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Audinate ASX announcement 18 October 2021 Level 7 , 64 Kippax St. Surry Hills NSW 2010 Australia Audinate Trading Update Audinate Group Limited ( ASX : AD8 ) , developer of the professional AV - industry leading DanteⓇ media networking solutions , provides the following trading update . Record quarter for the business Audinate generated unaudited revenue of US $ 7.6 million for the quarter ended 30 September 2021 ( Q1FY22 ) , which is up 46.1 % from Q1FY21 ( US $ 5.2 million ) . Q1FY22 was a record quarter for the business during a period when factory closures in both Malaysia and China limited further revenue growth . In Australian dollars revenue was $ 10.3 million , up 42.5 % from Q1FY21 . Strong underlying growth in demand Demand for Dante products continues to reach record highs with the backlog of orders for chips , cards & modules amounting to US $ 14.8 million at the end of the quarter . This growth from pre - COVID backlog levels of around US $ 2.5 million reflects original equipment manufacturer ( OEM ) customers placing orders further into the future and strong underlying growth in demand . Component shortage expected to impact second half Electronics manufacturers in most markets are experiencing disruption caused by the global shortage of chips . An important supplier has informed Audinate of an unexpected and sudden reduction in the supply of a silicon chip used primarily in the Brooklyn II , Broadway and Dante video products . This component is also purchased directly from the supplier by OEM customers for use in high channel count reference designs and some IP Core implementations . The US supplier is one of the Top 30 global semi - conductor manufacturers and a leading supplier to the AV industry . The part in question is reliant upon the supply of silicon chips from a leading Korean semi- conductor foundry . Both companies have been impacted by surging demand for silicon chips . With immediate effect the supplier can no longer guarantee delivery of open orders for Audinate or other customers using the affected part . In the case of Audinate this relates to orders dating back to January of this year . Going forward , parts will be supplied using an allocation system with supply remaining constrained for the foreseeable future . At this stage , the published end of life of the silicon chip remains 2027 . Response to component shortage Audinate is accelerating plans to release the next generation Brooklyn product by Q4 FY22 , bringing forward engineering work already planned for the next twelve months . The next generation Brooklyn will be a pin compatible , drop - in replacement for the current Brooklyn II and we expect most OEMs to be able to incorporate it in their products with little or no re - design . It will use a next generation chip from the same supplier that is not dependent on the capacity constrained chip foundry . 1