AVID TECHNOLOGY, INC. financial metrics

Professional SEC-based dashboard for profitability, financial health, and growth with transparent scoring logic. Latest period: Q3 2023.

Location
Burlington, MA
Fiscal year end
31 December
Latest financial report
07 Nov 2023

Quick Takeaways

  • AVID TECHNOLOGY, INC. financial facts are built from SEC company filings data.
  • Latest metrics period on this page: Q3 2023.
  • Headline metric: Return On Equity -9.8%.

What Changed

  • Return On Equity YoY change: <span class="text-red-600">-71%</span>.
  • Most recent SEC facts end date: 30 Sep 2023.

Why This Matters

  • This gives a beginner-friendly first read before you inspect detailed formulas and metric tables.
  • Every metric card links to a deeper SEC-backed history page for verification.

Official SEC Source

Based on latest 10-Q/10-K

Facts and ratios are grounded in SEC company facts linked to the latest 10-Q/10-K cycle.

See Original Filing

Latest SEC snapshot (2023-09-30) highlights Return On Equity -9.8%, Return On Assets 5.1%, and Operating Margin 4.3%.

Financial Quality Score

Transparent 0-100 scoring model based on profitability, financial health, and growth factors.

29.9/100

Weak Confidence high

Return On Equity

-9.8%

Metric score 0.0/100

Return On Assets

5.1%

Metric score 38.3/100

Financial Health

Current Ratio
1.07x
Quick Ratio
0.53x
Debt to Equity
-3.35x

Strengths

Current Ratio

Watchpoints

Return On Equity, Return On Assets, and Operating Margin

Key metrics snapshot

Return On Equity

-9.8%

YoY: -71%

Industry median: 1.8% (n=305)

View history

Return On Assets

5.1%

YoY: -73%

Industry median: -5.4% (n=303)

View history

Operating Margin

4.3%

YoY: -67%

Industry median: -8.2% (n=263)

View history

Current Ratio

1.07x

YoY: +25%

Industry median: 1.3x (n=304)

View history

Quick Ratio

0.53x

YoY: -0.62%

Industry median: 0.94x (n=234)

View history

Debt-to-equity

-3.35x

YoY: +16%

Industry median: 0.51x (n=238)

View history

Revenues YoY

-1.6%

YoY:

Industry median: 10% (n=265)

View history

NetIncomeLoss YoY

-71%

YoY:

Industry median: 6.9% (n=284)

View history

Profitability

Metric Latest value YoY change
Return On Equity -9.8% -71%
Return On Assets 5.1% -73%
Operating Margin 4.3% -67%

Financial Health

Metric Latest value YoY change
Current Ratio 1.07x +25%
Quick Ratio 0.53x -0.62%
Debt-to-equity -3.35x +16%

Growth

Metric Latest value YoY change
Revenues YoY -1.6%
NetIncomeLoss YoY -71%

Share Metrics

Metric Latest value YoY change
Entity Common Stock, Shares Outstanding 44,098,790 -1.2%
Common Stock, Shares, Outstanding 44,069,000 +0.33%
Common Stock, Value, Issued $466,000 +1.1%
Weighted Average Number of Shares Outstanding, Basic 44,209,000 -0.6%
Weighted Average Number of Shares Outstanding, Diluted 44,209,000 -1.1%

Additional Metrics

Metric Latest value YoY change
Cost of Revenue $152,489,000 +7.3%
Research and Development Expense $76,228,000 +14%
Selling and Marketing Expense $97,067,000 -1.9%
General and Administrative Expense $65,164,000 +14%
Operating Income (Loss) $17,642,000 -68%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $2,477,000 -95%
Income Tax Expense (Benefit) $10,472,000 -645%
Earnings Per Share, Basic 0 -71%
Earnings Per Share, Diluted 0 -71%
Cash and Cash Equivalents, at Carrying Value $20,963,000 -33%
Accounts Receivable, after Allowance for Credit Loss, Current $56,354,000 +2%
Inventory, Net $28,591,000 +30%
Other Assets, Current $3,057,000 +28%
Assets, Current $156,510,000 +12%
Deferred Income Tax Assets, Net $15,725,000 +296%
Property, Plant and Equipment, Net $30,656,000 +45%
Operating Lease, Right-of-Use Asset $19,551,000 -4.9%
Goodwill $32,643,000 0%
Other Assets, Noncurrent $18,654,000 -3.2%
Assets $273,739,000 +15%
Accounts Payable, Current $39,528,000 +13%
Employee-related Liabilities, Current $16,991,000 -24%
Accrued Liabilities, Current $39,132,000 +10%
Liabilities, Current $145,781,000 -10%
Operating Lease, Liability, Noncurrent $18,654,000 -6.6%
Other Liabilities, Noncurrent $3,907,000 -21%
Liabilities $396,924,000 +4.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax $6,527,000 +13%
Retained Earnings (Accumulated Deficit) $1,084,029,000 +1.2%
Stockholders' Equity Attributable to Parent $123,185,000 +13%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $123,185,000 +13%
Liabilities and Equity $273,739,000 +15%
Common Stock, Shares Authorized 100,000,000 0%
Common Stock, Shares, Issued 46,995,000 +1.1%
Common Stock, Par or Stated Value Per Share 0.01 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $23,031,000 -34%
Operating Lease, Liability $23,300,000 -5.1%
Lessee, Operating Lease, Liability, to be Paid $26,747,000 -7.3%
Operating Lease, Liability, Current $4,646,000 +1.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $3,447,000 -20%
Operating Lease, Payments $6,400,000 +3.2%
Share-based Payment Arrangement, Expense $21,479,000 +48%
Interest Expense $16,223,000 +109%

How we score

This score is transparent and deterministic. We weight profitability, financial health, and growth metrics, then renormalize weights when SEC data is missing.

Metric Weight V1 threshold
ROIC205% to 20%
ROE158% to 25%
ROA102% to 10%
Operating Margin55% to 25%
Current Ratio121.0x to 2.0x
Quick Ratio80.8x to 1.5x
Debt to Equity100.3x to 2.0x (lower is better)
Revenue YoY10-10% to +20%
Net Income YoY10-10% to +20%

How Calculated (standard_v1)

Metrics are computed with a market-consensus convention designed for cross-portal comparability.

  • TTM Operating Income / TTM Revenues
  • Current Assets / Current Liabilities (latest instant quarter)
  • (Current Assets - Inventory) / Current Liabilities; fallback: (Cash+Short-Term Investments + Accounts Receivable) / Current Liabilities
  • Total Debt / Stockholders Equity (latest instant quarter; shared unit; freshest series)
  • TTM Net Income / Average Equity (current quarter + same quarter previous year) / 2
  • TTM Net Income / Average Assets (current quarter + same quarter previous year) / 2
  • TTM NOPAT / Average Invested Capital, where NOPAT=Operating Income*(1-tax rate), Invested Capital=Equity+Total Debt-Cash & ST Investments
  • TTM Revenues YoY
  • TTM Net Income YoY