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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

Year

2022

2021

2020

2019

Total Revenue

417.41M

409.94M

360.47M

411.79M

Cost of Revenue

142.97M

144.14M

132.15M

162.71M

Gross Profit

274.44M

265.8M

228.32M

249.07M

Operating Expenses

220.07M

218.43M

191.71M

216.34M

Research and Development

66.9M

65.56M

57.02M

62.34M

Selling, General & Administrative Expenses

153.17M

152.87M

134.69M

153.31M

Selling & Marketing Expenses

95.98M

95.49M

87.64M

99.94M

General & Administrative Expenses

57.19M

57.37M

47.05M

53.36M

Other Expenses

832k

4.84M

868k

694k

Operating Income

53.85M

46.26M

31.57M

32.1M

Total Other Income/Expenses Net

-8.52M

-2.31M

-19.13M

-29.58M

Income Before Tax

45.34M

43.95M

12.43M

2.52M

Income Tax

-9.9M

2.57M

1.37M

-5.08M

Net Income

55.24M

41.39M

11.06M

7.6M

Basic EPS

1.24

0.92

0.25

0.18

EPS Diluted

1.23

0.89

0.25

0.17

Basic Average Shares

44.53M

45.1M

43.82M

42.65M

Diluted Average Shares

44.86M

46.3M

44.88M

43.49M

EBITDA

63.52M

60.47M

31.57M

32.1M

Retained Earning Schedule

Year

2022

2021

2020

2019

Retained Earnings (Previous Year)

-1.13B

-1.17B

-1.18B

-1.19B

Net Income

55.24M

41.39M

11.06M

7.6M

Stock Repurchases

-65.81M

-44.34M

-2.37M

-3.59M

Dividend Paid

0

0

0

0

Retained Earnings

-1.07B

-1.13B

-1.17B

-1.18B

Other Distributions

-10.57M

-2.96M

8.7M

4.01M

PPE Schedule

Year

2022

2021

2020

2019

Gross PPE

45.08M

40.17M

46.24M

49.33M

Annual Depreciation

9.67M

14.21M

13.55M

14.26M

Capital Expenditure

-15.25M

-6.82M

-5.69M

-7.18M

Net PPE

50.66M

32.78M

38.38M

42.25M

Intangible and Goodwill Schedule

Year

2022

2021

2020

2019

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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