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Audinate Group Limited Appendix 4D Half - year report 1. Company details Name of entity : ABN : Reporting period : Previous period : Audinate Group Limited 56 618 616 916 For the half - year ended 31 December 2020 For the half - year ended 31 December 2019 2. Results for announcement to the market audinate $ ' 000 Revenues from ordinary activities down ( 4.8 ) % to 15,372 Earnings Before Interest , Tax , Depreciation and Amortisation ( EBITDA ) down ( 1.9 ) % to 1,838 ( Loss ) / profit before income tax ( expense ) / benefit down > 100 % to ( 874 ) ( Loss ) / profit from ordinary activities after tax ( expense ) / benefit attributable to the owners of Audinate Group Limited down > 100 % to ( 1,209 ) ( Loss ) / profit for the year attributable to the owners of Audinate Group Limited down > 100 % to ( 1,209 ) Dividends There were no dividends paid , recommended or declared during the current financial period . Comments Review of operations For the half - year period ended 31 December 2020 , the Group reported a decrease in revenue of 4.8 % to $ 15.4 million from $ 16.1 million in the previous corresponding period ( six months ended 31 December 2019 ) . This decrease is due to the strengthening of the Australian dollar , as US $ ( the currency we bill our customers ) revenue was in line with the previous corresponding period . Gross margin percent also remained relatively stable at 76.9 % compared to 77.1 % for the previous corresponding period . The directors consider Earnings Before Interest , Tax , Depreciation and Amortisation ( ' EBITDA ' ) to reflect the core earnings of the Group . EBITDA is a financial measure which is not prescribed by Australian Accounting Standards ( ' AAS ' ) and represents the profit under AAS adjusted for non - cash and significant items . ( Loss ) / profit after income tax ( expense ) / benefit for the half - year Interest revenue Grant income Net foreign exchange loss Interest expense Income tax expense / ( benefit ) Depreciation and amortisation EBITDA Consolidated 31 Dec 2020 $ ' 000 31 Dec 2019 $ ' 000 ( 1,209 ) ( 145 ) 341 ( 194 ) ( 828 ) 535 1 55 60 335 3,095 ( 212 ) 1,877 1,838 1,873 As a result of COVID - 19 related stimulus initiatives the Group has received $ 759,000 in JobKeeper support payments , $ 50,000 from the Australian Government's Cash Flow Boost program and a $ 19,000 Hong Kong Employee Support Scheme grant in the half - year period ended 31 December 2020. These amounts were recorded in other income and are therefore excluded from the calculation of EBITDA .