Avid Technology, Inc. financial data

Industry
Services-Prepackaged Software
Location
75 Network Drive, Burlington, MA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2023 - Nov 7, 2023

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 98.2 % +9.67%
Quick Ratio 15.3 % +36.1%
Debt-to-equity -335 % -16.2%
Return On Equity -10.8 % +68.2%
Return On Assets 4.59 % -74.5%
Operating Margin 4.27 % -67.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 44.1M shares -1.21%
Common Stock, Shares, Outstanding 44.1M shares +0.33%
Common Stock, Value, Issued 466K USD +1.09%
Weighted Average Number of Shares Outstanding, Basic 44.2M shares -0.6%
Weighted Average Number of Shares Outstanding, Diluted 44.2M shares -1.11%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 413M USD -1.65%
Cost of Revenue 152M USD +7.29%
Research and Development Expense 76.2M USD +14.1%
Selling and Marketing Expense 97.1M USD -1.9%
General and Administrative Expense 65.2M USD +13.5%
Operating Income (Loss) 17.6M USD -67.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2.48M USD -94.7%
Income Tax Expense (Benefit) -10.5M USD -645%
Net Income (Loss) Attributable to Parent 12.9M USD -71.4%
Earnings Per Share, Basic 0.29 USD/shares -71.3%
Earnings Per Share, Diluted 0.29 USD/shares -70.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 21M USD -33.1%
Accounts Receivable, after Allowance for Credit Loss, Current 56.4M USD +1.99%
Inventory, Net 28.6M USD +30%
Other Assets, Current 3.06M USD +28.4%
Assets, Current 157M USD +11.9%
Deferred Income Tax Assets, Net 15.7M USD +296%
Property, Plant and Equipment, Net 30.7M USD +44.5%
Operating Lease, Right-of-Use Asset 19.6M USD -4.88%
Goodwill 32.6M USD 0%
Other Assets, Noncurrent 18.7M USD -3.2%
Assets 274M USD +15.2%
Accounts Payable, Current 39.5M USD +13.2%
Employee-related Liabilities, Current 17M USD -24.3%
Accrued Liabilities, Current 39.1M USD +10%
Liabilities, Current 146M USD -10.2%
Operating Lease, Liability, Noncurrent 18.7M USD -6.63%
Other Liabilities, Noncurrent 3.91M USD -21.2%
Liabilities 397M USD +4.75%
Accumulated Other Comprehensive Income (Loss), Net of Tax -6.53M USD +12.6%
Retained Earnings (Accumulated Deficit) -1.08B USD +1.18%
Stockholders' Equity Attributable to Parent -123M USD +12.9%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -123M USD +12.9%
Liabilities and Equity 274M USD +15.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.56M USD -132%
Net Cash Provided by (Used in) Financing Activities -7.82M USD +60.9%
Net Cash Provided by (Used in) Investing Activities -3.93M USD -21.2%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 47M shares +1.13%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -14.4M USD +7.58%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 23M USD -34.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 2.68M USD +128%
Operating Lease, Liability 23.3M USD -5.12%
Payments to Acquire Property, Plant, and Equipment 3.93M USD +21.2%
Lessee, Operating Lease, Liability, to be Paid 26.7M USD -7.33%
Operating Lease, Liability, Current 4.65M USD +1.49%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.45M USD -20%
Operating Lease, Payments 6.4M USD +3.23%
Depreciation, Depletion and Amortization 2.3M USD +27.4%
Share-based Payment Arrangement, Expense 21.5M USD +47.8%
Interest Expense 16.2M USD +109%