Virco Q4 revenue +119% to $40.1M but pre-tax loss $5.2M; record backlog; credit facility extended

VIRCO MFG CORPORATION

Preliminary Q4 net sales $40.1M (+119% YoY); FY net sales $184.8M (+21% YoY).
Q4 pre-tax loss $5.2M vs $6.5M loss prior year; FY pre-tax loss $3.7M vs $3.0M loss.
Q4 gross margin improved to 26.5% from 24.8%; FY margin fell to 33.0% from 36.0%.
Record backlog: Shipments+Backlog at $85.1M on Mar 31, 2022, up 63% YoY; orders accelerated.
Extended credit facility to $70M, maturity to April 2027; waived Jan 2022 covenant violation.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.