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

Avid Technology market cap is $719.3 m, and annual revenue was $411.79 m in FY 2019

$719.3 M

AVID Mkt cap, 15-Jan-2021

$35.8 M

Avid Technology Revenue Q3, 2020
Avid Technology Gross profit (Q3, 2020)14.8 M
Avid Technology Gross profit margin (Q3, 2020), %41.4%
Avid Technology Cash, 30-Sept-202049.1 M
Avid Technology EV907.8 M

Avid Technology Revenue

Avid Technology revenue was $411.79 m in FY, 2019

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Avid Technology Revenue Breakdown

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Avid Technology revenue breakdown by business segment: 49.6% from Products and Solutions and 50.4% from Services

Avid Technology revenue breakdown by geographic segment: 15.2% from Asia-Pacific, 41.7% from Europe, Middle East and Africa, 6.7% from Other Americas and 36.5% from United States

Avid Technology Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

511.9m419.0m413.3m411.8m

Revenue growth, %

1%(18%)(1%)

Cost of goods sold

179.2m176.9m174.1m162.7m

Gross profit

332.7m242.1m239.2m249.1m

Gross profit Margin, %

65%58%58%60%

Sales and marketing expense

110.3m106.3m101.3m99.9m

R&D expense

81.6m68.2m62.4m62.3m

General and administrative expense

61.5m53.9m55.2m53.4m

Operating expense total

268.7m236.9m225.5m217.0m

Depreciation and amortization

694.0k

EBIT

64.0m5.2m13.7m32.1m

EBIT margin, %

13%1%3%8%

Interest expense

18.9m20.0m23.5m

Interest income

535.0k195.0k36.0k

Pre tax profit

45.3m(13.4m)(9.4m)2.5m

Income tax expense

(2.9m)133.0k1.3m(5.1m)

Net Income

48.2m(13.6m)(10.7m)7.6m

Avid Technology Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

44.9m57.2m56.1m69.1m

Accounts Receivable

43.5m40.1m67.8m73.8m

Prepaid Expenses

6.0m8.2m8.9m9.4m

Inventories

50.7m38.4m33.0m29.2m

Current Assets

151.0m154.3m196.6m208.7m

PP&E

30.1m21.9m21.6m19.6m

Goodwill

32.6m32.6m32.6m32.6m

Total Assets

249.6m234.7m265.8m304.3m

Accounts Payable

26.4m30.2m39.2m39.9m

Short-term debt

5.0m5.9m1.4m30.6m

Current Liabilities

237.9m216.1m187.7m212.3m

Long-term debt

188.8m204.5m220.6m227.2m

Total Debt

193.8m210.4m222.0m257.7m

Total Liabilities

519.5m503.3m432.5m459.4m

Common Stock

423.0k423.0k423.0k430.0k

Preferred Stock

Additional Paid-in Capital

1.0b1.0b1.0b1.0b

Retained Earnings

(1.3b)(1.3b)(1.2b)(1.2b)

Total Equity

(269.9m)(268.6m)(166.7m)(155.1m)

Debt to Equity Ratio

-0.7 x-0.8 x-1.3 x

Debt to Assets Ratio

0.8 x0.9 x0.8 x

Financial Leverage

-0.9 x-0.9 x-1.6 x-2 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

87.8m50.4m47.7m47.0m47.4m44.1m48.0m60.2m50.5m55.3m51.0m52.3m81.2m55.7m49.1m

Accounts Receivable

43.7m44.8m40.9m43.6m34.4m40.9m52.5m47.7m51.0m61.3m58.6m53.7m60.0m52.9m59.7m

Prepaid Expenses

10.5m9.2m6.9m12.0m10.1m8.5m10.8m10.7m9.5m12.0m10.1m13.1m10.1m9.7m10.5m

Inventories

51.7m53.9m55.6m49.1m41.2m41.2m32.9m31.8m32.1m34.3m34.1m32.2m32.6m29.7m28.4m

Current Assets

199.7m165.4m158.2m157.5m138.1m144.6m172.8m181.3m175.6m197.3m186.7m174.0m214.8m173.4m167.3m

PP&E

36.7m35.7m33.0m28.4m24.0m23.3m20.7m19.4m19.4m20.9m20.1m20.1m18.9m18.4m18.9m

Goodwill

32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m32.6m

Total Assets

311.8m273.7m262.9m250.4m224.7m225.3m250.8m254.0m247.0m299.7m282.1m266.2m308.4m265.4m261.4m

Accounts Payable

31.3m35.1m25.9m28.8m27.5m28.6m28.1m33.5m33.6m38.4m39.1m35.6m35.0m17.9m13.5m

Short-term debt

5.0m5.0m5.0m5.0m5.1m5.9m1.4m1.4m1.4m28.9m29.7m31.4m3.4m4.1m

Current Liabilities

274.9m253.9m249.9m239.2m223.6m222.6m192.7m177.5m170.6m196.0m206.9m191.8m203.0m149.0m155.6m

Long-term debt

192.1m187.8m188.3m189.3m189.9m191.3m203.3m230.7m229.4m252.0m231.4m228.5m248.5m255.9m233.5m

Total Debt

192.1m192.8m193.3m194.3m194.9m196.4m209.1m232.1m230.8m253.4m260.3m258.2m279.9m259.3m237.7m

Total Liabilities

615.4m562.7m535.7m519.3m499.5m495.7m422.4m430.8m421.2m466.8m457.9m439.1m469.9m421.9m405.6m

Common Stock

423.0k423.0k423.0k423.0k423.0k423.0k423.0k423.0k423.0k423.0k427.0k429.0k434.0k437.0k439.0k

Additional Paid-in Capital

1.1b1.1b1.0b1.0b1.0b1.0b1.0b1.0b1.0b1.0b1.0b1.0b1.0b1.0b1.0b

Retained Earnings

(1.3b)(1.3b)(1.3b)(1.3b)(1.3b)(1.3b)(1.2b)(1.2b)(1.2b)(1.2b)(1.2b)(1.2b)(1.2b)(1.2b)(1.2b)

Total Equity

(303.6m)(289.0m)(272.7m)(268.9m)(274.8m)(270.4m)(171.6m)(176.9m)(174.1m)(167.1m)(175.8m)(172.9m)(161.5m)(156.5m)(144.2m)

Debt to Equity Ratio

-0.6 x-0.7 x-0.7 x-0.7 x-0.7 x-0.7 x-1.2 x-1.3 x-1.3 x-1.5 x-1.5 x-1.5 x

Debt to Assets Ratio

0.6 x0.7 x0.7 x0.8 x0.9 x0.9 x0.8 x0.9 x0.9 x0.8 x0.9 x1 x

Financial Leverage

-1 x-0.9 x-1 x-0.9 x-0.8 x-0.8 x-1.5 x-1.4 x-1.4 x-1.8 x-1.6 x-1.5 x-1.9 x-1.7 x-1.8 x

Avid Technology Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

48.2m(13.6m)(10.7m)7.6m

Depreciation and Amortization

25.5m22.3m21.1m13.6m

Accounts Receivable

14.3m3.8m(6.7m)(6.2m)

Inventories

(2.6m)12.3m(551.0k)3.8m

Accounts Payable

(19.0m)3.6m9.1m626.0k

Cash From Operating Activities

(49.2m)8.9m15.8m19.6m

Purchases of PP&E

(11.0m)(7.9m)(9.9m)(7.2m)

Cash From Investing Activities

(15.6m)(6.1m)(9.9m)(7.2m)

Long-term Borrowings

(38.8m)(7.4m)(19.5m)(1.4m)

Cash From Financing Activities

91.5m8.4m2.5m(7.6m)

Net Change in Cash

27.0m12.3m7.7m4.5m

Interest Paid

9.3m11.0m14.5m12.3m

Income Taxes Paid

1.6m(100.0k)(2.8m)(783.0k)

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

20.9m33.9m43.0m(1.9m)(12.7m)(12.7m)(8.9m)(17.5m)(16.6m)(213.0k)(10.9m)(7.8m)(5.9m)(4.0m)4.0m

Depreciation and Amortization

6.3m12.9m19.2m5.8m11.5m16.9m5.7m10.9m15.9m4.7m9.4m11.5m2.1m4.3m6.3m

Accounts Receivable

14.8m13.7m17.1m14.0k9.3m2.9m8.6m13.5m10.1m6.4m9.2m14.2m13.3m18.8m12.7m

Inventories

(3.6m)(5.8m)(7.6m)1.6m9.5m9.5m(482.0k)653.0k294.0k(1.4m)(1.1m)788.0k(3.4m)(484.0k)788.0k

Accounts Payable

(14.2m)(10.4m)(19.6m)2.4m980.0k2.1m(2.1m)3.4m3.5m(810.0k)(167.0k)(3.7m)(4.9m)(22.0m)(26.4m)

Cash From Operating Activities

(11.2m)(45.0m)(48.9m)3.5m6.1m6.1m5.4m(501.0k)(4.2m)6.4m3.7m1.1m(5.6m)(9.1m)8.8m

Purchases of PP&E

(4.5m)(7.3m)(9.7m)(1.7m)(3.1m)(6.1m)(2.1m)(4.9m)(7.5m)(1.8m)(3.6m)(5.6m)(1.5m)(3.2m)(5.6m)

Cash From Investing Activities

(9.1m)(11.9m)(14.2m)(36.0k)(1.4m)(4.4m)(2.1m)(4.9m)(7.6m)(1.8m)(3.6m)(5.6m)(1.5m)(3.2m)(5.6m)

Short-term Borrowings

(28.9m)(50.9m)

Long-term Borrowings

(34.9m)(36.2m)(37.5m)(1.2m)(2.5m)(3.7m)(3.2m)(4.7m)(7.8m)(3.9m)(6.7m)(7.1m)(351.0k)(695.0k)(1.5m)

Cash From Financing Activities

89.8m88.6m92.6m(1.6m)(2.8m)(3.4m)(3.7m)17.6m14.2m(5.3m)(5.2m)(7.2m)19.8m(1.5m)(24.3m)

Net Change in Cash

69.9m32.5m29.8m2.1m2.5m(854.0k)(426.0k)11.8m2.0m(777.0k)(5.1m)(12.3m)12.3m(13.2m)(19.7m)

Interest Paid

353.0k3.7m5.8m1.7m4.5m7.4m1.9m5.8m9.0m2.0m5.2m7.8m4.5m9.0m13.6m

Income Taxes Paid

600.0k1.0m1.7m19.0k261.0k463.0k(2.5m)(2.1m)(2.3m)203.0k557.0k941.0k391.0k144.0k(659.0k)

Avid Technology Ratios

USDQ1, 2016

Debt/Equity

-0.6 x

Debt/Assets

0.6 x

Financial Leverage

-1 x

Avid Technology Operating Metrics

Avid Technology Employee Rating

3.4541 votes
Culture & Values
3.7
Work/Life Balance
3.3
Senior Management
3.5
Salary & Benefits
3.4
Career Opportunities
3.3
Source