Avid Technology was founded in 1987 and is headquartered in Burlington, US

Avid Technology has an office in Burlington

Burlington, US (HQ)

75 Network Dr

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.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 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 |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 124.6 m | 142.4 m | 119.6 m | 109.8 m | 137.4 m | 143.5 m | 134.1 m | 119 m | 104.1 m |

## Cost of goods sold | 50.4 m | 52.8 m | 47.5 m | 43.5 m | 49.6 m | 43.5 m | 46.3 m | 43.6 m | 40.5 m |

## Gross profit | 74.2 m | 89.6 m | 72.1 m | 66.3 m | 87.8 m | 100.1 m | 87.8 m | 75.4 m | 63.6 m |

## Gross profit Margin, % | 60% | 63% | 60% | 60% | 64% | 70% | 65% | 63% | 61% |

## R&D expense | 22.1 m | 22.2 m | 23.2 m | 23.3 m | 25.2 m | 21.4 m | 21.4 m | 20 m | 18.9 m |

## General and administrative expense | 20 m | 20.6 m | 19.4 m | 17.4 m | 15.8 m | 17.7 m | 16.8 m | 13.8 m | 14.4 m |

## Operating expense total | 42.1 m | 42.8 m | 42.6 m | 40.7 m | 41.1 m | 39.1 m | 38.2 m | 33.8 m | 33.3 m |

## EBIT | (2.4 m) | 15.1 m | 1.1 m | (8.2 m) | 14.4 m | 25.7 m | 18.8 m | 8.5 m | 3.1 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 k | 1 k | 34 k | 5 k | 4 k | ||||

## Pre tax profit | (2.7 m) | 14.6 m | 392 k | (9.6 m) | 11.9 m | 21.6 m | 13.7 m | 3.8 m | (1.8 m) |

## Income tax expense | 768 k | 635 k | 703 k | (5.3 m) | 152 k | ||||

## Net Income | 5.6 m | 19.8 m | (169 k) | (4.3 m) | 6.9 m | 20.9 m | 33.9 m | 43 m | (1.9 m) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 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 |

## Total Debt | 188.8 m | |||

## Current Liabilities | 323.9 m | 310 m | 304.9 m | 237.9 m |

## Total Liabilities | 519.5 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) |

## 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 |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 23 m | 22.5 m | 25.5 m | 34.6 m | 22 m | 87.8 m | 50.4 m | 47.7 m | 47 m |

## Inventories | 54.7 m | 54 m | 39.7 m | 43.9 m | 48.8 m | 51.7 m | 53.9 m | 55.6 m | 49.1 m |

## Current Assets | 150.6 m | 155.5 m | 143.8 m | 157.9 m | 149.5 m | 199.7 m | 165.4 m | 158.2 m | 157.5 m |

## PP&E | 33.3 m | 34.4 m | 31.2 m | 33.3 m | 34.8 m | 36.7 m | 35.7 m | 33 m | 28.4 m |

## Goodwill | 33.9 m | 33.9 m | 32.6 m | 32.6 m | 32.6 m | 32.6 m | |||

## Total Assets | 191.9 m | 197.2 m | 182 m | 276.2 m | 264.2 m | 311.8 m | 273.7 m | 262.9 m | 250.4 m |

## Accounts Payable | 28.3 m | 34.5 m | 29.4 m | 34.7 m | 39.2 m | 31.3 m | 35.1 m | 25.9 m | 28.8 m |

## Current Liabilities | 301.2 m | 328.7 m | 309.5 m | 305.1 m | 307.9 m | 274.9 m | 253.9 m | 249.9 m | 239.2 m |

## Common Stock | 423 k | 423 k | 423 k | 423 k | 423 k | 423 k | 423 k | 423 k | 423 k |

## Additional Paid-in Capital | 1 b | 1 b | 1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b | 1 b | 1 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 |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 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 |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 5.6 m | 19.8 m | (169 k) | (4.3 m) | 6.9 m | 20.9 m | 33.9 m | 43 m | (1.9 m) |

## Depreciation and Amortization | 9.4 m | 13.7 m | 4.1 m | 8 m | 13.9 m | 6.3 m | 12.9 m | 19.2 m | 5.8 m |

## Accounts Receivable | 7.7 m | 931 k | 3.1 m | 8.9 m | 6.8 m | 14.8 m | 13.7 m | 17.1 m | 14 k |

## Inventories | 5.4 m | 6.1 m | 8.3 m | 8.9 m | 4 m | (3.6 m) | (5.8 m) | (7.6 m) | 1.6 m |

## Accounts Payable | 5.7 m | (585 k) | (3.4 m) | 347 k | 4.9 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 m | 12.5 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 m | 7.7 m | (656 k) | 112 m | 112.8 m | 89.8 m | 88.6 m | 92.6 m | (1.6 m) |

## Interest Paid | 641 k | 1 m | 372 k | 981 k | 1.5 m | 353 k | 3.7 m | 5.8 m | 1.7 m |

## Income Taxes Paid | 1.3 m | 2 m | 279 k | 877 k | 1.5 m | 600 k | 1 m | 1.7 m | 19 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 66.9 k |

## Financial Leverage | -0.9 x |

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

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

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