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AVID Avid Technology

Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.

Company profile

Ticker
AVID
Exchange
Website
CEO
Jeff Rosica
Employees
Incorporated
Location
Fiscal year end
Former names
AVID TECHNOLOGY INC
SEC CIK
IRS number
42977748

AVID stock data

(
)

Calendar

5 May 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 59.36M 59.36M 59.36M 59.36M 59.36M 59.36M
Cash burn (monthly) 8.09M 2.13M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 22.55M 5.94M n/a n/a n/a n/a
Cash remaining 36.81M 53.43M n/a n/a n/a n/a
Runway (months of cash) 4.5 25.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Timothy Claman Common Stock Payment of exercise Dispose F No No 36.38 1,693 61.59K 95,938
15 Jun 21 Dana Ruzicka Common Stock Payment of exercise Dispose F No No 36.38 1,710 62.21K 271,188
15 Jun 21 Dana Ruzicka Common Stock Payment of exercise Dispose F No No 36.38 1,710 62.21K 272,898
15 Jun 21 Cordiner Tom J. A. Common Stock Payment of exercise Dispose F No No 36.38 2,199 80K 240,414
15 Jun 21 Cordiner Tom J. A. Common Stock Payment of exercise Dispose F No No 36.38 2,042 74.29K 242,613
15 Jun 21 Brown Garrard Common Stock Payment of exercise Dispose F No No 36.38 593 21.57K 40,590
15 Jun 21 Kenneth L Gayron Common Stock Payment of exercise Dispose F No No 36.38 2,817 102.48K 281,425
15 Jun 21 Kenneth L Gayron Common Stock Payment of exercise Dispose F No No 36.38 889 32.34K 284,242
15 Jun 21 Kenneth L Gayron Common Stock Payment of exercise Dispose F No No 36.38 2,817 102.48K 285,131

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

75.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 127 117 +8.5%
Opened positions 26 30 -13.3%
Closed positions 16 16
Increased positions 40 34 +17.6%
Reduced positions 48 38 +26.3%
13F shares
Current Prev Q Change
Total value 1.55B 607.97M +155.8%
Total shares 34.06M 32.08M +6.2%
Total puts 279.2K 88.5K +215.5%
Total calls 236.7K 43.9K +439.2%
Total put/call ratio 1.2 2.0 -41.5%
Largest owners
Shares Value Change
Impactive Capital 6.88M $145.28M 0.0%
Vanguard 2.46M $51.89M -0.0%
BLK Blackrock 2.39M $50.37M +0.9%
Gilder Gagnon Howe & Co 2.11M $44.44M NEW
Royce & Associates 1.97M $41.69M +18.9%
Acadian Asset Management 1.47M $30.94M -0.1%
Dimensional Fund Advisors 1.35M $28.58M -3.3%
Millennium Management 1.34M $28.26M +86.7%
Rubric Capital Management 1.2M $25.4M +20.3%
Geode Capital Management 892.42K $18.84M +11.7%
Largest transactions
Shares Bought/sold Change
Gilder Gagnon Howe & Co 2.11M +2.11M NEW
Millennium Management 1.34M +621.77K +86.7%
Voss Capital 495K -405K -45.0%
Arrowstreet Capital, Limited Partnership 169.55K -354.63K -67.7%
EVR Research 575K -336K -36.9%
Harbert Fund Advisors 0 -324.18K EXIT
Royce & Associates 1.97M +313.99K +18.9%
Rubric Capital Management 1.2M +203.16K +20.3%
Nishkama Capital 618.48K +186.88K +43.3%
Herald Investment Management 185K +185K NEW

Financial report summary

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Competition
AppleQuantumAutodeskDellHarmonicBeldenDell
Management Discussion
  • ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • We develop, market, sell, and support software and integrated solutions for video and audio content creation, management and distribution. We are a leading technology provider that powers the media and entertainment industry. We do this by providing an open and efficient platform for digital media, along with a comprehensive set of tools and workflow solutions. Our solutions are used in production and post-production facilities; film studios; network, affiliate, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; government and educational institutions; corporate communications departments; and by independent video and audio creative professionals, as well as aspiring professionals. Projects produced using our tools, platform, and ecosystem include feature films, television programming, live events, news broadcasts, sports productions, commercials, music, video, and other digital media content. With over one million creative users and thousands of enterprise clients relying on our technology platforms and solutions around the world, Avid enables the industry to thrive in today’s connected media and entertainment world.
  • Our mission is to empower media creators with innovative technology and collaborative tools to entertain, inform, educate, and enlighten the world. Our clients rely on Avid’s products and solutions to create prestigious and award-winning feature films, music recordings, television shows, live concerts, sporting events, and news broadcasts. Avid has been honored for technological innovation with 18 Emmy Awards, one Grammy Award, two Oscars, and the first ever America Cinema Editors Technical Excellence Award. In 2018, Avid was named the recipient of the prestigious Philo T. Farnsworth Award by the Television Academy to honor Avid’s 30 years of continuous, transformative technology innovations, including products that have improved and accelerated the editing and post production process for television.
Content analysis
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Positive
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Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
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