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Avid Technology

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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, MA, USMap
Websiteavid.com
Employee Ratings3.4More
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Latest Updates

Employees (est.) (Dec 2018)1,446
Revenue (FY, 2019)$411.8 M
Share Price (Jan 2021)$16.3 (-1%)
Cybersecurity ratingCMore

Key People/Management at Avid Technology

Jim Sheehan

Jim Sheehan

Vice President of Global Corporate Communications
Peter M. Westley

Peter M. Westley

Chairman of the Board
Diana Locke Brunelle

Diana Locke Brunelle

Chief Human Resource Officer
Christian A. Asmar

Christian A. Asmar

Director
Ken Gayron

Ken Gayron

Chief Financial Officer and EVP
Robert M. Bakish

Robert M. Bakish

Director
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Avid Technology Office Locations

Avid Technology has offices in Burlington, Berkeley, Burbank, Fremont and in 28 other locations
Burlington, MA, US (HQ)
75 Network Dr
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 E 42nd St
Santa Clara, CA, US
2903 Bunker Hill Ln #100
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Avid Technology Financials and Metrics

Avid Technology Revenue

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Avid Technology's revenue was reported to be $411.79 m in FY, 2019
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
Avid Technology's current market capitalization is $719.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

511.9m419.0m413.3m411.8m

Revenue growth, %

1%(18%)(1%)

Cost of goods sold

179.2m176.9m174.1m162.7m

Gross profit

332.7m242.1m239.2m249.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

143.5m134.1m119.0m104.1m102.4m105.3m97.9m98.6m104.0m103.3m98.7m93.5m86.5m27.6m35.8m

Cost of goods sold

43.5m46.3m43.6m40.5m42.6m44.9m42.2m42.3m43.4m42.0m42.0m35.6m33.3m17.0m21.0m

Gross profit

100.1m87.8m75.4m63.6m59.8m60.4m55.7m56.3m60.6m61.3m56.7m57.9m53.2m10.7m14.8m

Gross profit Margin, %

70%65%63%61%58%57%57%57%58%59%57%62%61%39%41%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

44.9m57.2m56.1m69.1m

Accounts Receivable

43.5m40.1m67.8m73.8m

Prepaid Expenses

6.0m8.2m8.9m9.4m

Inventories

50.7m38.4m33.0m29.2m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

87.8m50.4m47.7m47.0m47.4m44.1m48.0m60.2m50.5m55.3m51.0m52.3m81.2m55.7m49.1m

Accounts Receivable

43.7m44.8m40.9m43.6m34.4m40.9m52.5m47.7m51.0m61.3m58.6m53.7m60.0m52.9m59.7m

Prepaid Expenses

10.5m9.2m6.9m12.0m10.1m8.5m10.8m10.7m9.5m12.0m10.1m13.1m10.1m9.7m10.5m

Inventories

51.7m53.9m55.6m49.1m41.2m41.2m32.9m31.8m32.1m34.3m34.1m32.2m32.6m29.7m28.4m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

48.2m(13.6m)(10.7m)7.6m

Depreciation and Amortization

25.5m22.3m21.1m13.6m

Inventories

(2.6m)12.3m(551.0k)3.8m

Accounts Payable

(19.0m)3.6m9.1m626.0k
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

20.9m33.9m43.0m(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

6.3m12.9m19.2m5.8m11.5m16.9m5.7m10.9m15.9m4.7m9.4m11.5m2.1m4.3m6.3m

Inventories

(3.6m)(5.8m)(7.6m)1.6m9.5m9.5m(482.0k)653.0k294.0k(1.4m)(1.1m)788.0k(3.4m)(484.0k)788.0k

Accounts Payable

(14.2m)(10.4m)(19.6m)2.4m980.0k2.1m(2.1m)3.4m3.5m(810.0k)(167.0k)(3.7m)(4.9m)(22.0m)(26.4m)
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USDQ1, 2016

Debt/Equity

-0.6 x

Debt/Assets

0.6 x

Financial Leverage

-1 x
Show all financial metrics

Avid Technology Operating Metrics

Avid Technology's Backlog was reported to be $443.6m in Q3, 2019. Avid Technology's Paying Subscribers was reported to be 170 k in Q3, 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, 2019Q2, 2019Q3, 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 k147 k170 k

Cloud-enabled Software Subscriptions

66.99 k74.37 k80.72 k89.63 k95.87 k105.72 k116.37 k125.33 k137.14 k147.68 k170.23 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
Show all operating metrics

Avid Technology Acquisitions / Subsidiaries

Company NameDateDeal 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

Learn more about our premium products
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Avid Technology Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
CSRHub logo

Avid Technology Online and Social Media Presence

Avid Technology's Trends

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Avid Technology Company Culture

  • CEO Rating

    A+

    90/100

  • Compensation

    D

    55/100

Learn more on Comparably

Avid Technology News and Updates

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...
March 09, 2020

Avid Technology Announces Q4 and Full Year 2019 Results

Robust year-over-year Q4 subscription revenue growth of 54% leads to significant improvement in Recurring Revenue
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…
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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.
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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 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.