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.
Type | Public | |
Founded | 1987 | |
HQ | Burlington, MA, US | Map |
Website | avid.com | |
Employee Ratings | More |
USD | |
---|---|
Revenue (Q3, 2020) | 35.8m |
Gross profit (Q3, 2020) | 14.8m |
Gross profit margin (Q3, 2020), % | 41.4% |
Market capitalization (15-Jan-2021) | 719.3m |
Closing stock price (15-Jan-2021) | 16.3 |
Cash (30-Sept-2020) | 49.1m |
EV | 907.8m |
USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 143.5m | 134.1m | 119.0m | 104.1m | 102.4m | 105.3m | 97.9m | 98.6m | 104.0m | 103.3m | 98.7m | 93.5m | 86.5m | 27.6m | 35.8m |
Cost of goods sold | 43.5m | 46.3m | 43.6m | 40.5m | 42.6m | 44.9m | 42.2m | 42.3m | 43.4m | 42.0m | 42.0m | 35.6m | 33.3m | 17.0m | 21.0m |
Gross profit | 100.1m | 87.8m | 75.4m | 63.6m | 59.8m | 60.4m | 55.7m | 56.3m | 60.6m | 61.3m | 56.7m | 57.9m | 53.2m | 10.7m | 14.8m |
Gross profit Margin, % | 70% | 65% | 63% | 61% | 58% | 57% | 57% | 57% | 58% | 59% | 57% | 62% | 61% | 39% | 41% |
USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 87.8m | 50.4m | 47.7m | 47.0m | 47.4m | 44.1m | 48.0m | 60.2m | 50.5m | 55.3m | 51.0m | 52.3m | 81.2m | 55.7m | 49.1m |
Accounts Receivable | 43.7m | 44.8m | 40.9m | 43.6m | 34.4m | 40.9m | 52.5m | 47.7m | 51.0m | 61.3m | 58.6m | 53.7m | 60.0m | 52.9m | 59.7m |
Prepaid Expenses | 10.5m | 9.2m | 6.9m | 12.0m | 10.1m | 8.5m | 10.8m | 10.7m | 9.5m | 12.0m | 10.1m | 13.1m | 10.1m | 9.7m | 10.5m |
Inventories | 51.7m | 53.9m | 55.6m | 49.1m | 41.2m | 41.2m | 32.9m | 31.8m | 32.1m | 34.3m | 34.1m | 32.2m | 32.6m | 29.7m | 28.4m |
USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 20.9m | 33.9m | 43.0m | (1.9m) | (12.7m) | (12.7m) | (8.9m) | (17.5m) | (16.6m) | (213.0k) | (10.9m) | (7.8m) | (5.9m) | (4.0m) | 4.0m |
Depreciation and Amortization | 6.3m | 12.9m | 19.2m | 5.8m | 11.5m | 16.9m | 5.7m | 10.9m | 15.9m | 4.7m | 9.4m | 11.5m | 2.1m | 4.3m | 6.3m |
Inventories | (3.6m) | (5.8m) | (7.6m) | 1.6m | 9.5m | 9.5m | (482.0k) | 653.0k | 294.0k | (1.4m) | (1.1m) | 788.0k | (3.4m) | (484.0k) | 788.0k |
Accounts Payable | (14.2m) | (10.4m) | (19.6m) | 2.4m | 980.0k | 2.1m | (2.1m) | 3.4m | 3.5m | (810.0k) | (167.0k) | (3.7m) | (4.9m) | (22.0m) | (26.4m) |
USD | Q1, 2016 |
---|---|
Debt/Equity | -0.6 x |
Debt/Assets | 0.6 x |
Financial Leverage | -1 x |
Q1, 2014 | Q2, 2014 | Q3, 2014 | Q4, 2014 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q4, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Paying Subscribers | 3 k | 5.13 k | 10.59 k | 17.23 k | 25.22 k | 34.95 k | 40.90 k | 50.04 k | 60.75 k | 60.75 k | 70.97 k | 78.14 k | 84.47 k | 93.69 k | 93.69 k | 100 k | 108 k | 116 k | 125 k | 125 k | 137 k | 147 k | 170 k | |||||
Cloud-enabled Software Subscriptions | 66.99 k | 74.37 k | 80.72 k | 89.63 k | 95.87 k | 105.72 k | 116.37 k | 125.33 k | 137.14 k | 147.68 k | 170.23 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 | $245.60 m | $257.60 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 | $459.70 m | $444.80 m | $443.60 m |
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 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 has 100.77k Twitter Followers. The number of followers has increased 0.2% quarter over quarter
42.9k
Tweets
16.4k
Following
100.8k
Followers
260
Tweets last 30 days
9.8
Avg. likes per Tweet
100%
Tweets with engagement
When was Avid Technology founded?
Avid Technology was founded in 1987.
Who are Avid Technology key executives?
Avid Technology's key executives are Jim Sheehan, Peter M. Westley and Diana Locke Brunelle.
How many employees does Avid Technology have?
Avid Technology has 1,446 employees.
What is Avid Technology revenue?
Latest Avid Technology annual revenue is $411.8 m.
What is Avid Technology revenue per employee?
Latest Avid Technology revenue per employee is $284.8 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.
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