Avid Technology (AVID) Reports Q4 Loss of $0.13

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Go back to Avid Technology (AVID) Reports Q4 Loss of $0.13

Avid Announces Fourth Quarter and Full-Year 2014 Financial Results

March 16, 2015 5:23 PM EDT

BURLINGTON, Mass., March 16, 2015 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) announced today that it has released fourth quarter 2014 results and filed its Form 10-K for the fiscal year ended December 31, 2014.

Fourth Quarter 2014 Highlights

Bookings of $153 million, up 2% year-on-year, highest bookings from continuing operations since 2011 Free cash flow generation of $16 million, almost double Q4 2013, highest since 2012 Adjusted EBITDA of $14 million Added over 2,000 new Media Composer subscribers in Q4, representing a 65% increase in users from Q3 2014 Non-GAAP operating expense improved 8% over Q4 2013 Non-GAAP Net Income of $8.0 million or... More

Avid Announces Fourth Quarter and Full-Year 2014 Financial Results

March 16, 2015 5:23 PM EDT

BURLINGTON, Mass., March 16, 2015 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) announced today that it has released fourth quarter 2014 results and filed its Form 10-K for the fiscal year ended December 31, 2014.

Fourth Quarter 2014 Highlights

Bookings of $153 million, up 2% year-on-year, highest bookings from continuing operations since 2011 Free cash flow generation of $16 million, almost double Q4 2013, highest since 2012 Adjusted EBITDA of $14 million Added over 2,000 new Media Composer subscribers in Q4, representing a 65% increase in users from Q3 2014 Non-GAAP operating expense improved 8% over Q4 2013 Non-GAAP Net Income of $8.0 million or... More