{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-014118","form_type":"8-K","ticker":"VIRC","cik":"0000751365","company_name":"VIRCO MFG CORPORATION","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.157129+00:00","generated_at":"2026-06-16T07:04:41.974437+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Virco reports FY 2023 revenue up 25% to $231.1M; operating income of $10.8M vs loss year ago","bullets":["FY 2023 net sales $231.1M (+25% YoY from $184.8M); gross margin expanded to 36.9% from 33.0%.","Operating income $10.8M vs operating loss of $0.3M in prior year; reversed deferred tax asset valuation allowance for $8.5M non-cash benefit.","Q4 revenue $38.8M (down from $40.1M) but gross margin improved to 33.5% from 26.5%.","As of March 31, 2023, year-to-date 'shipments plus backlog' hit record $106.9M, up 25.7%.","Management cites post-pandemic recovery, reshoring trend, and strong order flows for continued profitability."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-014118","json":"https://secwatch.observer/filing/0001628280-23-014118.json","markdown":"https://secwatch.observer/filing/0001628280-23-014118.md","text":"https://secwatch.observer/filing/0001628280-23-014118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/0001628280-23-014118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/virc-20230428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T07:04:41.974437+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"69ff4625834620e0c089a8bf8d78f5f248253fc3","claim":"VIRCO MFG CORPORATION reported the fiscal year ended January 31, 2023 results: revenue $231.1 million.","evidence_excerpt":"Net sales for the full fiscal year ended January 31, 2023 was $231.1 million, a 25.0% increase from $184.8 million in the prior fiscal year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/0001628280-23-014118-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended January 31, 2023"},{"label":"Revenue","value":"$231.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7d125df4962c6853c96f7a79da6a5412ce98b5bd","claim":"VIRCO MFG CORPORATION reported the fourth quarter ended January 31, 2023 results: revenue $38.8 million.","evidence_excerpt":"Net revenue in the Company’s seasonally light fourth quarter declined to $38.8 million compared to $40.1 million in the same period last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751365/000162828023014118/0001628280-23-014118-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended January 31, 2023"},{"label":"Revenue","value":"$38.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}