** 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;))