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VIRCO MFG CORPORATION

For the period ended Oct 31, 2024. Filed Dec 9, 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.

Oct 31, 2024 · Filed Dec 9, 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 October 31, 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 —16,289,406 shares as of November 30, 2024.

TABLE OF CONTENTS

Part I. Financial Information3
Item 1. Financial Statements3
Unaudited condensed consolidated balance sheets - October 31, 2024, January 31, 2024 and October 31, 20233
Unaudited condensed consolidated statements of income - Three months ended October 31, 2024 and 20235
Unaudited condensed consolidated statements of income - Nine months ended October 31, 2024 and 20236
Unaudited condensed consolidated statements of comprehensive income - Three months ended October 31, 2024 and 20237
Unaudited condensed consolidated statements of comprehensive income - Nine months ended October 31, 2024 and 20238
Unaudited condensed consolidated statements of cash flows - Nine months ended October 31, 2024 and 20239
Unaudited condensed consolidated statements of changes in stockholders' equity - Three months and Nine months ended October 31, 2024 and 202310
Notes to unaudited condensed consolidated financial statements - October 31, 202412
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20
Item 3. Quantitative and Qualitative Disclosures about Market Risk22
Item 4. Controls and Procedures22
Part II. Other Information24
Item 1. Legal Proceedings24
Item 1A. Risk Factors24
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities24
Item 3. Defaults Upon Senior Securities24
Item 4. Mine Safety Disclosures24
Item 5. Other Information25
Item 6. Exhibits25
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.