SiteMinder (ASX: SDR) makes an increasing proportion of its revenue from transaction-based fees, but that is not necessarily a bad thing.

Claude is joined by Danielle Ecuyer from FNArena to discuss Siteminder (ASX: SDR) and Audinate (ASX: AD8).

The company is still growing revenue but free cash flow generation and profit margins are tracking below expectations.

SiteMinder (ASX: SDR) is still losing money, but it is headed in the right direction.