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.
Company Growth (employees)
Type
Public
HQ
Burlington, US
Founded
1987
Size (employees)
1,591 (est)+5%
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 $104.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

104.1 m

Gross profit (Q1, 2017)

63.6 m

Gross profit margin (Q1, 2017), %

61%

Net income (Q1, 2017)

(1.9 m)

EBIT (Q1, 2017)

3.1 m

Market capitalization (18-Aug-2017)

172.8 m

Cash (31-Mar-2017)

47 m
Avid Technology's current market capitalization is $172.8 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

124.6 m142.4 m119.6 m109.8 m137.4 m143.5 m134.1 m119 m104.1 m

Cost of goods sold

50.4 m52.8 m47.5 m43.5 m49.6 m43.5 m46.3 m43.6 m40.5 m

Gross profit

74.2 m89.6 m72.1 m66.3 m87.8 m100.1 m87.8 m75.4 m63.6 m

Gross profit Margin, %

60%63%60%60%64%70%65%63%61%

R&D expense

22.1 m22.2 m23.2 m23.3 m25.2 m21.4 m21.4 m20 m18.9 m

General and administrative expense

20 m20.6 m19.4 m17.4 m15.8 m17.7 m16.8 m13.8 m14.4 m

Operating expense total

42.1 m42.8 m42.6 m40.7 m41.1 m39.1 m38.2 m33.8 m33.3 m

EBIT

(2.4 m)15.1 m1.1 m(8.2 m)14.4 m25.7 m18.8 m8.5 m3.1 m

EBIT margin, %

(2%)11%1%(7%)10%18%14%7%3%

Interest expense

(415 k)(458 k)(372 k)(920 k)(2.5 m)(4.2 m)(4.8 m)(4.7 m)(4.8 m)

Interest income

50 k1 k34 k5 k4 k

Pre tax profit

(2.7 m)14.6 m392 k(9.6 m)11.9 m21.6 m13.7 m3.8 m(1.8 m)

Income tax expense

768 k635 k703 k(5.3 m)152 k

Net Income

5.6 m19.8 m(169 k)(4.3 m)6.9 m20.9 m33.9 m43 m(1.9 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

Total Debt

188.8 m

Current Liabilities

323.9 m310 m304.9 m237.9 m

Total Liabilities

519.5 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)

Debt to Equity Ratio

-0.7 x

Debt to Assets Ratio

0.8 x

Financial Leverage

-0.7 x-0.6 x-0.8 x-0.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

23 m22.5 m25.5 m34.6 m22 m87.8 m50.4 m47.7 m47 m

Inventories

54.7 m54 m39.7 m43.9 m48.8 m51.7 m53.9 m55.6 m49.1 m

Current Assets

150.6 m155.5 m143.8 m157.9 m149.5 m199.7 m165.4 m158.2 m157.5 m

PP&E

33.3 m34.4 m31.2 m33.3 m34.8 m36.7 m35.7 m33 m28.4 m

Goodwill

33.9 m33.9 m32.6 m32.6 m32.6 m32.6 m

Total Assets

191.9 m197.2 m182 m276.2 m264.2 m311.8 m273.7 m262.9 m250.4 m

Accounts Payable

28.3 m34.5 m29.4 m34.7 m39.2 m31.3 m35.1 m25.9 m28.8 m

Current Liabilities

301.2 m328.7 m309.5 m305.1 m307.9 m274.9 m253.9 m249.9 m239.2 m

Common Stock

423 k423 k423 k423 k423 k423 k423 k423 k423 k

Additional Paid-in Capital

1 b1 b1 b1.1 b1.1 b1.1 b1.1 b1 b1 b

Retained Earnings

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

Total Equity

(349.4 m)(341.2 m)(344.7 m)(338.1 m)(327.6 m)(303.6 m)(289 m)(272.7 m)(268.9 m)

Financial Leverage

-0.5 x-0.6 x-0.5 x-0.8 x-0.8 x-1 x-0.9 x-1 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

5.6 m19.8 m(169 k)(4.3 m)6.9 m20.9 m33.9 m43 m(1.9 m)

Depreciation and Amortization

9.4 m13.7 m4.1 m8 m13.9 m6.3 m12.9 m19.2 m5.8 m

Accounts Receivable

7.7 m931 k3.1 m8.9 m6.8 m14.8 m13.7 m17.1 m14 k

Inventories

5.4 m6.1 m8.3 m8.9 m4 m(3.6 m)(5.8 m)(7.6 m)1.6 m

Accounts Payable

5.7 m(585 k)(3.4 m)347 k4.9 m(14.2 m)(10.4 m)(19.6 m)2.4 m

Cash From Operating Activities

(26.1 m)(20.8 m)4.6 m(26.2 m)(36.1 m)(11.2 m)(45 m)(48.9 m)3.5 m

Purchases of PP&E

(6.4 m)(11.7 m)(2.9 m)(6.7 m)(11.1 m)(4.5 m)(7.3 m)(9.7 m)(1.7 m)

Cash From Investing Activities

(4.9 m)(10.1 m)(3 m)(75.9 m)(78.7 m)(9.1 m)(11.9 m)(14.2 m)(36 k)

Long-term Borrowings

6.5 m12.5 m(8 m)(29.5 m)(39.5 m)(30 m)(1.3 m)(2.5 m)(1.3 m)

Cash From Financing Activities

4.9 m7.7 m(656 k)112 m112.8 m89.8 m88.6 m92.6 m(1.6 m)

Interest Paid

641 k1 m372 k981 k1.5 m353 k3.7 m5.8 m1.7 m

Income Taxes Paid

1.3 m2 m279 k877 k1.5 m600 k1 m1.7 m19 k
USDY, 2017

Revenue/Employee

66.9 k

Financial Leverage

-0.9 x

Avid Technology Operating Metrics

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

    Avid Technology Market Value History

    Avid Technology Revenue Breakdown

    Avid Technology Median Salaries

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

    Traffic Overview of Avid Technology

    Avid Technology Online and Social Media Presence

    Avid Technology News and Updates

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