Avid Technology
- Backlog$401 MQ2, 2021
- Revenue$409.9 MFY, 2021
- Market Capitalization$1.3 B2022-08-01
OverviewSuggest Edit
Avid Technology is a company that develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution. It offers products and solutions including the Media Composer product line that is used to edit film, television programming, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization. The company also provides audio products and solutions including Pro Tools digital audio software and workstation solutions to facilitate the audio production process. Avid Technology develops various professional services, such as workflow design and consulting, project management, system installation and commissioning, custom development, and role-based product level, public, and private training to customers and alliance partners.
| Type | Public | |
| Founded | 1987 | |
| HQ | Burlington, MA, US | Map |
| Website | avid.com | |
| Employee Ratings | ||
| Overall Culture | B- | More |
Recent NewsAll News
- Avid Technology Announces Conference Call to Discuss Second Quarter 2022 Financial Results
- Avid Technology Announces Conference Call to Discuss First Quarter 2022 Financial Results
- Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2021 Financial Results
- Avid Technology to Participate in the 24th Annual Needham Virtual Growth Conference
Key People/Management at Avid Technology
Jeff Rosica
Chief Executive Officer, President and Director
Ken Gayron
Chief Financial Officer, Executive Vice President
Robert M. Bakish
Director
Tom Cordiner
Chief Revenue Officer & SVP
Nancy Hawthorne
Director
Kathy-Anne McManus
Chief Customer Experience Officer & SVP, Customer Experience and Customer Success
Avid Technology Office Locations
Avid Technology has offices in Burlington, Berkeley, Burbank, Fremont and in 33 other locations
Burlington, MA, US (HQ)
75 Network Drive
Berkeley, CA, US
2600 Tenth Street #200
Burbank, CA, US
101 N 1st St #200
Fremont, CA, US
6600 Stevenson Blvd
New York, NY, US
60 East 42nd Street Suite 600
Santa Clara, CA, US
2903 Bunker Hill Ln #100
Avid Technology Financials and Metrics
Avid Technology Revenue
Avid Technology's revenue was reported to be $409.94 m in FY, 2021
| USD | |
|---|---|
Revenue (Q1, 2022) | 100.6m |
Gross profit (Q1, 2022) | 66.8m |
Net income (Q1, 2022) | 10.6m |
EBIT (Q1, 2022) | 13.3m |
Market capitalization (1-Aug-2022) | 1.3b |
Closing stock price (1-Aug-2022) | 28.3 |
Cash (31-Mar-2022) | 41.2m |
Avid Technology's current market capitalization is $1.3 b.
Annual
Quarterly
| USD | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 104.0m | 103.3m | 98.7m | 93.5m | 86.5m | 79.3m | 90.4m | 94.4m | 94.9m | 36.9m | 100.6m |
Cost of goods sold | 43.4m | 42.0m | 42.0m | 35.6m | 33.3m | 27.7m | 32.2m | 32.9m | 34.7m | 20.5m | 33.9m |
Gross profit | 60.6m | 61.3m | 56.7m | 57.9m | 53.2m | 51.6m | 58.3m | 61.4m | 60.1m | 66.8m | |
Gross profit Margin, % | 58% | 59% | 57% | 62% | 61% | 65% | 64% | 65% | 63% |
Annual
Quarterly
| USD | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 50.5m | 55.3m | 51.0m | 52.3m | 81.2m | 55.7m | 49.1m | 55.6m | 53.3m | 50.5m | 41.2m |
Accounts Receivable | 51.0m | 61.3m | 58.6m | 53.7m | 60.0m | 52.9m | 59.7m | 58.8m | 58.7m | 58.1m | 57.4m |
Prepaid Expenses | 9.5m | 12.0m | 10.1m | 13.1m | 10.1m | 9.7m | 10.5m | 7.3m | 8.8m | 6.8m | 7.1m |
Inventories | 32.1m | 34.3m | 34.1m | 32.2m | 32.6m | 29.7m | 28.4m | 27.6m | 24.2m | 22.2m | 17.8m |
Annual
Quarterly
| USD | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (16.6m) | (213.0k) | (10.9m) | (7.8m) | (5.9m) | (4.0m) | 4.0m | 4.4m | 11.4m | 26.2m | 10.6m |
Depreciation and Amortization | 15.9m | 4.7m | 9.4m | 11.5m | 2.1m | 4.3m | 6.3m | 2.1m | 4.3m | 6.3m | 1.8m |
Inventories | 294.0k | (1.4m) | (1.1m) | 788.0k | (3.4m) | (484.0k) | 788.0k | (1.0m) | 2.3m | 4.4m | 2.1m |
Accounts Payable | 3.5m | (810.0k) | (167.0k) | (3.7m) | (4.9m) | (22.0m) | (26.4m) | (2.6m) | (48.0k) | 590.0k | (5.5m) |
| USD | Q3, 2018 |
|---|---|
Debt/Equity | -1.3 x |
Debt/Assets | 0.9 x |
Financial Leverage | -1.4 x |
Avid Technology Operating Metrics
Avid Technology's Backlog was reported to be $401m in Q2, 2021. Avid Technology's Paying Subscribers was reported to be 346 k in Q2, 2021.
| Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Paying Subscribers | 116 k | 125 k | 137 k | 147 k | 170 k | 188 k | 218 k | 242 k | 269 k | 296 k | 324 k | 346 k |
Cloud-enabled Software Subscriptions | 116.37 k | 137.14 k | 147.68 k | 170.23 k | 217 | 242 | 269 | 327 | 346 | |||
Annual Contract Value | $248.5 m | $237.1 m | $245.6 m | $257.6 m | $264.2 m | $265.3 m | $271.9 m | $302 m | $293.1 m | |||
Backlog | $459.1 m | $459.7 m | $444.8 m | $443.6 m | $435 m | $423.6 m | $402.9 m | $416.8 m | $401 m |
Avid Technology Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Orad Hi-Tech Systems | April 13, 2015 | $70 m |
| Rocket Network | February 14, 2012 | |
| Euphonix | April 21, 2010 | |
| Blue Order Solutions | March 13, 2010 | |
| Maximum Throughput | July 31, 2009 | |
| Sibelius | August 02, 2006 | $23 m |
| Sundance Digital | April 13, 2006 | $12 m |
| Medea | March 02, 2006 | |
| Wizoo | August 31, 2005 | |
| Pinnacle Systems | March 21, 2005 | $462 m |
Avid Technology Revenue Breakdown
Avid Technology revenue breakdown by business segment: 60.9% from Services and 39.1% from Products and Solutions
Avid Technology revenue breakdown by geographic segment: 6.7% from Other Americas, 14.0% from Asia-Pacific, 39.8% from United States and 39.5% from Europe, Middle East and Africa
Avid Technology Cybersecurity Score
Avid Technology Environment, Social & Governance (ESG) Ratings
Avid Technology Online and Social Media Presence
108.88k Twitter followers
Avid Technology has 108.88k Twitter Followers. The number of followers has increased 0.8% month over month and increased 1.5% quarter over quarter
Avid Technology's Trends
Twitter Engagement Stats for @Avid
50.3k
Tweets
16.1k
Following
108.9k
Followers
290
Tweets last 30 days
9.9
Avg. likes per Tweet
99.3%
Tweets with engagement
Avid Technology Company Culture
Overall Culture
B-
69/100
CEO Rating
A-
75/100
Compensation
C
66/100
Avid Technology News and Updates
July 20, 2022
Avid Technology Announces Conference Call to Discuss Second Quarter 2022 Financial Results
Management to Participate in Oppenheimer 25th Annual Technology, Internet & Communications Conference Management to Participate in Oppenheimer 25th Annual Technology, Internet & Communications Conference
April 25, 2022
Avid Technology Announces Conference Call to Discuss First Quarter 2022 Financial Results
BURLINGTON, Mass., April 25, 2022 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President,…
February 15, 2022
Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2021 Financial Results
BURLINGTON, Mass., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, …
December 22, 2021
Avid Technology to Participate in the 24th Annual Needham Virtual Growth Conference
BURLINGTON, Mass., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that its executive management will participate in an investor conference during January 2022.
October 07, 2020
Virtual Music Instrument System 2020 Global Market Key Players – Avid Technology, Ableton, Image Line, Steinberg - Analysis and Forecast to 2026
Wiseguyreports.Com Publish New Market Research Report On-“Virtual Music Instrument System Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday
June 17, 2020
IT Leasing & Financing Market Growth Report, 2028, by Key Players: Adobe, Avid Technology, Ableton, Cockos & Magix | Radiant Insights, Inc.
SAN FRANCISCO, June 17, 2020 /PRNewswire/ -- The IT Leasing and Financing Market is anticipated to achieve significant revenue share by 2028. Leasing is an important and exclusively used source of financing. It allows entities, from multinationals to start-ups to acquire the right to use...
Avid Technology Blogs
December 21, 2020
Unwrapping Media Composer 2020.12
The post Unwrapping Media Composer 2020.12 appeared first on Avid Blogs.
December 21, 2020
Avid VENUE 7 Software Now Available!
The post Avid VENUE 7 Software Now Available! appeared first on Avid Blogs.
December 18, 2020
Embody and Avid Revolutionize Mixing & Mastering on Headphones with Immerse Virtual Studio Plugin
The post Embody and Avid Revolutionize Mixing & Mastering on Headphones with Immerse Virtual Studio Plugin appeared first on Avid Blogs.
December 10, 2020
What’s New in Sibelius — December 2020
The post What’s New in Sibelius — December 2020 appeared first on Avid Blogs.
December 04, 2020
Native vs. DSP-Powered Plugins: A Music Producer’s Guide
The post Native vs. DSP-Powered Plugins: A Music Producer’s Guide appeared first on Avid Blogs.
December 03, 2020
Understanding How Streaming Services Pay
The post Understanding How Streaming Services Pay appeared first on Avid Blogs.
Avid Technology Frequently Asked Questions
When was Avid Technology founded?
Avid Technology was founded in 1987.
Who are Avid Technology key executives?
Avid Technology's key executives are Jeff Rosica, Ken Gayron and Robert M. Bakish.
How many employees does Avid Technology have?
Avid Technology has 1,405 employees.
What is Avid Technology revenue?
Latest Avid Technology annual revenue is $409.9 m.
What is Avid Technology revenue per employee?
Latest Avid Technology revenue per employee is $291.8 k.
Who are Avid Technology competitors?
Competitors of Avid Technology include Telestream, GoPro and IEH.
Where is Avid Technology headquarters?
Avid Technology headquarters is located at 75 Network Drive, Burlington.
Where are Avid Technology offices?
Avid Technology has offices in Burlington, Berkeley, Burbank, Fremont and in 33 other locations.
How many offices does Avid Technology have?
Avid Technology has 40 offices.
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