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Avid Technology

Stock Price

$27

2023-11-07

Market Capitalization

$1.2 B

2023-11-07

Revenue

$417.4 M

FY, 2022

Avid Technology Summary

Company Summary

Overview
Avid Technology is a software developer that provides media creation tools and platforms. It offers audio post-production tools, cloud software, mobile apps for graphic and media creation, video editing software, and other solutions. The company caters to the film, television, and music industries.
Type
Public
Status
Active
Founded
1987
HQ
Burlington, MA, US | view all locations
Website
https://www.avid.com
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Jeff Rosica

    Jeff Rosica, Chief Executive Officer, President and Director

  • Ken Gayron

    Ken Gayron, Chief Financial Officer, Executive Vice President

  • Robert M. Bakish, Director

    • Tom Cordiner

      Tom Cordiner, Chief Revenue Officer & SVP

    Operating MetricsView all

    Backlog

    $401M
    5.3%

    Q2, 2021

    Annual Contract Value

    $293.1M
    10.5%

    Q2, 2021

    Paying Subscribers

    506K
    23.4%

    FY, 2022

    LocationsView all

    40 locations detected

    • Burlington, MA HQ

      United States

      75 Network Drive

    • Berkeley, CA

      United States

      2600 Tenth Street #200

    • Burbank, CA

      United States

      101 N 1st St #200

    • Fremont, CA

      United States

      6600 Stevenson Blvd

    • New York, NY

      United States

      60 East 42nd Street Suite 600

    • Santa Clara, CA

      United States

      2903 Bunker Hill Ln #100

    and 34 others

    Avid Technology Financials

    Summary Financials

    Revenue (Q3, 2023)
    $91.0M
    Gross profit (Q3, 2023)
    $57.9M
    Net income (Q3, 2023)
    ($7.3M)
    Cash (Q3, 2023)
    $21.0M
    EBIT (Q3, 2023)
    ($1.9M)
    Enterprise value
    $1.4B

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