Avid Technology

Avid Technology is a media platform specializes in digital media creation tools for film, video, audio, animation, games, and broadcast professionals as well as for home video and home audio enthusiasts. It connects content creation with collaboration, asset protection, distribution, and consumption for the most prestigious and award-winning feature films, music recordings, and television shows, to live concerts, and news broadcasts. Avid Technology was launched in 1987 and is based in Darlington, M.D.
Type
Public
HQ
Burlington, US
Founded
1987
Size (employees)
1,522 (est)-9%
Website
avid.com
Avid Technology was founded in 1987 and is headquartered in Burlington, US

Avid Technology Office Locations

Avid Technology has an office in Burlington
Burlington, US (HQ)
75 Network Dr

Avid Technology Data and Metrics

Avid Technology Financial Metrics

Avid Technology's revenue was reported to be $511.9 m in FY, 2016 which is a 1% increase from the previous period.
$, USD

Revenue (FY, 2016)

511.9 m

Revenue growth (FY, 2015 - FY, 2016), %

1%

Gross profit (FY, 2016)

332.7 m

Gross profit margin (FY, 2016), %

65%

Net income (FY, 2016)

48.2 m

EBIT (FY, 2016)

64 m

Market capitalization (23-Jun-2017)

206.4 m

Closing share price (23-Jun-2017)

5.1

Cash (31-Dec-2016)

44.9 m
Avid Technology's current market capitalization is $206.4 m.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

766.9 m530.3 m505.6 m511.9 m

Revenue growth, %

(31%)(5%)1%

Cost of goods sold

261.7 m204.5 m197.4 m179.2 m

Gross profit

505.2 m325.8 m308.2 m332.7 m

Gross profit Margin, %

66%61%61%65%

R&D expense

111.1 m90.4 m95.9 m81.6 m

General and administrative expense

50.7 m81.2 m74.1 m61.5 m

Operating expense total

340.1 m306.1 m301.2 m268.7 m

EBIT

165 m19.7 m7 m64 m

EBIT margin, %

22%4%1%13%

Interest expense

(1.9 m)(1.8 m)(6.3 m)(18.9 m)

Interest income

142 k126 k113 k

Pre tax profit

163.1 m16.9 m565 k45.3 m

Income tax expense

2.2 m(1.9 m)(2.9 m)

Net Income

226.4 m14.7 m2.5 m48.2 m
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

48.2 m25.1 m17.9 m44.9 m

Accounts Receivable

4.3 m3.8 m

Inventories

60.1 m48 m48.1 m50.7 m

Current Assets

190.9 m152.9 m137.4 m151 m

PP&E

35.2 m32.1 m35.5 m30.1 m

Goodwill

32.6 m32.6 m

Total Assets

235.1 m191.6 m247.9 m249.6 m

Accounts Payable

34 m33 m45.5 m26.4 m

Current Liabilities

323.9 m310 m304.9 m237.9 m

Additional Paid-in Capital

1 b1 b1.1 b1 b

Retained Earnings

(1.3 b)(1.3 b)(1.3 b)(1.3 b)

Total Equity

(359.3 m)(341.1 m)(329.6 m)(269.9 m)

Financial Leverage

-0.7 x-0.6 x-0.8 x-0.9 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

226.4 m14.7 m2.5 m48.2 m

Depreciation and Amortization

22.8 m18 m20.1 m25.5 m

Accounts Receivable

11 m2.3 m2.4 m14.3 m

Inventories

9 m12.1 m3.1 m(2.6 m)

Accounts Payable

(1.4 m)947 k11.2 m(19 m)

Cash From Operating Activities

(9.1 m)(9.9 m)(34 m)(49.2 m)

Purchases of PP&E

(11.6 m)(13.3 m)(15.3 m)(11 m)

Cash From Investing Activities

(11.5 m)(11.8 m)(81.8 m)(15.6 m)

Long-term Borrowings

(25.5 m)(65.5 m)(3.8 m)

Cash From Financing Activities

(96 k)(436 k)109.6 m91.5 m

Interest Paid

1.3 m1.6 m3.5 m9.3 m

Income Taxes Paid

2.1 m2.3 m1.6 m
$, USDY, 2016

Revenue/Employee

303.6 k

Financial Leverage

-0.9 x

Avid Technology Market Value History

Avid Technology Revenue Breakdown

Avid Technology Median Salaries

Source: 36 public H-1B filings from Avid Technology

Avid Technology Online and Social Media Presence

Avid Technology News and Updates

Avid Technology Company Life and Culture

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