Virco Q2 revenue down 5% YoY; net income down 15.4%
Virco reported Q2 revenue fell 5% year-over-year to $87.5 million and net income fell 15.4%. Gross margin held at 40% and the current ratio was 2.5. Management expects limited full-year improvement due to seasonality and market uncertainties.
Second quarter revenue declined 5% year-over-year to $87.5 million, with net income down 15.4%.
Gross margin remained strong at 40%, and the current ratio is 2.5.
Management expects limited improvement for the full year due to seasonality and market uncertainties.Original document: Virco Manufactur…