Balance Sheet Highlights
Strong working capital position
- $139M in cash with no debt
- Accounts receivable DSO of 60 days
- Large unrealized gain of $39m in the investment in Phoenix
Investment in inventory for both front and rear projection to meet expected growth in second half demand
- Seasonally strongest part of the year
- Supports the launch the new ultra thin rear projection TV and thin displays
- Positioning for several large educational tenders
- First full retail holiday buying season
Tangible net worth position of $260M, approximately $6.60/sh