<span item_type="fundamental" item_id="236f442842bf04f7051e172016477ff1" counter_id="ST/US/VIRC" env="prod"></span><span item_type="announcement" item_id="591496619161884161" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 47.64 M, missing the estimate of USD 85.9 M.</p><p>EPS: As of FY2026 Q3, the actual value is USD -0.08.</p><p>EBIT: As of FY2026 Q3, the actual value is USD -1.653 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Revenue for the third quarter was $47.6 million, a decrease from $82.6 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>Revenue through nine months was $173.5 million, down 27.0% from $237.8 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Net loss for the third quarter was $1.3 million, compared to a net profit of $8.4 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>Net income through nine months was $9.6 million, down from $27.4 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>Gross profit for the third quarter was $18.1 million, with a gross margin of 38.0%, compared to $36.7 million and a gross margin of 44.4% last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>Gross profit through nine months was $75.0 million, or 43.2% of sales, compared to $107.2 million or 45.1% of sales last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>Selling, General, and Administrative Expenses (SG&amp;A) for the third quarter were $19.8 million, or 41.5% of sales, compared to $25.6 million or 30.9% of sales last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>SG&amp;A through nine months was $61.4 million, or 35.4% of sales, compared to $71.3 million or 30.0% of sales last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash and cash equivalents as of October 31, 2025, were $26.5 million, compared to $26.9 million as of January 31, 2025, and $38.9 million as of October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The current ratio improved to 3.98, indicating enhanced liquidity.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>The backlog of orders pulled nearly even on a year-over-year basis as order rates began to stabilize.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Management does not provide specific guidance but notes early indications of demand stabilization at pre-pandemic levels.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>The company anticipates a potential recovery similar to post-pandemic patterns, albeit at a lower magnitude.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li><li>Management is actively exploring opportunities in adjacent public and private markets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/751365/000162828025055828/exhibit991q310312025pressr.htm"></span></li></ul>

Virco Manufacturing | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 47.64 M