Avid Technology
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Avid Technology's past years’ income statements indicate that its last revenue has increased compared to the previous period by 2% to $417,413,000. The net income raised on $55,241,000 and profit margin reached 13%. Total operating expenses were $220,070,000.
Profit Margin
| 2013 | 563.41M | 21.15M | 3.75% |
|---|---|---|---|
| 2014 | 530.25M | 14.72M | 2.78% |
| 2015 | 505.59M | 2.48M | 0.49% |
| 2016 | 511.93M | 48.21M | 9.42% |
| 2017 | 419.00M | -13.55M | -3.24% |
| 2018 | 413.28M | -10.67M | -2.58% |
| 2019 | 411.78M | 7.60M | 1.85% |
| 2020 | 360.46M | 11.06M | 3.07% |
| 2021 | 409.94M | 41.38M | 10.1% |
| 2022 | 417.41M | 55.24M | 13.23% |
AVID Income Statement (2013 – 2022)
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 417.41M | 409.94M | 360.46M | 411.78M | 413.28M | 419.00M | 511.93M | 505.59M | 530.25M | 563.41M |
Cost of revenue | 142.97M | 144.14M | 132.14M | 162.71M | 174.11M | 176.88M | 179.20M | 197.44M | 204.47M | 223.90M |
Gross profit | 274.43M | 265.80M | 228.32M | 249.07M | 239.16M | 242.11M | 332.72M | 308.15M | 325.78M | 339.50M |
Operating exp. | ||||||||||
Research and development | 66.90M | 65.55M | 57.01M | 62.34M | 62.37M | 68.21M | 81.56M | 95.89M | 90.39M | 95.24M |
Selling and marketing | 95.97M | 95.49M | 87.63M | 99.94M | 101.27M | 106.25M | 110.33M | 122.51M | 133.04M | 133.89M |
Total operating expenses | 220.07M | 218.42M | 191.70M | 216.34M | 220.33M | 229.81M | 255.87M | 294.87M | 306.24M | 309.36M |
Operating income | 53.85M | 46.26M | 31.56M | 32.10M | 13.68M | 5.24M | 64.01M | 6.97M | 19.69M | 24.76M |
Other income (expenses), net | -8.51M | -2.30M | -19.13M | -29.57M | -5.14M | -18.66M | -12.83M | -6.40M | -2.78M | -5.02M |
Income before tax | 45.33M | 43.95M | 12.43M | 2.52M | -9.40M | -13.42M | 45.34M | 565K | 16.91M | 24.09M |
Income tax expense | -9.90M | 2.56M | 1.37M | -5.07M | 1.27M | 133K | -2.87M | -1.91M | 2.18M | 2.93M |
Net income | 55.24M | 41.38M | 11.06M | 7.60M | -10.67M | -13.55M | 48.21M | 2.48M | 14.72M | 21.15M |
Earnings per share | ||||||||||
Basic EPS | 1.24 | 0.92 | 0.25 | 0.18 | -0.26 | -0.33 | 1.2 | 0.06 | 0.38 | 0.54 |
Diluted EPS | 1.23 | 0.89 | 0.25 | 0.17 | -0.26 | -0.33 | 1.2 | 0.06 | 0.38 | 0.54 |
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