Vizio Had 15% Unit-Sales Q3 Jump in TV Business, SEC Filings Show
​Vizio sold nearly 2.1 million TVs in Q3, a 15 percent increase from the same 2014 quarter, according to our comparative analysis of the company’s second and third amendments to its S-1 initial public offering registration statement filed at the…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
SEC. Vizio’s third S-1 amendment, filed Thursday, and the second, filed Sept. 28, break out sales not by quarters, but by 2015's first nine and six months, respectively, along with comparisons with 2014. Vizio filed the S-1 in late July for a long-expected initial public offering to raise $172.5 million to expand internationally and broaden its brand and strategic reach (see 1507260001). For Q3, Vizio had $859.5 million in sales, a 4.5 percent increase from Q3 a year earlier, the filings show. For the nine months ended Sept. 30, Vizio had a 9.4 percent net profit increase to $44.3 million from the same period a year earlier, on a 6 percent sales increase to $2.2 billion, they show. No quarterly net-profit breakdown is disclosed in the filings, but sequentially, Vizio’s $44.3 million net profit for the nine months ended Sept. 30 was 13 percent lower than $50.8 million for the six months ended June 30, the filings show. Vizio cumulatively sold 17.4 million smart TVs through Sept. 30, up from 11.6 million sold through Sept. 30 a year earlier, the latest S-1 amendment shows. Citing NPD data, Vizio in its various filings has claimed to have 35 percent share of the smart TV market, based on NPD rules that define a smart HDTV set as having connectivity apps included and a display resolution of 1336 x 768 or higher.