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VIRCO MFG CORPORATION

For the period ended Apr 30, 2024. Filed Jun 7, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Apr 30, 2024 · Filed Jun 7, 2024

VIRC$6.20+3.9%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended April 30, 2024

OR

☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission File number 1-8777

VIRCO MFG. CORPORATION(Exact Name of Registrant as Specified in its Charter)

Delaware95-1613718
(State or Other Jurisdiction ofIncorporation or Organization)(I.R.S. EmployerIdentification No.)
2027 Harpers Way, Torrance, CA90501
(Address of Principal Executive Offices)(Zip Code)

Registrant’s Telephone Number, Including Area Code: (310)533-0474

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $0.01 par value per shareVIRCThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý No¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.:

Large accelerated filer☐Accelerated filer☐
Non-accelerated filerýSmaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ Noý

The number of shares outstanding for each of the registrant’s classes of common stock, as of the latest practicable date:

Common Stock, $.01 par value —16,207,612 shares as of June 7, 2024.

TABLE OF CONTENTS

Part I. Financial Information3
Item 1. Financial Statements3
Unaudited condensed consolidated balance sheets - April 30, 2024, January 31, 2024 and April 30, 20233
Unaudited condensed consolidated statements of operations - Three months ended April 30, 2024 and 20235
Unaudited condensed consolidated statements of comprehensive income (loss) - Three months ended April 30, 2024 and 20236
Unaudited condensed consolidated statements of cash flows - Three months ended April 30, 2024 and 20237
Unaudited condensed consolidated statements of changes in stockholders' equity - Three months ended April 30, 2024 and 20238
Notes to unaudited condensed consolidated financial statements - April 30, 20249
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations17
Item 3. Quantitative and Qualitative Disclosures about Market Risk19
Item 4. Controls and Procedures19
Part II. Other Information20
Item 1. Legal Proceedings20
Item 1A. Risk Factors20
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities20
Item 3. Defaults Upon Senior Securities20
Item 4. Mine Safety Disclosures20
Item 5. Other Information21
Item 6. Exhibits21
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.