Avid Technology Issues Full-Year 2019 Guidance
Avid Technology, Inc. (AVID)
Last avid technology, inc. earnings: 3/9 04:05 pm
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US:NASDAQ Investor Relations:
ir.avid.com/investor-relations
Company Research
Source: GlobeNewswire
BURLINGTON, Mass., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), the leading technology provider that powers the media and entertainment industry, today issued its full-year 2019 guidance during its 2018 Investor Day. (in $ millions) Full Year 2019 Revenue$420 - $430Adjusted EBITDA$60 - $65Free Cash Flow $12 - $17 All guidance presented by the Company is inherently uncertain and subject to numerous risks and uncertainties. Avid’s actual future results of operations could differ materially from those shown in the table above. For a discussion of some of the key assumptions underlying the guidance, as well as the key risks and uncertainties associated with these forward-looking statements, please see “Forward-Looking Statements” below. Non-GAAP Financial Measures The press release includes forward-looking non-GAAP financial measures, including Adjusted EBITDA and Free Cash Flow. Reconciliations of these forward-looking non-GAAP financial measures are
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