Avid Technology Inc's Suppliers recorded an increase in sales by 16.36 % year on year in Q3 2021, sequentially sales grew by 1.53 %, Avid Technology Inc recorded an increase in cost of sales by 11.07 % year on year, sequentially cost of sales grew by 2.88 % in Q3.
Avid Technology Inc's Suppliers recorded an increase in sales by 16.36 % year on year in Q3 2021, sequentially sales grew by 1.53 %, Avid Technology Inc recorded increase in cost of sales by 11.07 % year on year, sequentially cost of sales grew by 2.88 % in Q3.
Our internal manufacturing operations consist primarily of the testing of subassemblies
and components purchased from third parties, the duplication of software, and
the configuration, final assembly and testing of board sets, software, related
hardware components and complete systems. In addition to our internal manufacturing
operations, we rely on a network of contractors around the globe to manufacture
many of our products, components and subassemblies. Our products undergo testing
and quality assurance at the final assembly stage. We depend on sole-source suppliers
for certain key hardware product components and finished goods, including some
critical items. Although we have procedures in place to mitigate the risks associated
with our sole-sourced suppliers, we cannot be certain that we will be able to
obtain sole-sourced components or finished goods from alternative suppliers or
that we will be able to do so on commercially reasonable terms without a material
impact on our results of operations or financial position.
Our company-operated manufacturing facilities, primarily for final assembly
and testing of certain products, are located in: Kfar Saba, Israel, Dublin,
Ireland and Mountain View, California. Our Dublin facility is ISO 14001, Environmental
Management System, certified.
Avid Technology Inc's Comment on Supply Chain
Our internal manufacturing operations consist primarily of the testing of subassemblies
and components purchased from third parties, the duplication of software, and
the configuration, final assembly and testing of board sets, software, related
hardware components and complete systems. In addition to our internal manufacturing
operations, we rely on a network of contractors around the globe to manufacture
many of our products, components and subassemblies. Our products undergo testing
and quality assurance at the final assembly stage. We depend on sole-source suppliers
for certain key hardware product components and finished goods, including some
critical items. Although we have procedures in place to mitigate the risks associated
with our sole-sourced suppliers, we cannot be certain that we will be able to
obtain sole-sourced components or finished goods from alternative suppliers or
that we will be able to do so on commercially reasonable terms without a material
impact on our results of operations or financial position.
Our company-operated manufacturing facilities, primarily for final assembly
and testing of certain products, are located in: Kfar Saba, Israel, Dublin,
Ireland and Mountain View, California. Our Dublin facility is ISO 14001, Environmental
Management System, certified.
AVID's Suppliers Net Income grew by
AVID's Suppliers Net margin fell in Q3 to
12.43 %
19.74 %
AVID's Suppliers Net Income grew by 12.43 %
AVID's Suppliers Net margin fell in Q3 to 19.74 %
Avid Technology Inc's Suppliers Sales Growth
in Q3 2021 by Industry
Sources:
Avid Technology Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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