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 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.

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 (19-May-2017)

$214.6 m

Closing share price (19-May-2017)

$5.3

Cash (31-Dec-2016)

$44.9 m
Avid Technology's current market capitalization is $214.6 m.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$766.9 m$530.3 m$505.6 m$511.9 m

Revenue growth, %

(31%)(5%)1%

Cost of goods sold

$261.7 m$204.5 m$197.4 m$179.2 m

Gross profit

$505.2 m$325.8 m$308.2 m$332.7 m

Gross profit Margin, %

66%61%61%65%

R&D expense

$111.1 m$90.4 m$95.9 m$81.6 m

General and administrative expense

$50.7 m$81.2 m$74.1 m$61.5 m

Operating expense total

$340.1 m$306.1 m$301.2 m$268.7 m

EBIT

$165 m$19.7 m$7 m$64 m

EBIT margin, %

22%4%1%13%

Interest expense

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

Interest income

$142 k$126 k$113 k

Pre tax profit

$163.1 m$16.9 m$565 k$45.3 m

Income tax expense

$2.2 m($1.9 m)($2.9 m)

Net Income

$226.4 m$14.7 m$2.5 m$48.2 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$48.2 m$25.1 m$17.9 m$44.9 m

Accounts Receivable

$4.3 m$3.8 m

Inventories

$60.1 m$48 m$48.1 m$50.7 m

Current Assets

$190.9 m$152.9 m$137.4 m$151 m

PP&E

$35.2 m$32.1 m$35.5 m$30.1 m

Goodwill

$32.6 m$32.6 m

Total Assets

$235.1 m$191.6 m$247.9 m$249.6 m

Accounts Payable

$34 m$33 m$45.5 m$26.4 m

Current Liabilities

$323.9 m$310 m$304.9 m$237.9 m

Additional Paid-in Capital

$1 b$1 b$1.1 b$1 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
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$226.4 m$14.7 m$2.5 m$48.2 m

Depreciation and Amortization

$22.8 m$18 m$20.1 m$25.5 m

Accounts Receivable

$11 m$2.3 m$2.4 m$14.3 m

Inventories

$9 m$12.1 m$3.1 m($2.6 m)

Accounts Payable

($1.4 m)$947 k$11.2 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 m$91.5 m

Interest Paid

$1.3 m$1.6 m$3.5 m$9.3 m

Income Taxes Paid

$2.1 m$2.3 m$1.6 m
Y, 2016

Revenue/Employee

$303.6 k

Financial Leverage

-0.9 x

Avid Technology Market Value History

Avid Technology Median Salaries

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

Avid Technology Online Presence

Avid Technology News

Avid Technology Company Life

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