AVID TECHNOLOGY, INC.

(AVID)
  Report
Delayed Nasdaq  -  05/19 04:00:01 pm EDT
26.16 USD   +8.86%
05/19INSIDER BUY : Avid Technology
MT
05/04AVID : Q1 Earnings Snapshot
AQ
05/04TRANSCRIPT : Avid Technology, Inc., Q1 2022 Earnings Call, May 04, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Avid Technology : Company Overview – January 2022

01/13/2022 | 01:51pm EDT

COMPANY

UPDATE

Avid Technology (Nasdaq: AVID)

January 2022

M E D I A C O M P O S E R

D I S T R I B U T E D P R O C E S S I N G

Offload processor-intensive media creation workflow tasks to any available local computers

NON-GAAP MEASURES & OPERATIONAL METRICS

The following non-GAAP measures & operational metrics will be used in the presentation:

Non-GAAP Measures

  • Adjusted EBITDA
  • Adjusted EBITDA Margin
  • Free Cash Flow
  • Non-GAAPGross Profit
  • Non-GAAPGross Margin
  • Non-GAAPOperating Expenses
  • Non-GAAPNet Income
  • Non-GAAPNet Income per Share
  • LTM Adjusted EBITDA

Operational Metrics

  • Cloud Enabled Software Subscriptions
  • LTM Recurring Revenue %
  • Annual Contract Value ("ACV")
  • Revenue Backlog

Reconciliations of all non-GAAP measures used in this presentation that are required to be reconciled to their comparable GAAP measures are included in this presentation and in our press release announcing Q3 2021 results published on November 9, 2021 and filed as an exhibit to our 8-K filed with the SEC on November 9, 2021, and definitions of the operational metrics used in this presentation are included in the supplemental financial information datasheet available on ir.avid.com. Avid believes the non-GAAP measures and the operational metrics provided in this presentation provide helpful information to investors with respect to evaluating the Company's performance. However, these non-GAAP measures and operational metrics may vary from how other companies present such measures. Non-GAAP measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP.

The presentation also includes expectations for future Adjusted EBITDA, Non-GAAP Net Income per Share and Free Cash Flow, which are forward-lookingnon-GAAP financial measures. Reconciliations of these forward-lookingnon-GAAP measures are not included in this presentation or elsewhere, due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from the estimation of the non-GAAP results, together with some of the excluded information not being ascertainable or accessible at this time. As a result, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts.

Avid ©2022

2

SAFE

HARBOR

SAFE

STATEMENT

HARBOR STATEMENT

Certain information provided in this presentation includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include statements regarding our future financial performance or position, results of operations, business strategy, plans and objectives of management for future operations, and other statements that are not historical fact. You can identify forward-looking statements by their use of forward-looking words such as "may", "will", "anticipate", "expect", "believe", "estimate", "intend", "plan", "should", "seek", or other comparable terms.

Readers of this presentation should understand that these forward-looking statements are not guarantees of performance or results. Forward-looking statements provide our current expectations and beliefs concerning future events and are subject to risks, uncertainties, and factors relating to our business and operations, all of which are difficult to predict and could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements.

These risks, uncertainties, and factors include, but are not limited to: risks related to the impact of the coronavirus (COVID-19) outbreak and its variants on our business, suppliers, consumers, customers and employees; our liquidity; our ability to execute our strategic plan including our cost saving strategies, and to meet customer needs; our ability to retain and hire key personnel; our ability to produce innovative products in response to changing market demand, particularly in the media industry; our ability to successfully accomplish our product development plans; competitive factors; history of losses; fluctuations in our revenue based on, among other things, our performance and risks in particular geographies or markets; our higher indebtedness and ability to service it and meet the obligations thereunder; restrictions in our credit facilities; our move to a subscription model and related effect on our revenues and ability to predict future revenues; fluctuations in subscription and maintenance renewal rates; elongated sales cycles; fluctuations in foreign currency exchange rates; seasonal factors; adverse changes in economic conditions; variances in our Revenue Backlog and the realization thereof; risks related to the availability and prices of raw materials, including any negative effects caused by inflation, weather conditions, or health pandemics; disruptions or inefficiencies in our supply chain and/or operations, including from the COVID-19 outbreak; the costs, disruption, and diversion of management's attention due to the COVID-19 outbreak; the possibility of legal proceedings adverse to our Company; and other risks described in our reports filed from time to time with the U.S. Securities and Exchange Commission. Moreover, the business may be adversely affected by future legislative, regulatory or other changes, including tax law changes, as well as other economic, business and/or competitive factors. The risks included above are not exhaustive. We caution readers not to place undue reliance on any forward-looking statements included in this presentation which speak only as to the date of this presentation. We undertake no responsibility to update or revise any forward-looking statements, except as required by law.

Avid ©2022

3

BUSINESS

UPDATE

Jeff Rosica

Chief Executive Officer & President

M E D I A C E N T R A L | S T R E A M

Simple, reliable and secure contribution from IP streams into

Avid's MediaCentral platform for fast turnaround workflows

If you enjoy the movies,

watch television or listen to music-you're experiencing AVID tools and solutions at work

AvidAvid ©2022©2022

55

Disclaimer

Avid Technology Inc. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 18:50:00 UTC.


© Publicnow 2022
All news about AVID TECHNOLOGY, INC.
05/19INSIDER BUY : Avid Technology
MT
05/04AVID : Q1 Earnings Snapshot
AQ
05/04TRANSCRIPT : Avid Technology, Inc., Q1 2022 Earnings Call, May 04, 2022
CI
05/04AVID TECHNOLOGY, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND ..
AQ
05/04Earnings Flash (AVID) AVID TECHNOLOGY Reports Q1 Revenue $100.6M, vs. Street Est of $10..
MT
05/04Earnings Flash (AVID) AVID TECHNOLOGY Posts Q1 EPS $0.33, vs. Street Est of $0.34
MT
05/04AVID TECHNOLOGY, INC. : Results of Operations and Financial Condition, Change in Directors..
AQ
05/04Avid Technology, Inc. Ceases Lior Netzer as General Manager, Media Platform & Cloud Sol..
CI
05/04Avid Technology Announces Q1 2022 Results
AQ
05/04Avid Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 20..
CI
More news
Analyst Recommendations on AVID TECHNOLOGY, INC.
More recommendations
Financials (USD)
Sales 2022 439 M - -
Net income 2022 49,3 M - -
Net Debt 2022 69,9 M - -
P/E ratio 2022 24,7x
Yield 2022 -
Capitalization 1 176 M 1 176 M -
EV / Sales 2022 2,84x
EV / Sales 2023 2,46x
Nbr of Employees 1 405
Free-Float 89,8%
Chart AVID TECHNOLOGY, INC.
Duration : Period :
Avid Technology, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AVID TECHNOLOGY, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 26,16 $
Average target price 42,00 $
Spread / Average Target 60,6%
EPS Revisions
Managers and Directors
Jeff Rosica Senior Vice President-Worldwide Field Operation
Kenneth L. Gayron Treasurer, Chief Financial & Accounting Officer
Peter Miles Westley Chairman
Kevin W. Riley Chief Technology Officer & SVP-Technology
Dave Perillo Senior VP-Operations & Supply Chain
Sector and Competitors
1st jan.Capi. (M$)
AVID TECHNOLOGY, INC.-26.22%1 176
MICROSOFT CORPORATION-24.73%1 893 242
DASSAULT SYSTÈMES SE-27.78%52 426
SYNOPSYS INC.-18.45%46 009
ATLASSIAN CORPORATION PLC-54.17%44 425
SEA LIMITED-65.63%43 038