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
Industry (SIC)
Microsoft • Oracle • Mobileye Global • Gen Digital • Activision Blizzard • BlackBerry • Vmware • Adobe • Salesforce • Ceridian HCM Holding ...
Former names
AVID TECHNOLOGY INC
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
1 Jun 23
SD
Conflict minerals disclosure
30 May 23
DEFA14A
Additional proxy soliciting materials
12 May 23
10-Q
2023 Q1
Quarterly report
4 May 23
8-K
Avid Technology Announces Q1 2023 Results
4 May 23
DEF 14A
Definitive proxy
28 Apr 23
PRE 14A
Preliminary proxy
18 Apr 23
10-K
2022 FY
Annual report
1 Mar 23
8-K
Avid Technology Announces Q4 and FY 2022 Results
1 Mar 23
10-Q
2022 Q3
Quarterly report
8 Nov 22
Transcripts
AVID
Earnings call transcript
2023 Q1
4 May 23
AVID
Earnings call transcript
2022 Q4
1 Mar 23
AVID
Earnings call transcript
2022 Q3
9 Nov 22
AVID
Earnings call transcript
2022 Q2
3 Aug 22
AVID
Earnings call transcript
2022 Q1
5 May 22
AVID
Earnings call transcript
2021 Q4
2 Mar 22
AVID
Earnings call transcript
2021 Q3
10 Nov 21
AVID
Earnings call transcript
2021 Q2
4 Aug 21
AVID
Earnings call transcript
2021 Q1
6 May 21
AVID
Earnings call transcript
2020 Q4
10 Mar 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Operating income | |||||
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| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| 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) | 24.46 mm | 24.46 mm | 24.46 mm | 24.46 mm | 24.46 mm | 24.46 mm |
| Cash burn (monthly) | 4.80 mm | 1.71 mm | (no burn) | (no burn) | 852.00 k | (no burn) |
| Cash used (since last report) | 10.61 mm | 3.78 mm | n/a | n/a | 1.88 mm | n/a |
| Cash remaining | 13.85 mm | 20.68 mm | n/a | n/a | 22.58 mm | n/a |
| Runway (months of cash) | 2.9 | 12.1 | n/a | n/a | 26.5 | n/a |
Institutional ownership, Q1 2023
85.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 153 |
| Opened positions | 14 |
| Closed positions | 22 |
| Increased positions | 45 |
| Reduced positions | 60 |
| 13F shares | Current |
|---|---|
| Total value | 1.18 tn |
| Total shares | 37.45 mm |
| Total puts | 10.20 k |
| Total calls | 35.40 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Impactive Capital | 7.13 mm | $228.07 bn |
| BLK Blackrock | 5.48 mm | $175.31 bn |
| FMR | 5.06 mm | $161.77 bn |
| Vanguard | 2.44 mm | $78.09 bn |
| Royce & Associates | 1.75 mm | $55.89 bn |
| Dimensional Fund Advisors | 1.28 mm | $40.97 bn |
| STT State Street | 1.20 mm | $38.27 bn |
| Cowbird Capital | 942.26 k | $30.13 bn |
| Congress Asset Management | 691.85 k | $22.13 bn |
| DAVENPORT & Co | 690.86 k | $22.09 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 May 23 | Kevin W. Riley | Common Stock | Payment of exercise | Dispose F | No | No | 24 | 912 | 21.89 k | 61,212 |
| 25 May 23 | Asmar Christian | Common Stock | Grant | Acquire A | No | No | 0 | 6,203 | 0.00 | 42,780 |
| 25 May 23 | Robert M Bakish | Common Stock | Grant | Acquire A | No | No | 0 | 6,203 | 0.00 | 690,935 |
| 25 May 23 | Boggs Paula | Common Stock | Grant | Acquire A | No | No | 0 | 6,203 | 0.00 | 112,134 |
| 25 May 23 | Daley Elizabeth M | Common Stock | Grant | Acquire A | No | No | 0 | 6,203 | 0.00 | 155,629 |
News
10 Information Technology Stocks With Whale Alerts In Today's Session
24 May 23
12 Information Technology Stocks Moving In Wednesday's Intraday Session
24 May 23
Avid Technology Inc Is Working With Goldman Sachs Group Inc To Explore A Sale
24 May 23
Stocks That Hit 52-Week Lows On Tuesday
16 May 23
Stocks That Hit 52-Week Lows On Monday
15 May 23
Press releases
Signature Post Unveils State-of-the-art Audio Post Facility Powered by Avid Solutions
5 Jun 23
Avid Technology to Participate in Upcoming Investor Conferences
18 May 23
Avid Technology Announces Conference Call to Discuss First Quarter 2023 Financial Results
27 Apr 23
New Avid Partner Program Certifies Third-Party Tools to Deliver Powerful New Cloud Workflows for Avid | Edit On Demand Users
18 Apr 23
GBH Transforms Collaborative Workflows with Avid Enterprise Solutions in Broadcast News and TV Production
17 Apr 23