Vizio Holding Corp
NYSE:VZIO

  • LAST PRICE
    10.5800
  • TODAY'S CHANGE (%)
    -0.0100 (-0.0944%)
  • Bid / Lots
    10.3500/ 1
  • Ask / Lots
    10.6000/ 4
  • Open / Previous Close
    10.6000 / 10.5900
  • Day Range
    10.5650
    10.6200
  • 52 Week Range
    4.8200
    11.2800
  • Volume
    3,456,708

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  • May 8, 2024

      Show headlines and story abstract

    • 4:12PM ET on Wednesday May 08, 2024 by MT Newswires
      Companies Mentioned: VZIO
      04:12 PM EDT, 05/08/2024 (MT Newswires) -- ...

    • 4:10PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: VZIO

    • 4:05PM ET on Wednesday May 08, 2024 by Business Wire
      Companies Mentioned: VZIO

      --Platform+ gross profit increased 20% YoY to $88.3 million

      --SmartCast Average Revenue Per User increased 17% YoY to $34.24

      VIZIO Holding Corp. (NYSE: VZIO) today announced the following results for the three months ended March 31, 2024:

    • 4:05PM ET on Wednesday May 08, 2024 by Dow Jones
      Companies Mentioned: VZIO
      ------- ---------- Commitments and contingencies Stockholders' equity: Preferred stock, $0.0001 par value; 100.0 shares authorized and no shares issued and outstanding as of March 31, 2024 and December 31, 2023 -- -- Common stock, $0.0001 par value; 1,350.0 shares authorized as of March 31, 2024 and December 31, 2023 Class A, 122.1 and 125.3 shares issued and 122.1 and 121.5 shares outstanding as of March 31, 2024 and December 31, 2023, respectively, Class B, 76.2 shares issued and outstanding as of March 31, 2024 and December 31, 2023 Class C, no shares issued and outstanding as of March 31, 2024 and December 31, 2023 -- -- Additional paid-in capital 427.9 414.3 Accumulated other comprehensive loss (0.4) (0.3) Retained earnings 23.2 35.3 ------- ---------- Total stockholders' equity 450.7 449.3 ------- ---------- Total liabilities and stockholders' equity $ 861.4 $ 960.7 ======= ========== VIZIO HOLDING CORP. Consolidated Statements of Cash Flows (Unaudited, in millions) Three Months Ended ----------------------------- March 31, March 31, 2024 2023 ------------- -------------- Cash flows from operating activities: Net loss $ (12.1) $ (0.7) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 2.9 1.8 Realized gain on investments (0.4) -- Amortization of premium and discount on investments (1.8) (0.5) Change in fair value of investment securities -- (0.1) Share-based compensation expense 13.3 8.2 Change in allowance for doubtful accounts (0.2) 0.7 Changes in operating assets and liabilities: Accounts receivable 113.5 59.5 Other receivables due from related parties -- 2.0 Inventories (18.9) 1.7 Income taxes receivable (2.9) (0.6) Prepaid and other current assets (10.9) (4.6) Other assets (0.7) (2.9) Accounts payable due to related parties (33.3) (43.9) Accounts payable (34.4) (20.1) Accrued expenses (34.1) (17.0) Accrued royalties (0.6) (1.6) Other current liabilities 2.2 (0.2) Other long-term liabilities (0.7) (1.0) --- ------- ------- Net cash used in operating activities (19.1) (19.3) --- ------- ------- Cash flows from investing activities: Purchase of property and equipment (1.2) (0.2) Purchase of investments (25.0) (75.7) Sale of investments 0.6 -- Maturity of investments 25.5 15.0 --- ------- ------- Net cash used in investing activities (0.1) (60.9) --- ------- ------- Cash flows from financing activities: Proceeds from the exercise of stock options 0.5 1.7 --- ------- ------- Net cash provided by financing activities 0.5 1.7 Effects of exchange rate changes on cash and cash equivalents (0.1) -- --- ------- ------- Net decrease in cash and cash equivalents (18.8) (78.5) Cash and cash equivalents at beginning of period 221.6 288.7 --- ------- ------- Cash and cash equivalents at end of period $ 202.8 $ 210.2 === ======= ======= Supplemental disclosure of cash flow information: Cash (received from) paid for income taxes $ (0.4) $ 0.4 Cash paid for interest $ 0.1 $ -- Cash paid for amounts included in the measurement of operating lease liabilities $ 1.2 $ 1.2 Supplemental disclosure of non-cash investing and financing activities: Right-of-use assets obtained in exchange for new operating lease liabilities $ -- $ 0.5 Additions to property and equipment financed by accounts payable $ 0.1 $ 0.6 VIZIO HOLDING CORP. Reconciliation of Net Loss to Adjusted EBITDA (Unaudited, in millions) Three Months Ended March 31, ------------------------- 2024 2023 ------------- ---------- Net loss $ (12.1) $ (0.7) Adjusted to exclude the following: Interest income, net (3.9) (2.4) Other income, net (0.7) -- Benefit from income taxes (3.1) (0.2) Depreciation and amortization 2.9 1.8 Share-based compensation 13.3 8.2 -------- ------ Adjusted EBITDA(1) $ (3.6) $ 6.7 ======== ====== _____________________________ (1) Adjusted EBITDA includes acquisition-related costs of $5.7 million.

  • May 1, 2024

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