Avid Technology (AVID) stock price, revenue, and financials

Avid Technology market cap is $1.5 b, and annual revenue was $360.47 m in FY 2020

$1.5 B

AVID Mkt cap, 12-Nov-2021

$94.9 M

Avid Technology Revenue Q2, 2021
Avid Technology Gross profit (Q2, 2021)60.1 M
Avid Technology Gross profit margin (Q2, 2021), %63.4%
Avid Technology Net income (Q2, 2021)7 M
Avid Technology EBIT (Q2, 2021)9 M
Avid Technology Cash, 30-Jun-202153.3 M
Avid Technology EV1.7 B
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Avid Technology Revenue

Avid Technology revenue was $360.47 m in FY, 2020 which is a 12.5% year over year decrease from the previous period.

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Avid Technology Revenue Breakdown

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Avid Technology revenue breakdown by business segment: 60.9% from Services and 39.1% from Products and Solutions

Avid Technology revenue breakdown by geographic segment: 39.8% from United States, 6.7% from Other Americas, 39.5% from Europe, Middle East and Africa and 14.0% from Asia-Pacific

Avid Technology Income Statement

Annual

USDFY, 2018FY, 2019FY, 2020

Revenue

413.3m411.8m360.5m

Revenue growth, %

(1%)0%(12%)

Cost of goods sold

174.1m162.7m132.1m

Gross profit

239.2m249.1m228.3m

Gross profit Margin, %

58%60%63%

Sales and marketing expense

101.3m99.9m87.6m

R&D expense

62.4m62.3m57.0m

General and administrative expense

55.2m53.4m47.1m

Operating expense total

225.5m217.0m196.8m

Depreciation and amortization

1.5m694.0k

EBIT

13.7m32.1m31.6m

EBIT margin, %

3%8%9%

Interest expense

23.5m26.7m20.1m

Interest income

195.0k36.0k70.0k

Pre tax profit

(9.4m)2.5m12.4m

Income tax expense

1.3m(5.1m)1.4m

Net Income

(10.7m)7.6m11.1m

EPS

(0.3)(0.2)0.3

Avid Technology Balance Sheet

Annual

USDFY, 2018FY, 2019FY, 2020

Cash

56.1m69.1m79.9m

Accounts Receivable

67.8m73.8m78.6m

Prepaid Expenses

8.9m9.4m6.0m

Inventories

33.0m29.2m26.6m

Current Assets

196.6m208.7m213.5m

PP&E

21.6m19.6m16.8m

Goodwill

32.6m32.6m32.6m

Total Assets

265.8m304.3m305.1m

Accounts Payable

39.2m39.9m21.8m

Short-term debt

1.4m30.6m4.9m

Current Liabilities

187.7m212.3m187.8m

Long-term debt

220.6m227.2m231.2m

Total Debt

222.0m257.7m236.2m

Total Liabilities

432.5m459.4m438.1m

Common Stock

423.0k430.0k442.0k

Preferred Stock

Additional Paid-in Capital

1.0b1.0b1.0b

Retained Earnings

(1.2b)(1.2b)(1.2b)

Total Equity

(166.7m)(155.1m)(132.9m)

Debt to Equity Ratio

-1.3 x-1.7 x-1.8 x

Debt to Assets Ratio

0.8 x0.8 x0.8 x

Financial Leverage

-1.6 x-2 x-2.3 x

Avid Technology Cash Flow

Annual

USDFY, 2018FY, 2019FY, 2020

Net Income

(10.7m)7.6m11.1m

Depreciation and Amortization

21.1m13.6m17.0m

Accounts Receivable

(6.7m)(6.2m)(6.1m)

Inventories

(551.0k)3.8m2.6m

Accounts Payable

9.1m626.0k(18.1m)

Cash From Operating Activities

15.8m19.6m39.6m

Purchases of PP&E

(9.9m)(7.2m)(5.7m)

Cash From Investing Activities

(9.9m)(7.2m)(5.7m)

Short-term Borrowings

(22.0m)

Long-term Borrowings

(19.5m)(1.4m)(2.2m)

Cash From Financing Activities

2.5m(7.6m)(24.5m)

Net Change in Cash

7.7m4.5m11.1m

Interest Paid

14.5m12.3m17.5m

Income Taxes Paid

(2.8m)(783.0k)(391.0k)

Avid Technology Ratios

USDQ3, 2018

Debt/Equity

-1.3 x

Debt/Assets

0.9 x

Financial Leverage

-1.4 x

Avid Technology Operating Metrics

Avid Technology's Paying Subscribers was reported to be 346 k in Q2, 2021. Avid Technology's Backlog was reported to be $401m in Q2, 2021.
Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021

Paying Subscribers

116 k125 k137 k147 k170 k188 k218 k242 k269 k296 k324 k346 k

Cloud-enabled Software Subscriptions

116.37 k137.14 k147.68 k170.23 k217242269327346

Annual Contract Value

$248.5 m$237.1 m$245.6 m$257.6 m$264.2 m$265.3 m$271.9 m$302 m$293.1 m

Backlog

$459.1 m$459.7 m$444.8 m$443.6 m$435 m$423.6 m$402.9 m$416.8 m$401 m

Bookings

$119.4 m

Twelve-Month Backlog

$457 m$440.2 m$435.5 m

Patents (US)

123144114

Patents Pending (US)

171511

Avid Technology Employee Rating

3.7578 votes
Culture & Values
3.7
Work/Life Balance
3.3
Senior Management
3.5
Salary & Benefits
3.4
Career Opportunities
3.3
Source