2023-05-04 16:29:11 ET
- Avid press release ( NASDAQ: AVID ): Q1 Non-GAAP EPS of $0.15 misses by $0.10 .
- Revenue of $97.82M (-2.8% Y/Y) misses by $3.18M .
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Subscription ARR of $150 million, an increase of 30.1% year-over-year, and total Annual Recurring Revenue ( ARR ) of $247 million, an increase of 8.1% year-over-year
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Second Quarter and Full-Year 2023 Guidance
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For the second quarter of 2023, Avid is providing guidance for ARR, Revenue, Non-GAAP Earnings per Share and Adjusted EBITDA.
For the full year 2023, Avid is affirming its guidance for ARR, Revenue, Subscription & Maintenance Revenue, Non-GAAP Earnings per Share, Adjusted EBITDA and Free Cash Flow, as adjusted, that was issued on March 1, 2023.
Revenue is expected between $101 to $111
Non GAAP earnings per share $0.15 to $0.30
For further details see:
Avid Non-GAAP EPS of $0.15 misses by $0.10, revenue of $97.82M misses by $3.18M