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Avid Technology, Inc. (AVID) Q4 2022 Earnings Call Transcript

Mar. 04, 2023 2:16 AM ETAvid Technology, Inc. (AVID)
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Avid Technology, Inc. (NASDAQ:AVID) Q4 2022 Earnings Conference Call March 1, 2023 5:30 PM ET

Company Participants

Whit Rappole – Vice President Corporate Development and Investor Relations

Jeff Rosica – Chief Executive Officer and President

Ken Gayron – Chief Financial Officer and EVP

Conference Call Participants

Josh Nichols – B. Riley

Jeremy Sahler – Jefferies

Nehal Chokshi – Northland

Paul Chung – JPMorgan

Jack Vander Aarde – Maxim

Whit Rappole

[Call Starts Abruptly] Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP. In their prepared remarks, Jeff will provide an overview of our business, and then Ken will provide a detailed review of our financial and operating results, followed by time for questions.

We issued our earnings release earlier this afternoon, and we have prepared a slide presentation that we will refer to on this call. The press release and presentation are currently available on the Events and Presentations page of our Investor Relations website at ir.avid.com, and shortly following the conclusion of this call, a replay will be available on our IR website for a limited time.

During today's call, management will reference certain non-GAAP financial metrics and operational metrics. In accordance with Regulation G, both the appendix to our earnings release today and our Investor Relations website contain a reconciliation of the most closely associated GAAP financial information to the non-GAAP measures and also definitions for the operational metrics used on this call and in the presentation. Unless otherwise noted, figures noted by management during the call are non-GAAP, except for revenue which is always GAAP.

In addition, certain statements made during today's presentation contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our comments and answers to your questions on this call as well as

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