2 buy-rated small cap ASX shares with strong growth potential

At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.

Two that investors might want to get better acquainted with are listed below. Here’s what you need to know about these small caps:

Audinate Group Limited (ASX: AD8)

Audinate is a digital audio-visual networking technologies provider best known for its industry-leading Dante audio over IP networking solution. This product is used widely across a number of industries and has begun to dominate its market.

While sales of Dante softened during the pandemic, demand has started to rebound in recent months. This led to Audinate recently reporting unaudited revenue of US$11.1 million for the six-month…