Vizio is an American company founded in Orange County California in 2002. It focuses on producing smart televisions, sound bars, and accessories.It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling a fully integrated home entertainment solution, and data intelligence and services products through Inscape. Its SmartCast delivers content and applications through an easy-to-use interface, as well as supports streaming apps and hosts its free ad-supported video app, WatchFree, as well as VIZIO Free Channels. In addition, the company provides support for third-party voice platforms.
Sector: Consumer Goods/Electronics
Vizio went public 03/25/2021 at 21$ since then it ranged from $17.25-$28.80 and currently sits at $21.84.
Market cap of $4B with 2020 sales of $2.04B and a P/E ratio of 40.
Net revenue increased 52% year over year to $505.7 million. With a forecasted annual earnings increase of 46.9%
Vizio has no debt compared to 5 years ago when its debt to equity ratio was 89.4%.
Short term assets ($750.8M) exceed its short term liabilities ($523.4M).
Gross profit increased 82% year over year to $86.7 million
Net income declined 64% year over year to $3.3 million. (Vizio attributes this to problems with importing goods during the pandemic)
SmartCast Active Accounts grew 57% year over year to 13.4 million
Average Revenue Per User (ARPU) increased 76% year over year to $14.52
Platform+ net revenue increased 120% year over year to $52.2 million
One potential issue is Smartcast is only 3 years old and is not as well known as Roku, Amazon firestick or apple tv. People could opt for what the know rather than give smartcast a shot.
Vizio has strong financials and is focusing more on the ad revenue generated by smartcast. I don’t have much stake in Vizio but I do see potential. With some volume this stock can move.
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