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Avid Technology Inc   (AVID)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology


 

Avid Technology Inc

AVID's Financial Statements and Analysis



Avid Technology Inc reported in the third quarter of 2023 net loss per share of $-0.17 compare to earnings per share of $0.27 in the same quarter a year ago a decrease compare to $-0.10 realized in previous quarter.


third quarter of 2023
Earnings Per Share Revenues
$ -0.17 $  91 Mill
$-0.44     $-12M     -11.63 %



Avid Technology Inc 's Revenue fell by -11.63 % in third quarter of 2023 (Sep 30 2023) year on year, to $91 million and declined by -16.15 % sequentially.


Avid Technology Inc is

More on AVID's Income Statement



Avid Technology Inc 's in thethird quarter of 2023 recorded net loss of $-7.334 million, compare to net income of $12.022 million achieved in III. Quarter a year ago.

Sequentially net loss advanced

More on AVID's Growth

Avid Technology Inc Inventories
Inventories grew by 30 % to $29 million from III. Quarter a year ago, sequentially inventories rose by 2.01 %. In Sep 30 2023 company's net cash and cash equivalents decreased by $-13 million, capital expenditures fell by -3.7082.21%, to $-4 millions compare to same quarter a year ago

More on AVID's Cash flow Statement


Avid Technology Inc does not pay out common stock dividend.

In trailing twelve-month period Avid Technology Inc payed $ -0.12 cash per share, on a free-cash flow basis .


Tangible Book value fell to $ -3.52 per share from $ -3.44.

Company issued 0.11 million shares or 0.25 % in Sep 30 2023.
Interest Coverage Ratio was 1.15. Debt Coverage Ratio was 0.1.

More on AVID's Dividends

 Market Capitalization (Millions) 1,195
 Shares Outstanding (Millions) 44
 Total Debt (Millions $) 204
 Revenue (TTM) (Millions $) 413
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) -12
 Capital Exp. (TTM) (Millions $) -18
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,522




Avid Technology Inc does not pay out common stock dividend.

In trailing twelve-month period Avid Technology Inc had negative $ -0.12 cash flow per share, on a free-cash flow basis .


Tangible Book value fell to $ -3.52 per share from $ -3.44.

Company issued 0.11 million shares or 0.25 % in Sep 30 2023.
Interest Coverage Ratio was 1.15. Debt Coverage Ratio was 0.1.

More on AVID's Balance Sheets

 Market Capitalization (Millions) 1,195
 Shares Outstanding (Millions) 44
 Total Debt (Millions $) 204
 Revenue (TTM) (Millions $) 413
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) -12
 Capital Exp. (TTM) (Millions $) -18
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,522
   


  News about Avid Technology Inc Earnings

AVID Technology Inc. Reports Disappointing Financial Results for Q3 2023 Amid Weak Sales

During the past 5 trading days, the stock of...

AVID Technology Inc defies profitability with an impressive 11.12% revenue boost!

The stock market is a dynamic arena, constantly shifting and presenting new op...

Avid Technology Inc. Faces Setback with $0.31 Million Tax Charge in Q1 2023

Avid Technology Inc. is a technology company that opera...


Date modified: 2023-11-08T19:43:16+00:00





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