VIRCO MFG CORPORATION
virco.comAI Executive Summary
AI-powered analysis of 10-Q filing content
Virco Manufacturing shows significant deterioration in Q1 2026 with revenue declining 9.1% year-over-year to $30.7M, swinging from $732K profit to $2.8M loss. Cash position weakened dramatically from $14.4M to $3.7M quarter-over-quarter, while inventory levels remain elevated at $68.3M versus $56.7M last quarter.
Red Flags Detected (6)
Cash burn accelerated - cash dropped 74% from $14.4M to $3.7M in one quarter
Operating loss widened dramatically from ($94K) to ($3.66M) year-over-year
Revenue declined 9.1% year-over-year despite seasonal business patterns
3 more red flags detected
Key Takeaways
Company faces immediate liquidity concerns with only $3.7M cash remaining
Educational furniture market appears to be experiencing headwinds
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.