原文標題： Roku discloses it has $487 million in deposits at
failed Silicon Valley Bank. That’s 26% of its cash.
原文連結： https://yhoo.it/3ZG30nK
發布時間： Sat, March 11, 2023 at 7:13 AM GMT+8
記者署名： Lakshmi Varanasi
原文內容：
Streaming company Roku disclosed Friday that it had $487 million
parked in now-failed Silicon Valley Bank— that's 26% of the company's cash.
The disclosure only adds to the alarm surrounding tech companies that do
business with SVB after regulators shut down Silicon Valley Bank on Friday,
marking it as the largest bank failure in the US since the 2008 recession.
Roku said in its disclosure to the SEC that approximately 26% of the $1.9
billion in total cash and cash equivalents it has as of Friday were held at
SVB.
According to the FDIC's statement, when the bank opens on Monday, March 13,
all insured depositors will have access to their insured deposits. However,
Roku noted in the filing that its deposits with SVB are largely uninsured.
"At this time, the Company does not know to what extent the Company will be
able to recover its cash on deposit at SVB," Roku said in the filing.
Still Roku said in the filing that its "existing cash and cash equivalents
balance and cash flow from operations will be sufficient to meet its working
capital, capital expenditures, and material cash requirements from known
contractual obligations for the next twelve months and beyond."
Roku's remaining $1.4 billion in cash and cash equivalents have been
distributed across "multiple large financial institutions" the company
said in the filing.
The company's stock has dropped almost 4% in recent after-hours trading,
according to Yahoo Finance.
A spokesperson for Roku told Insider by email, "As stated in our 8-K,
we expect that Roku's ability to operate and meet its contractual obligations
will not be impacted and we continue to have access to $1.4 billion in cash
and cash equivalents which are distributed across multiple,
large financial institutions."
心得/評論：
Roku 給 SEC 的原始 8-K 文件連結: https://bit.ly/3mLihp3
他們說有 26% 現金受到 SIV 影響。不過目前剩餘的現金和後續收入
能支撐公司營運一年以上沒問題。
看來 Roku 還撐得過，但下一張骨牌要出現了嗎?
--
failed Silicon Valley Bank. That’s 26% of its cash.
原文連結： https://yhoo.it/3ZG30nK
發布時間： Sat, March 11, 2023 at 7:13 AM GMT+8
記者署名： Lakshmi Varanasi
原文內容：
Streaming company Roku disclosed Friday that it had $487 million
parked in now-failed Silicon Valley Bank— that's 26% of the company's cash.
The disclosure only adds to the alarm surrounding tech companies that do
business with SVB after regulators shut down Silicon Valley Bank on Friday,
marking it as the largest bank failure in the US since the 2008 recession.
Roku said in its disclosure to the SEC that approximately 26% of the $1.9
billion in total cash and cash equivalents it has as of Friday were held at
SVB.
According to the FDIC's statement, when the bank opens on Monday, March 13,
all insured depositors will have access to their insured deposits. However,
Roku noted in the filing that its deposits with SVB are largely uninsured.
"At this time, the Company does not know to what extent the Company will be
able to recover its cash on deposit at SVB," Roku said in the filing.
Still Roku said in the filing that its "existing cash and cash equivalents
balance and cash flow from operations will be sufficient to meet its working
capital, capital expenditures, and material cash requirements from known
contractual obligations for the next twelve months and beyond."
Roku's remaining $1.4 billion in cash and cash equivalents have been
distributed across "multiple large financial institutions" the company
said in the filing.
The company's stock has dropped almost 4% in recent after-hours trading,
according to Yahoo Finance.
A spokesperson for Roku told Insider by email, "As stated in our 8-K,
we expect that Roku's ability to operate and meet its contractual obligations
will not be impacted and we continue to have access to $1.4 billion in cash
and cash equivalents which are distributed across multiple,
large financial institutions."
心得/評論：
Roku 給 SEC 的原始 8-K 文件連結: https://bit.ly/3mLihp3
他們說有 26% 現金受到 SIV 影響。不過目前剩餘的現金和後續收入
能支撐公司營運一年以上沒問題。
看來 Roku 還撐得過，但下一張骨牌要出現了嗎?
--
All Comments