Roku falls Badly

Roku falls

As of 10 March, Roku had total cash and cash equivalents of about US $1.9 billion. Roku added that about $487 million is held at SVB, while the remaining ~$1.4 billion is "spread across several large financial institutions"

"The company's deposits with the SVB are largely uninsured. At this stage, the company does not know to what extent it will be able to recover its deposits with the SVB," Roku said in a statement.

"Notwithstanding the closure of SVB, the company continues to believe that its existing cash and cash flow from operations will be sufficient to meet its working capital, capital expenditure and material cash requirements under its known contractual obligations for the next twelve months and beyond," it added.