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AVID - Avid Technology, Inc...

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Avid Technology, Inc.

AVID

NASDAQ

Inactive Equity

Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

27.05 USD

0.005 (0.01849%)

AVID Financial Statements

Quarter

2023 Q3

2023 Q2

2023 Q1

2022 Q4

Total Revenue

91.01M

108.54M

97.81M

116.1M

Cost of Revenue

33.1M

42.2M

35.62M

41.57M

Gross Profit

57.91M

66.34M

62.19M

74.53M

Operating Expenses

60.35M

61.41M

58.7M

58M

Research and Development

19.77M

20M

19.43M

17.04M

Selling, General & Administrative Expenses

40.59M

41.41M

39.27M

40.96M

Selling & Marketing Expenses

23M

25.39M

22.66M

26.02M

General & Administrative Expenses

17.58M

16.02M

16.61M

14.95M

Other Expenses

21k

20k

147k

825k

Operating Income

-1.86M

-528k

3.5M

23.38M

Total Other Income/Expenses Net

-5.04M

-4.19M

-3.57M

-2.36M

Income Before Tax

-6.9M

-4.72M

-72k

14.17M

Income Tax

436k

-126k

309k

-11.09M

Net Income

-7.33M

-4.6M

-381k

25.26M

Basic EPS

-0.17

-0.1

-0.01

0.58

EPS Diluted

-0.17

-0.1

-0.01

0.57

Basic Average Shares

44.21M

44.1M

43.81M

43.84M

Diluted Average Shares

44.21M

44.1M

43.81M

43.99M

EBITDA

322k

-528k

5.94M

17.66M

Retained Earning Schedule

Quarter

2023 Q3

2023 Q2

2023 Q1

2022 Q4

Retained Earnings (Previous Year)

-1.08B

-1.07B

-1.07B

-1.1B

Net Income

-7.33M

-4.6M

-381k

25.26M

Stock Repurchases

-924k

-1.69M

-5.41M

-13.01M

Dividend Paid

0

0

0

0

Retained Earnings

-1.08B

-1.08B

-1.07B

-1.07B

Other Distributions

-8.26M

-6.28M

-5.79M

12.25M

PPE Schedule

Quarter

2023 Q3

2023 Q2

2023 Q1

2022 Q4

Gross PPE

50.21M

50.37M

47.49M

45.08M

Annual Depreciation

2.75M

2.56M

2.44M

-6.02M

Capital Expenditure

-3.79M

-6.08M

-3.93M

-4.18M

Net PPE

51.25M

53.89M

48.98M

55.29M

Intangible and Goodwill Schedule

Quarter

2023 Q3

2023 Q2

2023 Q1

2022 Q4

Acquisitions and Adjustments

0

0

0

0

Goodwill (Previous Year)

32.64M

32.64M

32.64M

32.64M

Goodwill

32.64M

32.64M

32.64M

32.64M

All figures are in USD.

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