Avid Technology

Entertainment & Publishing Manufacturing & Industrial Technology data storage hardware media video

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.

Revenue(FY, 2017)

$419 M

Market capitalization(2018-04-20)

$196.9 M

Backlog(Q1, 2017)

$494.2 M

Type

Public

Burlington, US

Founded

1987

Size (employees)

1,591 (est)

Website

avid.com

Avid Technology was founded in 1987 and is headquartered in Burlington, US

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Avid Technology Office Locations

Avid Technology has an office in Burlington

Burlington, US (HQ)

75 Network Dr

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Avid Technology Financials and Metrics

Avid Technology Financials

Avid Technology's revenue was reported to be $419 m in FY, 2017

Summary

USD
Revenue (FY, 2017)	419 m
Gross profit (FY, 2017)	242.1 m
Gross profit margin (FY, 2017), %	57.8%
Net income (FY, 2017)	(13.6 m)
EBIT (FY, 2017)	5.2 m
Market capitalization (20-Apr-2018)	196.9 m
Cash (31-Dec-2017)	57.2 m
EV	344.2 m

Avid Technology's current market capitalization is $196.9 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	766.9 m	530.3 m	505.6 m	511.9 m	419 m
Revenue growth, %		(31%)	(5%)	1%
Cost of goods sold	261.7 m	204.5 m	197.4 m	179.2 m	176.9 m
Gross profit	505.2 m	325.8 m	308.2 m	332.7 m	242.1 m

Quarterly

USD	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	136.1 m	141.3 m	138.9 m	135 m	124.6 m	142.4 m	119.6 m	109.8 m	137.4 m	143.5 m	134.1 m	119 m	104.1 m	102.4 m
Cost of goods sold	52.9 m	54.8 m	56.2 m	50.7 m	50.4 m	52.8 m	47.5 m	43.5 m	49.6 m	43.5 m	46.3 m	43.6 m	40.5 m	42.6 m
Gross profit	83.1 m	86.6 m	82.7 m	84.3 m	74.2 m	89.6 m	72.1 m	66.3 m	87.8 m	100.1 m	87.8 m	75.4 m	63.6 m	59.8 m
Gross profit Margin, %	61%	61%	60%	62%	60%	63%	60%	60%	64%	70%	65%	63%	61%	58%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	48.2 m	25.1 m	17.9 m	44.9 m	57.2 m
Accounts Receivable	4.3 m	3.8 m
Inventories	60.1 m	48 m	48.1 m	50.7 m	38.4 m
Current Assets	190.9 m	152.9 m	137.4 m	151 m	154.3 m

Quarterly

USD	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Cash	64.5 m	56.1 m	50.2 m	22.2 m	23 m	22.5 m	25.5 m	34.6 m	22 m	87.8 m	50.4 m	47.7 m	47 m	47.4 m
Inventories	66.6 m	63.2 m	61.7 m	58.2 m	54.7 m	54 m	39.7 m	43.9 m	48.8 m	51.7 m	53.9 m	55.6 m	49.1 m	41.2 m
Current Assets	217.7 m	203.4 m	197.5 m	165.1 m	150.6 m	155.5 m	143.8 m	157.9 m	149.5 m	199.7 m	165.4 m	158.2 m	157.5 m	138.1 m
PP&E	38.7 m	37.4 m	36.9 m	34.4 m	33.3 m	34.4 m	31.2 m	33.3 m	34.8 m	36.7 m	35.7 m	33 m	28.4 m	24 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	226.4 m	14.7 m	2.5 m	48.2 m	(13.6 m)
Depreciation and Amortization	22.8 m	18 m	20.1 m	25.5 m	22.3 m
Inventories	9 m	12.1 m	3.1 m	(2.6 m)	12.3 m
Accounts Payable	(1.4 m)	947 k	11.2 m	(19 m)	3.6 m

Quarterly

USD	Q1, 2013	Q2, 2013	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	8.3 m	17.4 m	20 m	8.9 m	5.6 m	19.8 m	(169 k)	(4.3 m)	6.9 m	20.9 m	33.9 m	43 m	(1.9 m)	(12.7 m)
Depreciation and Amortization	6.1 m	11.8 m	17 m	4.9 m	9.4 m	13.7 m	4.1 m	8 m	13.9 m	6.3 m	12.9 m	19.2 m	5.8 m	11.5 m
Inventories	2.5 m	5.9 m	7.5 m	1.9 m	5.4 m	6.1 m	8.3 m	8.9 m	4 m	(3.6 m)	(5.8 m)	(7.6 m)	1.6 m	9.5 m
Accounts Payable	(5.4 m)	(6.7 m)	(4.8 m)	4.1 m	5.7 m	(585 k)	(3.4 m)	347 k	4.9 m	(14.2 m)	(10.4 m)	(19.6 m)	2.4 m	980 k

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Ratios

USD	Y, 2017
EV/EBIT	65.6 x
EV/CFO	38.5 x
Revenue/Employee	267.2 k
Financial Leverage	-0.9 x

Show all financial metrics

Avid Technology Operating Metrics

Avid Technology's Backlog was reported to be $494.2m in Q1, 2017. Avid Technology's Paying Subscribers was reported to be 71 k in Q1, 2017.

	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
Backlog	$549 m	$543.10 m	$539.20 m	$539.50 m	$540 m	$528.60 m	$540.30 m	$513.30 m	$552.10 m	$552 m	$497 m	$464.70 m	$437.20 m	$429.30 m	$429 m	$494.20 m
Patents (US)					175					172					160
Patents Pending (US)					32					24					13
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		70.97 k