VIZIO Holding Corp. (VZIO), a company providing smart televisions, soundbars, and accessories in the United States, has seen an increase of 5.52% in aftermarket trading session As a result, VZIO stock was changing hands at $20.64 when last checked. The stock has jumped after praise by some word leading publications for streaming upside. On Friday, VZIO stock closed the day at $19.56 after declining 1.16% in regular trading hours. Let’s have a look at some recent developments of VZIO.
fuboTV availability on VIZO SmartCast
On 9th September, VZIO announced that fuboTV was available over VIZIO SmartCast®. fuboTV is the leading sports-first live TV streaming platform. With a subscription to fuboTV, SmartCast users could easily relish the streaming of more than 100 channels. Besides, they could enjoy thousands of live sporting events annually as well as could get hold of some leading news and entertainment content. According to the company, fuboTV is available over VIZIO SmartCast TVs and they are packed with superior picture quality so users won’t miss any play. fuboTV is paired with Vizio best soundbar, and hence, users could enjoy a perfect theatre sort of experience at their home. Katherine Pond, Vice President of Business Development at VIZIO, commented on the development thatfuboTV’s offering with an impressive array of live sports programming as well as hundreds of other entertainment options is a welcome addition to the SmartCast lineup.
Q2 2021 financial results
On 4th August, VZIO reported the quarterly results for the second quarter of fiscal 2021, which ended 30th June. According to the details, the company generated revenue of $401.2 million during the quarter. During the equivalent period of 2020, the revenue stood at $393.5 million. The total gross profit for the quarter stood at $79.5 million. For an equivalent period of 2020, the total gross profit stood at $58 million. The operating expenses for the quarter were $88.4 million. For an equivalent period of 2020, the operating expenses stood at $35.2 million. The net loss bore by the company during the quarter was $14 million, while during the equivalent period of 2020, the net income stood at $17.3 million. The basic and diluted loss per share for the quarter stood at $0.08 per share. For an equivalent period of 2020, the net income for a basic and diluted share was $0.09 per share. On 30th June, the company had cash and cash equivalents of $365.38 million. The total assets stood at $763.82 million.
What lies next for VZIO?
In the recent past, i.e. last one week, VZIO stock has increased by a modest 2.52%. The 52 week high of VZIO is $28.80, while 52 week low is $17.25. The analysts estimate that VZIO stock EPS would increase by 345% during the current fiscal year, and 148% during the next fiscal. So, investors should keep a close eye on VZIO stock in the next few months.