43,435	-43,435	-43,266	-43,793	-45,980	-45,980	-41,556	-41,556	-	-	-	-	-	-
Short Long Term Debt Total	-	1,967	-	-	-	2,088	-	1,710	-	2,588	-	2,289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	0	860	-	0	-	656	-	0	-	585	-	-	-	218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	16,000	27,656	-	27,000	-	364	-	27,000	-	403	-	-	-	218	218	-	-	106	106	-	-	105	105	-	-	-	-	-	-	-	-
Total Assets	90,177	90,438	-	86,397	-	89,806	-	88,694	-	50,303	-	56,782	56,782	46,538	46,538	25,880	25,880	24,740	24,740	23,567	23,568	29,068	29,068	8,260	8,260	8,366	8,366	-	-	7,690	7,229
Total Current Assets	54,400	57,842	57,842	67,185	67,185	71,799	71,799	71,185	71,185	33,773	33,773	39,080	39,080	35,556	35,556	18,477	18,477	18,295	18,295	17,667	17,667	26,702	26,702	6,387	6,387	-	-	-	-	-	-
Total Current Liabilities	12,360	13,174	13,174	7,750	7,750	9,244	9,244	6,302	6,302	6,097	6,097	8,265	8,265	5,261	5,261	4,011	4,011	4,057	4,057	3,046	3,046	11,179	11,179	1,805	1,805	1,847	1,847	-	-	1,240	1,371
Total Liab	13,838	15,154	-	9,176	-	10,951	-	8,255	-	8,336	-	10,728	10,728	5,394	5,394	4,355	4,355	4,366	4,366	3,346	3,346	11,484	11,484	2,119	2,119	2,079	2,079	-	-	1,448	1,541
Total Stockholder Equity	76,339	75,284	-	77,221	-	78,855	-	80,439	-	41,967	-	46,054	46,054	41,144	41,144	21,525	21,525	20,374	20,374	20,221	20,222	17,585	17,585	6,142	6,142	6,288	6,288	-	6,242	6,242	5,688

Cash Flow

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30
Begin Period Cash Flow	38,429	29,286	30,069	13,631	18,694	3,108	-	-	-
Capital Expenditures	12,057	8,030	8,306	6,451	3,656	2,446	1,647	1,792	95
Change In Cash	-20,964	9,143	-783	16,438	-5,063	15,586	-275	-129	504
Change In Working Capital	182	1,339	536	1,532	586	651	485	-	-
Change To Account Receivables	-3,293	-1,283	1,061	-1,063	211	51	-339	38	-726
Change To Inventory	-3,746	-210	158	-578	-458	-346	-7	33	-37
Change To Liabilities	649	1,649	2,910	-70	-2,308	1,394	360	-77	-169
Change To Netincome	1,458	1,842	1,113	657	235	18,770	-90	126	163
Change To Operating Activities	1,633	1,944	-926	249	-197	1,024	159	-104	292
Depreciation	1,015	6,534	4,422	2,419	1,452	1,089	85	74	55
End Period Cash Flow	17,465	38,429	29,286	30,069	13,631	18,694	3,108	-	-
Free Cash Flow	-12,057	-8,030	-8,306	-6,451	-2,619	-1,206	-	-	-
Investments	-21,161	-27,000	-8,750	-6,451	-2,976	-1,865	-	-	-
Issuance Of Capital Stock	52	40,032	4,074	20,036	-	-	-	-	-
Net Borrowings	-767	-635	-642	-642	-642	-642	-	-	-
Net Income	-4,457	-3,441	-4,138	662	2,544	-20,443	54	516	-102
Other Cashflows From Financing Activities	-767	-635	-642	-6,451	-7,030	-1,865	-777	-777	-777
Other Cashflows From Investing Activities	-9,104	-27,000	-444	-444	680	581	605	767	320
Other Non Cash Items	-	-3,093	-284	-3,081	-3,996	19,354	-	-	-
Sale Purchase Of Stock	-23	-1,256	-299	-789	-115	-777	3	2	5
Total Cash From Financing Activities	-738	38,141	3,133	19,247	-3,059	16,211	3	2	1,449
Total Cash From Operating Activities	981	6,743	4,835	3,616	1,037	1,240	764	893	-460
Total Cashflows From Investing Activities	-21,161	-35,030	-8,750	-6,451	-2,976	-1,865	-1,042	-1,025	-486

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2014-06-30
Begin Period Cash Flow	-	-	-	-	-	-	-	7,322	7,517	7,517	7,517	7,517	7,517	3,408	3,408	3,408	3,408	4,674	4,674	4,674	4,674	777	777	777	-	-	-	-	-	-	-
Capital Expenditures	8,031	209	209	240	240	142	142	135	2,077	2,077	2,077	2,077	343	1,613	1,613	1,613	114	914	914	914	99	612	612	612	41	212	125	37	19	87	95
Change In Cash	4,402	-7,935	-7,935	-2,547	-2,547	-449	-449	5,020	-196	-196	-196	-196	2,140	4,110	4,110	4,110	-728	-1,266	-1,266	-1,266	-2,119	3,896	3,896	3,896	178	-	-	-	-	-	-
Change In Working Capital	204	182	-	81	-	1,339	-	1,175	-	536	-	121	-	1,532	-	102	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-	-1,647	-1,647	-1,647	-1,647	-642	-642	-642	-642	531	531	-	-	-532	-532	-532	-532	105	105	105	105	52	26	26	26	-	-	-	-	38	-
Change To Inventory	-	-1,873	-1,873	-1,873	-1,873	-105	-105	-105	-105	79	79	-	-	-289	-289	-289	-289	-229	-229	-229	-229	-173	-173	-173	-173	-	-	-	-	33	-
Change To Liabilities	-	325	325	0	0	825	825	0	0	1,455	1,455	0	0	-35	-35	0	0	-1,154	-1,154	0	0	697	697	0	0	-	-	-	-	-	-
Change To Netincome	-	1,401	1,401	-672	-672	244	244	677	677	377	377	180	180	1,050	1,050	-721	-721	1,660	1,660	-1,542	-1,542	1,057	1,057	8,328	8,328	-	-	-	-	-	-
Change To Operating Activities	-	817	817	817	817	972	972	972	972	-463	-463	-463	-463	125	125	125	125	-99	-99	-99	-99	363	363	363	363	-	-	-	-	-	-
Depreciation	-	286	286	222	222	-1,147	-1,147	1,548	1,106	1,106	1,106	1,106	1,097	605	605	605	574	363	363	363	343	272	272	272	210	-	-	-	-	-	-
End Period Cash Flow	-	-	-	-	-	-	-	-	7,322	7,322	7,322	7,322	7,517	7,517	7,517	7,517	3,408	3,408	3,408	3,408	4,674	4,674	4,674	4,674	777	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-	-868	-868	-868	-868	-	-709	-709	-709	-	-655	-655	-655	-	-302	-302	-302	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-13,500	-13,500	-13,500	-13,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-	-209	-209	-175	-175	-164	-164	-154	-154	-152	-152	-170	-170	-170	-170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	-	-1,154	-1,154	-1,075	-1,075	-1,116	-1,116	-605	-1,035	-1,035	-1,035	-1,035	171	166	166	166	422	636	636	636	1,094	-5,111	-5,111	-5,111	-8,010	177	177	-	-	-	-
Other Cashflows From Financing Activities	-11	-3	-3	-9	-9	-1	-1	-627	265	265	265	265	1,346	-3,908	-3,908	-3,908	-395	-734	-734	-734	-3,573	-3,743	-3,743	-3,743	-389	-	-	-	-	-	-
Other Cashflows From Investing Activities	11,000	-9,104	-	0	-	-27,000	-	-27,000	-	-444	-	-222	-222	-222	-222	-	-	680	0	680	340	581	529	478	239	605	303	-	-	767	320
Other Non Cash Items	-	-	-	-	-	-	-	-	-71	-71	-71	-71	-	-770	-770	-770	-	-999	-999	-999	-	4,839	4,839	4,839	-	-	-	-	-	-	-
Sale Purchase Of Stock	-	52	-	0	-	40,032	-	40,028	-75	-75	-75	-75	-	-197	-197	-197	-	-29	-29	-29	2,042	-194	-194	-194	1	-	-	-	-	-	-
Total Cash From Financing Activities	-486	-185	-185	-184	-184	-163	-163	19,234	1,209	1,209	1,209	1,209	3,197	904	904	904	9,624	259	259	259	-1,531	310	310	310	1	3	3	3	1	2	1,449
Total Cash From Operating Activities	1,826	215	215	276	276	1,752	1,752	1,620	1,620	970	970	1,448	1,448	3,616	1,533	551	275	1,036	624	-212	-106	1,240	1,148	1,056	528	764	151	-	-	893	-
Total Cashflows From Investing Activities	2,969	-7,965	-7,965	-2,616	-2,616	-1,985	-1,985	-15,530	-15,530	-1,883	-1,883	-2,492	-2,492	-6,451	-2,250	-1,951	-975	-2,976	-1,040	-895	-447	-583	-583	-350	-350	-	-	-	-	-	-

Income Statement

Currency in AUD. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30
Cost Of Revenue	11,701	7,865	7,109	7,250	5,011	3,802	3,062	1,600	1,690
Depreciation And Amortization	8,658	6,534	4,422	2,419	1,452	1,089	-	-	-
Ebit	-4,290	-3,078	-1,671	346	-736	-20,395	-692	-335	-936
Ebitda	4,368	3,456	2,751	2,765	716	-19,306	-	-	-
Gross Profit	34,591	25,504	23,208	21,063	14,642	11,261	8,841	6,435	4,895
Income Before Tax	-4,384	-3,086	-1,673	642	-736	-20,395	66	519	-94
Income Tax Expense	73	355	2,465	-20	-3,280	48	12	2	8
Interest Expense	94	8	2	296	0	0	0	0	0
Interest Income	182	266	216	296	157	168	184	450	-
Net Income	-4,457	-3,441	-4,138	662	2,544	-20,443	54	516	-102
Net Income Applicable To Common Shares	-4,457	-3,441	-4,138	662	2,544	-20,443	54	516	-102
Net Income From Continuing Ops	-4,457	-3,441	-4,138	662	2,544	-20,443	54	516	-102
Net Interest Income	9	258	-2	192	227	51	-	-	-
Operating Income	-4,290	-3,078	-1,671	346	-893	-20,548	-692	-335	-936
Other Operating Expenses	50,654	36,854	32,707	27,967	20,546	-	-	-	-
Reconciled Depreciation	8,658	6,534	4,422	2,419	1,452	1,089	-	-	-
Research Development	-	-	-	-	1,312	967	-	287	65
Selling And Marketing Expenses	2,614	1,688	2,484	2,631	2,338	1,603	-	-	-
Selling General Administrative	27,681	20,767	18,692	15,667	11,745	8,874	8,906	6,409	5,712
Tax Provision	73	355	2,465	-20	-3,280	48	12	2	-
Total Operating Expenses	38,953	28,989	25,598	20,717	15,535	31,808	12,595	8,370	7,456
Total Other Income Expense Net	-94	-8	-2	296	157	-152	758	853	842
Total Revenue	46,292	33,369	30,317	28,313	19,653	15,063	11,903	8,035	6,520

	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30
Cost Of Revenue	8,894	6,770	-	4,931	-	4,318	-	3,547	1,777	1,777	1,777	1,777	1,847	1,813	1,813	1,813	1,887	1,253	1,253	1,253	1,122	951	951	951	824	1,122	1,122	680	680
Depreciation And Amortization	-	-	-	-	-	-	-	-	1,106	1,106	1,106	1,106	-	605	605	605	-	363	363	363	-	272	272	272	-	-	-	-	-
Ebit	-	-930	-930	-1,001	-1,001	-1,114	-1,114	-629	-418	-418	-418	-418	-2	161	161	161	267	-184	-184	-184	-300	-5,099	-5,099	-5,099	-101	-	-	-	-
Ebitda	-	-	-	-	-	-	-	-	688	688	688	688	-	765	765	765	-	179	179	179	-	-4,827	-4,827	-4,827	-	-	-	-	-
Gross Profit	21,949	19,296	-	15,295	-	13,679	-	11,825	5,802	5,802	5,802	5,802	6,227	5,266	5,266	5,266	5,189	3,661	3,661	3,661	3,302	2,815	2,815	2,815	2,473	2,163	2,163	1,986	1,986
Income Before Tax	-385	-2,372	-	-2,012	-	-2,212	-	-874	-418	-418	-418	-418	65	161	161	161	365	-184	-184	-184	-229	-5,099	-5,099	-5,099	-8,009	182	182	-	-
Income Tax Expense	-	-32	-32	69	69	10	10	168	616	616	616	616	-106	-5	-5	-5	-57	-820	-820	-820	-1,322	12	12	12	1	6	6	0	0
Interest Expense	-	-	-	-	-	-	-	-	1	1	1	1	30	52	52	52	52	-	-	-	-	0	0	0	0	0	0	0	0
Interest Income	43	13	-	12	-	16	-	445	-	81	-	135	-	99	-	197	-	127	-	31	-	-	-	-	-	-	-	-	-
Net Income	-381	-2,308	-	-2,149	-	-2,232	-	-1,209	-1,035	-1,035	-1,035	-1,035	171	166	166	166	422	636	636	636	1,093	-5,111	-5,111	-5,111	-8,010	-	-	-	-
Net Income Applicable To Common Shares	-381	-1,154	-1,154	-1,075	-1,075	-1,116	-1,116	-605	-605	-2,240	-2,240	171	171	-183	-91	845	422	357	179	2,187	1,093	-2,212	-2,212	-8,010	-8,010	-	-	-	-
Net Income From Continuing Ops	-	-	-	-	-	-	-	-	-	-	-	171	171	-91	-91	422	422	179	179	1,093	1,093	-2,212	-2,212	-8,010	-8,010	-	-	-	-
Operating Income	-871	-2,360	-	-2,002	-	-2,228	-	-429	-598	-598	-598	-598	-2	87	87	87	267	-223	-223	-223	-300	-5,137	-5,137	-5,137	-101	40	40	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	8,177	8,177	8,177	8,177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	-	-	-	-	-	-	-	-	1,106	1,106	1,106	1,106	-	605	605	605	-	363	363	363	-	272	272	272	-	-	-	-	-
Selling And Marketing Expenses	-	-	-	-	-	-	-	-	621	621	621	621	-	658	658	658	-	584	584	584	-	401	401	401	-	-	-	-	-
Selling General Administrative	17,683	17,041	-	13,254	-	12,468	-	9,987	4,673	4,673	4,673	4,673	5,290	3,917	3,917	3,917	4,347	2,936	2,936	2,936	3,259	2,218	2,218	2,218	2,364	2,222	2,222	2,231	2,231
Tax Provision	-4	-64	-	137	-	20	-	335	-	2,677	-	-212	-	94	-	-114	-	-636	-	-2,644	-	-	-	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-	-	-	6,400	6,400	6,400	6,400	8,076	5,179	5,179	5,179	6,808	3,884	3,884	3,884	4,724	5,061	5,061	5,061	3,398	-	-	-	-
Total Other Income Expense Net	-	-	-	-	-	-	-	-	179	179	179	179	67	-74	-74	-74	98	-39	-39	-39	71	-38	-38	-38	-7,908	-	-	-	-
Total Revenue	30,843	26,066	-	20,226	-	17,997	-	15,372	7,579	7,579	7,579	7,579	8,074	7,078	7,078	7,078	7,075	4,913	4,913	4,913	4,424	3,766	3,766	3,766	3,297	3,285	3,285	2,666	2,666

Latest Income Statement (annual, 2022-06-30)

Gross Profit (+$)
totalRevenue	46,292
Cost of Revenue	-11,701
Gross Profit	34,591	34,591

Operating Income (+$)
Gross Profit	34,591
Operating Expense	-38,953
Operating Income	-4,290	-4,362

Operating Expense (+$)
Research Development	-
Selling General Administrative	27,681
Selling And Marketing Expenses	2,614
Operating Expense	38,953	30,295

Net Interest Income (+$)
Interest Income	182
Interest Expense	-94
Other Finance Cost	-79
Net Interest Income	9

Pretax Income (+$)
Operating Income	-4,290
Net Interest Income	9
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-4,384	-4,196 EBIT - interestExpense = -4,384 -4,384 -4,363
Interest Expense	94
Earnings Before Interest and Taxes (EBIT)	-4,290	-4,290
Earnings Before Interest and Taxes (EBITDA)	4,368

After tax Income (+$)
Income Before Tax	-4,384
Tax Provision	-73
Net Income From Continuing Ops	-4,457	-4,457
Net Income	-4,457
Net Income Applicable To Common Shares	-4,457

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	50,654
Total Other Income/Expenses Net	-94	-9

Technicals of Audinate

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Audinate Group Ltd Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Audinate Group Ltd:

Audinate Group Ltd Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Audinate Group Ltd:

The ADX is .

Audinate Group Ltd Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is lower than the price. The current trend is up. +2

Audinate Group Ltd Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1
The RSI is below 30 and oversold. +2

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Audinate Group Ltd Daily Relative Strength Index (RSI) Chart

2.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

The Stochastic is below 50. -1
The Stochastic is below 30 and oversold. +2

Audinate Group Ltd Daily Stochastic Oscillator Chart

2.3 Commodity Channel Index (CCI)

Audinate Group Ltd Daily Commodity Channel Index (CCI) Chart

2.4 Chande Momentum Oscillator (CMO)

Audinate Group Ltd Daily Chande Momentum Oscillator (CMO) Chart

2.5 Williams %R

Audinate Group Ltd Daily Williams %R Chart

3. Volatility Indicators

3.1 Bollinger Bands

Audinate Group Ltd Daily Bollinger Bands Chart

3.2 Average True Range (ATR)

Audinate Group Ltd Daily Average True Range (ATR) Chart

4. Volume Indicators

4.1 On-Balance Volume (OBV)

Audinate Group Ltd Daily On-Balance Volume (OBV) Chart

4.2 Money Flow Index (MFI)

Audinate Group Ltd Daily Money Flow Index (MFI) Chart

5. Summary

5.1. Notifications

Type	Notification	Date
Currently no notifications for Audinate Group Ltd.

5.2. Trading Signals

Date	Indicator	Entry signal	Exit signal
2023-05-29	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-05-30	CMO	LONG ENTRY	SHORT CLOSE	50 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE
2023-05-31	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	MFI	80 crossover to upside

5.2. Technical Score

Let's check the technical score of Audinate Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	9.130
Total			1/1 (100.0%)

Create your own Symbol Scanner

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Quick analysis of Audinate (30 sec.)

1. Valuation of Audinate (5 min.)

A$9.09

A$0.99

2. Growth of Audinate (5 min.)

Is Audinate growing?

How much money is Audinate making?

How much money comes from the company's main activities?

3. Financial Health of Audinate (5 min.)

4. Comparing to competitors in the Electronic Components industry (5 min.)

Industry Rankings (Electronic Components)

Fundamentals of Audinate

Financial Health

1.1. Profitability of Audinate Group Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Electronic Components)

1.1.2. Return on Assets

Trends

Compared to industry (Electronic Components)

1.1.3. Return on Equity

Trends

Compared to industry (Electronic Components)

1.2. Operating Efficiency of Audinate Group Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Electronic Components)

1.2.2. Operating Ratio

Trends

Compared to industry (Electronic Components)

1.3. Liquidity of Audinate Group Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Electronic Components)

1.3.2. Quick Ratio

Trends

Compared to industry (Electronic Components)

1.4. Solvency of Audinate Group Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Electronic Components)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Electronic Components)

2. Market Valuation of Audinate Group Ltd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Electronic Components)

2.2. Price Earnings to Growth Ratio

Trends

Compared to industry (Electronic Components)

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Compared to industry (Electronic Components)

Audinate Group Ltd
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