Avid Warns of Q3 Revenue Shortfall
November 3, 2019, 08:55 PM
https://www.studiodaily.com/2019/11/avid-warns-q3-...
Avid had a slower-than-expected third quarter, the company said yesterday, blaming a shortfall in hardware production that left it with a backlog of about $8.1 million in unfulfilled orders. Those orders are expected to ship in the fourth quarter, as Avid finishes implementing a plan to outsource hardware production and reduce its costs and inventory. Also […] The post Avid Warns of Q3 Revenue Shortfall appeared first on Studio Daily.
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