Audinate Group Limited, a leader in the professional AV industry with its Dante® media networking solution, delivered strong financial results for the year ending 30 June 2024. The stock price fell sharply from $16 to $7.50 after the company issued pre-earnings guidance a couple of weeks that highlighted challenges expected in FY25. The negative sentiment surrounding the outlook overshadowed the robust performance in FY24. Despite the negative outlook, Audinate still managed to achieve a record year of profit and the market has reacted positively today to the earnings update.