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Avid Technology

OverviewSuggest Edit

Avid Technology develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution. The Company's video products and solutions include 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. Its audio products and solutions include Pro Tools digital audio software and workstation solutions to facilitate the audio production process. Avid Technology also provides various professional services, such as workflow design and consulting, project management, system installation and commissioning, custom development and role-based product level training, public and private training to customers and alliance partners. 

TypePublic
Founded1987
HQBurlington, USMap
Websiteavid.com
Employee Ratings3.1More
View Jobs (30)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)1,446
Job Openings30
Revenue (FY, 2018)$413.3 M(-1%)
Share Price (Nov 2019)$7.7 (+6%)

Key People/Management at Avid Technology

Jeff Rosica

Jeff Rosica

CEO & President
Diana Locke Brunelle

Diana Locke Brunelle

Chief Human Resource Officer
Ken Gayron

Ken Gayron

CFO
Jason Duva

Jason Duva

EVP, Chief Legal and Administrative Officer and Corporate Secretary
Melissa Puls

Melissa Puls

Senior Vice President & Chief Marketing Officer
Dave Perillo

Dave Perillo

SVP, Global Supply Chain Operations
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Avid Technology Office Locations

Avid Technology has offices in Burlington, Berkeley, Burbank, Fremont and in 28 other locations
Burlington, US (HQ)
75 Network Dr
Berkeley, US
2600 Tenth Street #200
Burbank, US
101 N 1st St #200
Fremont, US
6600 Stevenson Blvd
New York, US
60 E 42nd St
Santa Clara, US
2903 Bunker Hill Ln #100
Show all (37)

Avid Technology Financials and Metrics

Avid Technology Revenue

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View revenue for all periods
Avid Technology's revenue was reported to be $413.28 m in FY, 2018 which is a 1.4% decrease from the previous period.
USD

Revenue (Q3, 2019)

93.5m

Gross profit (Q3, 2019)

57.9m

Gross profit margin (Q3, 2019), %

61.9%

Net income (Q3, 2019)

3.2m

EBIT (Q3, 2019)

8.4m

Market capitalization (15-Nov-2019)

332.3m

Closing stock price (15-Nov-2019)

7.7

Cash (30-Sep-2019)

52.3m

EV

479.6m
Avid Technology's current market capitalization is $332.3 m.
Annual
USDFY, 2011FY, 2016FY, 2017FY, 2018

Revenue

677.9m511.9m419.0m413.3m

Revenue growth, %

1%(18%)(1%)

Cost of goods sold

320.9m179.2m176.9m174.1m

Gross profit

357.0m332.7m242.1m239.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

161.3m165.0m152.1m157.4m127.2m143.5m134.1m119.0m104.1m102.4m105.3m97.9m98.6m104.0m103.3m98.7m93.5m

Cost of goods sold

79.0m77.2m74.6m84.2m60.1m43.5m46.3m43.6m40.5m42.6m44.9m42.2m42.3m43.4m42.0m42.0m35.6m

Gross profit

82.4m87.7m77.6m73.2m67.1m100.1m87.8m75.4m63.6m59.8m60.4m55.7m56.3m60.6m61.3m56.7m57.9m

Gross profit Margin, %

51%53%51%46%53%70%65%63%61%58%57%57%57%58%59%57%62%
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Annual
USDFY, 2011FY, 2016FY, 2017FY, 2018

Cash

32.9m44.9m57.2m56.1m

Accounts Receivable

104.3m43.5m40.1m67.8m

Prepaid Expenses

7.7m6.0m8.2m8.9m

Inventories

111.8m50.7m38.4m33.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

37.6m33.7m49.7m59.4m71.4m87.8m50.4m47.7m47.0m47.4m44.1m48.0m60.2m50.5m55.3m51.0m52.3m

Accounts Receivable

98.4m92.9m87.5m89.2m75.1m43.7m44.8m40.9m43.6m34.4m40.9m52.5m47.7m51.0m61.3m58.6m53.7m

Prepaid Expenses

7.6m6.6m9.9m8.6m7.6m10.5m9.2m6.9m12.0m10.1m8.5m10.8m10.7m9.5m12.0m10.1m13.1m

Inventories

129.8m126.0m103.7m77.0m80.4m51.7m53.9m55.6m49.1m41.2m41.2m32.9m31.8m32.1m34.3m34.1m32.2m
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Annual
USDFY, 2011FY, 2016FY, 2017FY, 2018

Net Income

(23.8m)48.2m(13.6m)(10.7m)

Depreciation and Amortization

32.0m25.5m22.3m21.1m

Inventories

(3.5m)(2.6m)12.3m(551.0k)

Accounts Payable

(4.8m)(19.0m)3.6m9.1m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(17.0m)(25.0m)(13.0m)(52.2m)(69.6m)20.9m33.9m43.0m(1.9m)(12.7m)(12.7m)(8.9m)(17.5m)(16.6m)(213.0k)(10.9m)(7.8m)

Depreciation and Amortization

15.9m23.5m7.6m16.2m20.9m6.3m12.9m19.2m5.8m11.5m16.9m5.7m10.9m15.9m4.7m9.4m11.5m

Inventories

21.4m17.7m7.7m21.0m17.0m(3.6m)(5.8m)(7.6m)1.6m9.5m9.5m(482.0k)653.0k294.0k(1.4m)(1.1m)788.0k

Accounts Payable

(2.6m)(12.3m)(5.4m)(3.5m)(6.2m)(14.2m)(10.4m)(19.6m)2.4m980.0k2.1m(2.1m)3.4m3.5m(810.0k)(167.0k)(3.7m)
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USDY, 2019

EV/EBIT

57.1 x

EV/CFO

431.3 x

Debt/Equity

-1.2 x

Debt/Assets

0.7 x

Financial Leverage

-1.5 x
Show all financial metrics

Avid Technology Operating Metrics

Avid Technology's Backlog was reported to be $549.7m in Q1, 2019. Avid Technology's Paying Subscribers was reported to be 137 k in Q1, 2019.
Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019

Paying Subscribers

3 k5.13 k10.59 k17.23 k25.22 k34.95 k40.90 k50.04 k60.75 k60.75 k70.97 k78.14 k84.47 k93.69 k93.69 k100 k108 k116 k125 k125 k137 k

Cloud-enabled Software Subscriptions

66.99 k74.37 k80.72 k89.63 k95.87 k105.72 k116.37 k125.33 k137.14 k

Annual Contract Value

$215.70 m$226.80 m$221.80 m$215.80 m$221.70 m$244.80 m$248.50 m$248 m$237.10 m

Backlog

$549 m$543.10 m$539.20 m$539.50 m$539.50 m$528.60 m$540.30 m$513.30 m$552.10 m$552.10 m$497 m$464.70 m$437.20 m$429.30 m$429.30 m$494.20 m$487.80 m$488 m$536.10 m$536.10 m$435 m$448.20 m$459.10 m$456.80 m$456.80 m$549.70 m
Show all operating metrics

Avid Technology Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Orad Hi-Tech SystemsApril 13, 2015$70 m
Rocket NetworkFebruary 14, 2012
EuphonixApril 21, 2010
Blue Order SolutionsMarch 13, 2010
Maximum ThroughputJuly 31, 2009
SibeliusAugust 02, 2006$23 m
Sundance DigitalApril 13, 2006$12 m
MedeaMarch 02, 2006
WizooAugust 31, 2005
Pinnacle SystemsMarch 21, 2005$462 m
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Avid Technology Revenue Breakdown

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Avid Technology revenue breakdown by business segment: 49.6% from Products and Solutions and 50.4% from Services

Avid Technology revenue breakdown by geographic segment: 15.2% from Asia-Pacific, 41.7% from Europe, Middle East and Africa, 6.7% from Other Americas and 36.5% from United States

Avid Technology Online and Social Media Presence

Avid Technology's Trends

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Avid Technology News and Updates

June 06, 2019

Avid Technology to Present at the East Coast IDEAS Investor Conference

BURLINGTON, Mass., June 06, 2019 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), the leading technology provider that powers the media and entertainment industry, announced today that its CEO Jeff Rosica and CFO Ken Gayron will present at the 2019 East Coast IDEAS Investor Conference at the Westin Bosto…
April 06, 2019

Avid Technology Joins ACES Logo Program

Academy Color Encoding System welcomes creator of Avid Media Composer nonlinear editing system as inaugural member of Editorial Finishing logo product category Academy Color Encoding System welcomes creator of Avid Media Composer nonlinear editing system as inaugural member of Editorial Finishing lo…
March 25, 2019

Avid Technology to Present at the Sidoti Spring 2019 Conference

BURLINGTON, Mass., March 25, 2019 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), the leading technology provider that powers the media and entertainment industry, announced today that Ken Gayron, its Executive Vice President and Chief Financial Officer, will present at the Sidoti & Company Spring 2…
March 14, 2019

Avid Technology Announces Q4 and Full Year 2018 Results

BURLINGTON, Mass., March 14, 2019 /PRNewswire/ -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its fourth quarter and full-year 2018 financial results, provided guidance for the first quarter of 2019 and reaffirmed...
February 28, 2019

Avid Technology Announces Conference Call to Discuss Fourth Quarter 2018 Financial Results

BURLINGTON, Mass., Feb. 28, 2019 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Executive Vice President and Chief Financial Officer, …
November 14, 2018

Avid Technology Issues Full-Year 2019 Guidance

BURLINGTON, Mass., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), the leading technology provider that powers the media and entertainment industry, today issued its full-year 2019 guidance during its 2018 Investor Day.   
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Avid Technology Blogs

October 31, 2019

Pro Tools 2019 Supports 4K Video and Higher Frame Rates

The post Pro Tools 2019 Supports 4K Video and Higher Frame Rates appeared first on Avid Blogs.
October 31, 2019

What’s New in Pro Tools — October 2019

The post What’s New in Pro Tools — October 2019 appeared first on Avid Blogs.
October 16, 2019

The Rough Cut: Jeff Groth, Editor of Joker

The post The Rough Cut: Jeff Groth, Editor of Joker appeared first on Avid Blogs.
October 16, 2019

What’s New in Pro Tools — Fall 2019

The post What’s New in Pro Tools — Fall 2019 appeared first on Avid Blogs.
October 16, 2019

Avid’s End-to-End Audio and Video Solution Joins the Netflix Post Technology Alliance

The post Avid’s End-to-End Audio and Video Solution Joins the Netflix Post Technology Alliance appeared first on Avid Blogs.
October 14, 2019

My IBC Experience

The post My IBC Experience appeared first on Avid Blogs.
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 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, Diana Locke Brunelle and Ken Gayron.

  • How many employees does Avid Technology have?

    Avid Technology has 1,446 employees.

  • What is Avid Technology revenue?

    Latest Avid Technology annual revenue is $413.3 m.

  • What is Avid Technology revenue per employee?

    Latest Avid Technology revenue per employee is $285.8 k.

  • Who are Avid Technology competitors?

    Competitors of Avid Technology include GoPro, IEH and Lexar Media.

  • Where is Avid Technology headquarters?

    Avid Technology headquarters is located at 75 Network Dr, Burlington.

  • Where are Avid Technology offices?

    Avid Technology has offices in Burlington, Berkeley, Burbank, Fremont and in 28 other locations.

  • How many offices does Avid Technology have?

    Avid Technology has 37 offices.