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.

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q3 2024

Avid Technology reports strong FY 2022 performance and eyes subscription growth

Avid Technology delivered solid financial performance in FY 2022, driven by robust subscription revenue growth and operational efficiency.
The company's strategic initiatives, including Pro Tools Intro and enterprise subscription agreements, position it well for continued growth in 2023.
While facing challenges in hardware business diversification and SaaS migration, Avid Technology remains focused on improving profitability and cash flow.
Opportunities lie in sustained subscription revenue growth, innovation-driven value delivery, and expanding partnerships to drive business expansion.

Avid Technology reports robust Q1 performance, focuses on subscription growth

Avid Technology's Q1 2023 earnings call reflects a resilient performance marked by strong subscription revenue growth, proactive cost-saving measures, and strategic initiatives to drive subscriber expansion. Despite challenges in the audio hardware segment and supply chain constraints, the company remains focused on achieving improved profitability and cash flow in the second half of the year. Avid's long-term growth model targets creative and enterprise subscriptions, aiming for higher gross profit margins and enhanced EBITDA margins over time.

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Avid Technology, Inc. engages in the provision of technology services for the 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.

Avid's Media Composer and Pro Tools provide the essential advantage for a vast majority productions recognized during the 2023 awards season Avid's Media Composer and Pro Tools provide the essential advantage for a vast majority productions recognized during the 2023 awards season

Avid Celebrates Outstanding Achievements of Its Creative Customers at 95th Academy Awards, BAFTAs and ACE Eddies

Avid Technology, Inc. (NASDAQ:AVID ) Q4 2022 Earnings Conference Call March 1, 2023 5:30 PM ET Company Participants Whit Rappole – Vice President Corporate Development and Investor Relations Jeff Rosica – Chief Executive Officer and President Ken Gayron – Chief Financial Officer and EVP Conference Call Participants Josh Nichols – B. Riley Jeremy Sahler – Jefferies Nehal Chokshi – Northland Paul Chung – JPMorgan Jack Vander Aarde – Maxim Whit Rappole [Call Starts Abruptly] Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP.

Avid Technology, Inc. (AVID) Q4 2022 Earnings Call Transcript

Avid (AVID) delivered earnings and revenue surprises of -4.26% and 1.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Avid Technology (AVID) Q4 Earnings Lag Estimates

Q4 revenue of $116.1M, which includes a ($3.3M) one-time non-cash adjustment, was in the middle of the implied Q4 guidance range; excluding the adjustment, Q4 revenue of $119.4M would have been at the high end of the implied Q4 guidance range

Avid Technology Announces Q4 and FY 2022 Results

BURLINGTON, Mass., Feb. 27, 2023 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, will host a conference call on Wednesday, March 1, 2023, at 5:30 p.m. ET to discuss the company's earnings for the fourth quarter and full-year 2022, ended Dec. 31, 2022, which will be published after the market closes that day. Investors are invited to register for the Zoom video webinar by visiting https://ir.avid.com/events-and-presentations.

Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2022 Financial Results

Pro Tools Scripting SDK enables developers to increase efficiency and streamline audio workflows by creating apps that automate repetitive tasks Pro Tools Scripting SDK enables developers to increase efficiency and streamline audio workflows by creating apps that automate repetitive tasks

Avid Delivers New Era of Openness with Scripting Software Development Kit for Pro Tools

Exporting complex sequences in a single step from Media Composer into Pro Tools streamlines picture and sound workflows Exporting complex sequences in a single step from Media Composer into Pro Tools streamlines picture and sound workflows

Avid Media Composer Enhances Interoperability with Pro Tools to Accelerate Workflows for Video and Audio Post Production Teams

New MediaCentral | Acquire ingest scheduling software and MediaCentral enhancements enable media companies to accelerate production workflows from anywhere New MediaCentral | Acquire ingest scheduling software and MediaCentral enhancements enable media companies to accelerate production workflows from anywhere

New Version of Avid MediaCentral Enables Greater Workflow Efficiencies and Remote Collaboration Capabilities

YoY growth slows as integrated solutions drags on results due to supply chain issues. While some common electronic components are becoming more available, many are still scarce, and as of the last earnings, management expects problems till mid-2023.

Avid Still Pressured On Supply Chain For Integrated Solutions

Avid is like Microsoft Excel for video and music. Except working on media is far more complex than sharing spreadsheets. Avid is a high-quality company. Their moat stems from their collaboration tools, which increase switching costs and keep users captive to the platform.

Avid Technology: Small Cap In Early Stages Of SaaS Transformation

Jylland-based broadcaster signs multi-year agreement for Media Composer Enterprise and MediaCentral platform including MediaCentral | Collaborate Jylland-based broadcaster signs multi-year agreement for Media Composer Enterprise and MediaCentral platform including MediaCentral | Collaborate

Denmark's Regional Broadcaster TV MIDTVEST Extends Strategic Engagement with Avid through MediaCentral | Flex Subscription

Sanders' 25-year career focus on services spans global-scale IT, security and networking businesses with deep experience in service delivery transformation Sanders' 25-year career focus on services spans global-scale IT, security and networking businesses with deep experience in service delivery transformation

Avid Promotes Technology Services Executive Deb Sanders to Chief Customer Officer

BURLINGTON, Mass., Nov. 12, 2022 (GLOBE NEWSWIRE) -- Today Avid ® (Nasdaq: AVID) issued a reminder for all customers around the world about every means by which they may easily obtain product support and self-help 24x7 through official Avid channels. In response to the emergence of illegitimate Twitter accounts impersonating many companies and other entities, Avid has provided this information proactively in order to assist those users who may typically rely upon Twitter to engage Avid's support team.

Avid Outlines Official Product Support and Self-Help Resources to Help Users Avoid Imposter Activity on Twitter

Avid Technology, Inc. (NASDAQ:AVID ) Q3 2022 Earnings Conference Call November 8, 2022 5:30 PM ET Company Participants Whit Rappole - VP, Corporate Development and IR Jeff Rosica - President and CEO Ken Gayron - EVP and CFO Conference Call Participants Jack Vander Aarde - Maxim Group Jeremy Sandler - Jefferies Nehal Chokshi - Northland Steve Frankel - Rosenblatt Securities Josh Nichols - B. Riley Securities FBR Paul Chung - JPMorgan Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's Third Quarter 2022 Earnings Conference Call for the period ended September 30, 2022.

Avid Technology, Inc. (AVID) Q3 2022 Earnings Call Transcript

Avid (AVID) delivered earnings and revenue surprises of 18.75% and 2.25%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Avid Technology (AVID) Surpasses Q3 Earnings Estimates

Subscription Revenue of $41.8M, an Increase of 49.2% Year-Over-Year, Driven by All-Time Record 32,600 Net Increase in Paid Subscriptions in the Quarter

Avid Technology Announces Q3 2022 Results

Avid Pro Tools | Carbon Pre debuts at AES Show 2022 delivering pristine 32-bit AD/DA conversion to capture maximum dynamic range Avid Pro Tools | Carbon Pre debuts at AES Show 2022 delivering pristine 32-bit AD/DA conversion to capture maximum dynamic range

Avid Unveils Further Innovation for Music Creation with Sonically Exceptional Pro Tools | Carbon Pre Audio Interface

New generation MBOX Studio powered by Pro Tools ensures exceptional vocal and instrument sounds for music creation, podcasting, and streaming New generation MBOX Studio powered by Pro Tools ensures exceptional vocal and instrument sounds for music creation, podcasting, and streaming

Avid Celebrates the Return of Its Immensely Popular MBOX Desktop Interface to Enable Professional-Quality Music and Audio Creation and Recording at Home

Facility increases unfunded revolver availability by approximately $70 million on favorable terms, with no change to pricing and immaterial change to total funded debt Facility increases unfunded revolver availability by approximately $70 million on favorable terms, with no change to pricing and immaterial change to total funded debt

Avid Technology Announces Amended Credit Facility Which Provides Incremental Flexibility to Support its Strategy and Growth Plans

AVID launches Pro Tools Intro, which is expected to continue boosting subscription revenue growth in the coming quarters.

AVID Launches Pro Tools Intro Artist for New Music Makers

New introductory free version aimed to capture aspiring music creators and further build the rapidly expanding Pro Tools ecosystem New introductory free version aimed to capture aspiring music creators and further build the rapidly expanding Pro Tools ecosystem

Avid Unveils Pro Tools Intro to Excite a New Generation of Music Makers

Avid Technology (AVID) launches its latest Pro Tools release to provide music creators of every skill level with new workflows.

AVID Introduces Pro Tools Upgrades for the Music Community

Seamless ARA 2 integration among latest innovations available now across all editions of the award-winning digital audio workstation Seamless ARA 2 integration among latest innovations available now across all editions of the award-winning digital audio workstation

Avid's Newest Pro Tools Software Release Propels Music Creativity and Productivity to New Heights for All Users

AVID launches next-gen Maestro, a new subscription-based software solution for real-time broadcast television graphics.

AVID's Latest TV & Media Subscription Service to Aid Prospect

Next Gen Maestro software supports existing graphics workflows and future proofs for the cloud Next Gen Maestro software supports existing graphics workflows and future proofs for the cloud

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