That does not appear to be good news. A year ago I wrote:
While total assets have fallen by about $48 million, the one we most care about - Cash and Cash Equivalents - went up from $32,885,000 at Dec 31, 2011, to $71,359,00, although there is a balancing $29 million drop in accounts receivable. That is still a net increase of about $20 million in the bank.http://www.philiphodgetts.com/?p=14048
The linked filing below has Avid's cash on hand on March 30 was $22 million. That appears to be a reversal of the increasing bank balance at the last reported (2012) figures.
Philip
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