Virco Mfg. Reports $2.78M Net Loss in Q1 FY2027, Revenue Down 9.1%
VIRC is trading near its 52-week low of $5.155 (6.7% above the low).
Summary
Virco Mfg. Corporation reported a net loss of $2.78 million, or ($0.18) diluted EPS, for the first quarter of fiscal 2027, a significant reversal from a $0.73 million net income in the prior-year quarter. Revenue declined 9.1% year-over-year to $30.69 million. This follows the 10-Q filing minutes earlier today, which detailed the same financial results, and continues a trend of declining performance seen in fiscal 2026. The substantial net loss and revenue decline indicate worsening financial performance and liquidity challenges, driven by softer demand and persistent input cost pressures. The company is moderating production to reduce inventory and improve operating cash flow.
At the time of this announcement, VIRC was trading at $5.50 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $86.5M. The 52-week trading range was $5.16 to $9.09. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.