Avid Technology, Inc. has reported its financial results for the third quarter ended September 30, 2001. Revenues for the quarter were $102.3 million. Net loss for the quarter was $14.2 million or $.55 per share including amortization of acquisition-related intangible assets, and restructuring and other costs, net. Excluding these items, Avid would have reported a net loss of $801,000 or $.03 per share for the third quarter of 2001. For the nine months ended September 30, 2001, revenues were $329.8 million.
Tagged With: Avid
Avid Technology, Inc. announced financial results for the quarter ended June 30, 2000. Revenues for 200O were US$120 million up from $116.4 million a year ago. For the quarter, the company recorded a net loss of $18.1 million, or $.07 per share, including amortization of acquisition-related intangible assets, compared to a net loss of $8 million, or $.34 per share in the second quarter of 1999.
Versions of Boris Graffiti LTD and Boris FX LTD are now bundled with selected Avid Xpress DV non-linear video editing and delivery systems. Graffiti LTD, one of the most flexible title animation toolsets available, provides superior creativity and workflow for Avid system users by extending the titling capabilities in Avid Xpress DV. Boris FX LTD enhances the Avid Xpress DV toolset with the same dynamic special effects found in the award-winning Boris FX.
The Scientific and Technical Academy Awards will be presented on Saturday, February 27 in Los Angeles. Avid Technology will receive an Oscar statuette for the concept, system design and engineering of the Avid Film Composer for motion picture editing. Of the thirty-four other awards (Academy plaques and certificates), the sole animation-related distinction goes to Cary Phillips of Industrial Light & Magic, who will receive a Technical Achievement award for the design and development of the "Caricature" Animation System