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Avid Technology (AVID)

Avid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid's preeminent customer community uses Avid's comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world-from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid's industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE ™, FastServe®, and Maestro ™.

Company profile

Ticker
AVID
Exchange
Website
CEO
Jeff Rosica
Employees
Incorporated
Location
Fiscal year end
Former names
AVID TECHNOLOGY INC
SEC CIK
Subsidiaries
AVID SYSTEMS, INC. • AVID CV LLC • AVID TECHNOLOGY WORLDWIDE, INC. • AVID TECHNOLOGY (AUSTRALIA) PTY LTD • AVID TECHNOLOGY CANADA CORP. • AVID TECHNOLOGY (BEIJING) CO., LTD • AVID TECHNOLOGY EUROPE LIMITED • INTEGRATED BROADCAST SERVICES LIMITED • IVSM LIMITED • AVID TECHNOLOGY S.A.R.L. ...
IRS number
42977748

AVID stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 44.98M 44.98M 44.98M 44.98M 44.98M 44.98M
Cash burn (monthly) 5.19M 1.2M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 15.92M 3.67M n/a n/a n/a n/a
Cash remaining 29.07M 41.31M n/a n/a n/a n/a
Runway (months of cash) 5.6 34.5 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 22 Timothy Claman Common Stock Payment of exercise Dispose F No No 25.7 339 8.71K 96,188
15 Jun 22 Dana Ruzicka Common Stock Payment of exercise Dispose F No No 25.7 489 12.57K 258,105
15 Jun 22 Dana Ruzicka Common Stock Payment of exercise Dispose F No No 25.7 1,710 43.95K 258,594
15 Jun 22 Rosica Jeff Common Stock Payment of exercise Dispose F No No 25.7 1,911 49.11K 1,135,067
15 Jun 22 Rosica Jeff Common Stock Payment of exercise Dispose F No No 25.7 5,782 148.6K 1,136,978
15 Jun 22 Kevin W. Riley Common Stock Payment of exercise Dispose F No No 25.7 509 13.08K 47,031
15 Jun 22 Kenneth L Gayron Common Stock Payment of exercise Dispose F No No 25.7 891 22.9K 320,779
15 Jun 22 Kenneth L Gayron Common Stock Payment of exercise Dispose F No No 25.7 2,816 72.37K 321,670
77.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 144 156 -7.7%
Opened positions 14 36 -61.1%
Closed positions 26 23 +13.0%
Increased positions 44 42 +4.8%
Reduced positions 62 62
13F shares Current Prev Q Change
Total value 1.21B 3B -59.6%
Total shares 34.8M 34.13M +2.0%
Total puts 10.5K 23.6K -55.5%
Total calls 41.9K 36.7K +14.2%
Total put/call ratio 0.3 0.6 -61.0%
Largest owners Shares Value Change
Impactive Capital 6.88M $239.97M 0.0%
FMR 3.58M $124.84M +147.2%
BLK Blackrock 2.41M $84.16M -1.6%
Royce & Associates 2.21M $76.97M -6.3%
Vanguard 1.96M $68.41M -4.1%
Dimensional Fund Advisors 1.26M $43.79M -0.9%
Cowbird Capital 1.21M $42.18M +29.6%
Brahman Capital 854.45K $29.8M -11.4%
Acadian Asset Management 824.67K $28.75M -8.6%
Millennium Management 809.58K $28.23M +46.0%
Largest transactions Shares Bought/sold Change
FMR 3.58M +2.13M +147.2%
Gilder Gagnon Howe & Co 779.07K -1.18M -60.3%
Loomis Sayles & Co L P 599.6K +599.6K NEW
Portolan Capital Management 739.35K +305.96K +70.6%
Cowbird Capital 1.21M +276.47K +29.6%
Jacobs Levy Equity Management 255.86K -266.97K -51.1%
Millennium Management 809.58K +255.24K +46.0%
Arrowstreet Capital, Limited Partnership 185.66K -160.61K -46.4%
Royce & Associates 2.21M -148.1K -6.3%
Lord, Abbett & Co. 458.64K +136.52K +42.4%

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.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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