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. 
Type
Public
HQ
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
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.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

766.9 m530.3 m505.6 m511.9 m419 m

Revenue growth, %

(31%)(5%)1%

Cost of goods sold

261.7 m204.5 m197.4 m179.2 m176.9 m

Gross profit

505.2 m325.8 m308.2 m332.7 m242.1 m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

136.1 m141.3 m138.9 m135 m124.6 m142.4 m119.6 m109.8 m137.4 m143.5 m134.1 m119 m104.1 m102.4 m

Cost of goods sold

52.9 m54.8 m56.2 m50.7 m50.4 m52.8 m47.5 m43.5 m49.6 m43.5 m46.3 m43.6 m40.5 m42.6 m

Gross profit

83.1 m86.6 m82.7 m84.3 m74.2 m89.6 m72.1 m66.3 m87.8 m100.1 m87.8 m75.4 m63.6 m59.8 m

Gross profit Margin, %

61%61%60%62%60%63%60%60%64%70%65%63%61%58%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

48.2 m25.1 m17.9 m44.9 m57.2 m

Accounts Receivable

4.3 m3.8 m

Inventories

60.1 m48 m48.1 m50.7 m38.4 m

Current Assets

190.9 m152.9 m137.4 m151 m154.3 m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

64.5 m56.1 m50.2 m22.2 m23 m22.5 m25.5 m34.6 m22 m87.8 m50.4 m47.7 m47 m47.4 m

Inventories

66.6 m63.2 m61.7 m58.2 m54.7 m54 m39.7 m43.9 m48.8 m51.7 m53.9 m55.6 m49.1 m41.2 m

Current Assets

217.7 m203.4 m197.5 m165.1 m150.6 m155.5 m143.8 m157.9 m149.5 m199.7 m165.4 m158.2 m157.5 m138.1 m

PP&E

38.7 m37.4 m36.9 m34.4 m33.3 m34.4 m31.2 m33.3 m34.8 m36.7 m35.7 m33 m28.4 m24 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

226.4 m14.7 m2.5 m48.2 m(13.6 m)

Depreciation and Amortization

22.8 m18 m20.1 m25.5 m22.3 m

Inventories

9 m12.1 m3.1 m(2.6 m)12.3 m

Accounts Payable

(1.4 m)947 k11.2 m(19 m)3.6 m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

8.3 m17.4 m20 m8.9 m5.6 m19.8 m(169 k)(4.3 m)6.9 m20.9 m33.9 m43 m(1.9 m)(12.7 m)

Depreciation and Amortization

6.1 m11.8 m17 m4.9 m9.4 m13.7 m4.1 m8 m13.9 m6.3 m12.9 m19.2 m5.8 m11.5 m

Inventories

2.5 m5.9 m7.5 m1.9 m5.4 m6.1 m8.3 m8.9 m4 m(3.6 m)(5.8 m)(7.6 m)1.6 m9.5 m

Accounts Payable

(5.4 m)(6.7 m)(4.8 m)4.1 m5.7 m(585 k)(3.4 m)347 k4.9 m(14.2 m)(10.4 m)(19.6 m)2.4 m980 k
USDY, 2017

EV/EBIT

65.6 x

EV/CFO

38.5 x

Revenue/Employee

267.2 k

Financial Leverage

-0.9 x
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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, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 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 k5.13 k10.59 k17.23 k25.22 k34.95 k40.90 k50.04 k60.75 k70.97 k
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