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.

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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 (AVID) announces that its Avid Learning Academy (ALA) program has transitioned to Pro Tools Artist to help budding music creators develop music.

AVID Launches New Upgrades to Pro Tools Artist for ALA Students

K-12 education program puts powerful Pro Tools subscription into the hands of aspiring music creators and producers for free K-12 education program puts powerful Pro Tools subscription into the hands of aspiring music creators and producers for free

Avid Learning Academy Program Upgrades to Pro Tools Artist

Avid welcomes music and media tech executive David Toomey as SVP & General Manager of Audio & Music Solutions Avid welcomes music and media tech executive David Toomey as SVP & General Manager of Audio & Music Solutions

Avid Hires New Leader for Audio & Music Solutions to Accelerate Subscription Business and Music Market Expansion

Spanish media conglomerate accelerates multi-platform content creation with increased access to a new content management platform and editing tools Spanish media conglomerate accelerates multi-platform content creation with increased access to a new content management platform and editing tools

Avid Accelerates Collaboration and Content Production for Atresmedia with Media Composer and MediaCentral Subscriptions

Key technology providers show progress toward enhancing and expanding remote working and team collaboration for the media industry Key technology providers show progress toward enhancing and expanding remote working and team collaboration for the media industry

Avid's Open Workflow Solutions Demonstrated with Numerous Technology Partners at IBC2022

Avid's customer-driven innovation extends content creation workflows, enabling unprecedented efficiency and collaboration from anywhere with cloud-enabled solutions

Avid Demonstrates the Future of Collaborative, Distributed Workflows for Post Production and TV News at IBC2022 Show

Avid Technology has had a rough few years from a revenue perspective, but profits and cash flows have been rising nicely. AVID continues to benefit from a transition to high-margin subscriptions as other portions of the enterprise decline.

Avid Technology: An Attractive Play With Solid Catalysts

Poly

NEW YORK , Aug. 29, 2022 /PRNewswire/ -- Avid Technology Inc. (NASD:AVID) will replace Plantronics Inc. (NYSE:POLY) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, September 1. S&P 500 constituent HP Inc. (NYSE:HPQ) acquired Plantronics in a deal that closed today.

Avid Technology Set to Join S&P SmallCap 600

Avid Technology, Inc. (NASDAQ:AVID ) Q2 2022 Earnings Conference Call August 2, 2022 5:30 PM ET Corporate Participants Whit Rappole - Vice President-Corporate Development and Investor Relations Jeff Rosica - President and Chief Executive Officer Ken Gayron - Executive Vice President and Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Securities Nehal Chokshi - Northland Securities Paul Chung - JPMorgan Steve Frankel - Rosenblatt Securities Samad Samana - Jefferies Jack Vander Aarde - Maxim Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's Second Quarter 2022 Earnings Conference Call for the period ended June 30, 2022.

Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q2 2022 Results - Earnings Call Transcript

Avid (AVID) delivered earnings and revenue surprises of 4% and 1.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Avid Technology (AVID) Surpasses Q2 Earnings and Revenue Estimates

Subscription Revenue of $34.1M, an Increase of 58.7% Year-Over-Year, Driven by Increase of Cloud-Enabled Software Subscriptions to Over 450,300

Avid Technology Announces Q2 2022 Results

Companies announce a three-year agreement to enable Amazon Studios' use of Avid's Media Composer editing tool, NEXIS storage and MediaCentral platform on Amazon Web Services (AWS) Companies announce a three-year agreement to enable Amazon Studios' use of Avid's Media Composer editing tool, NEXIS storage and MediaCentral platform on Amazon Web Services (AWS)

Amazon Studios Teams Up with Avid Technology to Deliver Advanced Production Editorial in the AWS Cloud

SRT support ensures high-quality, secure streams directly from Media Composer for accelerated content review and approval SRT support ensures high-quality, secure streams directly from Media Composer for accelerated content review and approval

Avid | Edit On Demand Brings Over-The-Shoulder Collaboration to Remote Production Workflows

Avid (AVID) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Avid Technology (AVID) Reports Next Week: What to Know Ahead of the Release

MediaCentral subscription solution enables distributed broadcast and digital production teams to collaborate on their workflows from anywhere MediaCentral subscription solution enables distributed broadcast and digital production teams to collaborate on their workflows from anywhere

Avid Delivers Media Production in the Cloud for TV News and Sports

New storage engines combine with Avid NEXIS | VFS virtual file system and Avid NEXIS | FLEX subscriptions empowering teams to quickly adapt to the changing needs of today's media production landscape New storage engines combine with Avid NEXIS | VFS virtual file system and Avid NEXIS | FLEX subscriptions empowering teams to quickly adapt to the changing needs of today's media production landscape

Avid NEXIS F-Series Raises the Bar on Media Storage Performance and Scalability for Collaborative On-Premises and Cloud Workflows

BURLINGTON, Mass., May 30, 2022 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID), the leading media tech innovator for cloud-based content workflows, today announced that its Board of Directors has unanimously elected John P. Wallace as Chair, effective immediately. This election is the result of Peter M. Westley's decision to vacate the chair position after he was appointed Chief Financial Officer of CuriosityStream Inc. Mr. Westley will continue his Avid board service as a Director.

Avid Technology's Board of Directors Unanimously Elects Media & Entertainment Industry Veteran John P. Wallace as Board Chair

With the introduction of Avid NEXIS | Flex subscriptions, media organizations have the option to deploy Avid NEXIS with an OPEX business model, running Avid's award-winning virtual file system on premises or in the cloud With the introduction of Avid NEXIS | Flex subscriptions, media organizations have the option to deploy Avid NEXIS with an OPEX business model, running Avid's award-winning virtual file system on premises or in the cloud

Avid Offers Cloud-Enabled Subscription Option for Avid NEXIS Storage

Avid (AVID) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Why Avid (AVID) Is a Great Growth Stock

Avid recently reported its Q1 2022 earnings and the stock plummeted 20%. Guidance for the next quarter slightly missed estimate but management re-affirmed full year guidance.

Avid Technology: Sell Off After Earnings Is Unjustified

The company warned of uneven operating results in the near term due to supply chain disruptions.

Why Avid Technology Stock Crashed Today

Avid Technology, Inc. (NASDAQ:AVID ) Q1 2022 Earnings Conference Call May 4, 2022 5:30 PM ET Company Participants Whit Rappole - Vice President-Corporate Development & Investor Relations Jeff Rosica - Chief Executive Officer & President Ken Gayron - Executive Vice President & Chief Financial Officer Conference Call Participants Nehal Chokshi - Northland Securities Samad Samana - Jefferies Jack Vander Aarde - Maxim Group Josh Nichols - B. Riley Securities Whit Rappole Good afternoon, ladies and gentlemen and welcome to Avid Technology's First Quarter 2022 Earnings Conference Call for the period ended March 31, 2022.

Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q1 2022 Results - Earnings Call Transcript

Avid (AVID) delivered earnings and revenue surprises of -2.94% and 2.35%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Avid Technology (AVID) Misses Q1 Earnings and Revenue Estimates

New Pro Tools subscription offering for entry-level musicians, plus enhanced functionality and new virtual instruments, for all music and audio post customers New Pro Tools subscription offering for entry-level musicians, plus enhanced functionality and new virtual instruments, for all music and audio post customers

Avid Introduces New Pro Tools Subscription Offerings that Empower Music Creators at Every Level of Experience

BURLINGTON, Mass., April 25, 2022 (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, May 4, 2022, at 5:30 p.m. ET to discuss the company's earnings for the first quarter of 2022, ended March 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.

News for Avid Technology Stock (AVID)