---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-016800"
form_type: "8-K"
ticker: "VIRC"
cik: "0000751365"
company_name: "VIRCO MFG CORPORATION"
filed_at: "2022-06-10T23:59:59+00:00"
generated_at: "2026-06-25T02:58:17.361305+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Virco Q1 revenue up 13% to $32.1M; backlog hits record $144.4M; net loss widens to $0.32/sh

## Summary
- Net sales $32.1M (+13% YoY); net loss $5.1M ($0.32/sh) vs $3.9M loss ($0.25/sh) prior year.
- Gross margin improved to 30.3% from 27.1%, helped by 45% increase in factory output.
- Shipments + Backlog at May 31, 2022 reached $144.4M, a record, up 35% YoY and 20% above prior record.
- Renegotiated public contracts for bi-annual price adjustments to offset inflation; expects positive margin impact.
- Increased legal expenses for IP enforcement and special committee related to rejected acquisition proposal.

## SEC filing metadata
- accession: 0001628280-22-016800
- form_type: 8-K
- ticker: VIRC
- cik: 0000751365
- company_name: VIRCO MFG CORPORATION
- filed_at: 2022-06-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751365/000162828022016800/0001628280-22-016800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751365/000162828022016800/virc-20220610.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-016800
- JSON: https://secwatch.observer/filing/0001628280-22-016800.json
- Plain text: https://secwatch.observer/filing/0001628280-22-016800.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.