Viewsonic Corporation Reports Financial Results For The Year Ended December 31, 2006

Viewsonic Corporation Reports Financial Results For The Year Ended December 31, 2006

ViewSonic® Corporation, a worldwide leader in display products, today announced its financial results for the year and quarter ended December 31, 2006. For the year ended December 31, 2006, net sales were $1.6 billion, a record for the company and an increase of 32.4% over the $1.2 billion reported for 2005. The increase in net sales was primarily driven by growth in unit sales of LCD, LCD TV and projector products.

Net income was $24.2 million for 2006 compared to an $8.3 million loss for 2005. The increase in net income was primarily the result of the increase in net sales, increased leverage in selling, general and administrative expenses, which were 7.6% of net sales for 2006 compared to 8.8% of net sales for 2005, and foreign currency translation gains of $5.2 million in 2006 compared to foreign currency translation losses of $4.7 million in 2005. In addition, 2005 included a non-cash charge of $12.3 million to establish a valuation allowance against net deferred tax assets in the United States.

For the quarter ended December 31, 2006, net sales were $456.6 million, an increase of 40.5% over the $325.0 million reported for the fourth quarter of 2005. Net income was $9.5 million for the fourth quarter of 2006 compared to $5.9 million in the fourth quarter of 2005. “The implementation of key initiatives to improve our efficiency, simplify our business processes and expand core product offerings has continued to positively impact our growth and profitability,” said James Chu, chairman and CEO of ViewSonic Corporation.

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