** Shares of Audinate Group fall as much as 16.4% to A$7.980, hitting their lowest level since Aug 7
** Electronic equipment provider reports unaudited gross profit of $7.2 mln for Q1 FY25, says performance reflects challenges faced at start of FY
** Co says unlikely to achieve FY25 gross profit forecast
** Co had previously expected to generate slightly lower FY25 gross profit compared to FY24
** Says headwinds and challenges faced by co expected to continue into Q2 FY25
** Stock down 41% this year, as of last close
(Reporting by Shivangi Lahiri in Bengaluru)
((Shivangi.Lahiri@thomsonreuters.com;))
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