In the Q2, Virco Mfg Corporation's corporate clients experienced a reduction by -7.48 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -7.9 %. During the corresponding time, Virco Mfg Corporation saw a revenue deteriorated by -4.8 % year on year, sequentially revenue grew by 194.55 %. While revenue at the Virco Mfg Corporation's corporate clients recorded rose by 7.6 % year on year, sequentially revenue grew by 8.19 %.
Customers of Virco Mfg Corporation saw their costs of revenue decrease by -7.48 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -7.9 %, for the same period Virco Mfg Corporation revnue deteriorated by -4.8 % year on year, sequentially revenue grew by 194.55 %.
Virco Mfg's Comment on Sales, Marketing and Customers
Virco Mfg. Corporation serves the preschool through 12th grade market in the United States, including public and private schools, as well as junior and community colleges, four-year colleges and universities, and trade, technical, and vocational schools. The company also supplies furniture and equipment to convention centers, arenas, the hospitality industry, government facilities at federal, state, county, and municipal levels, and places of worship. Virco sells to wholesalers, distributors, traditional retailers, and catalog retailers serving these markets. The company supports its sales with interior designers, CAD layout specialists, and project management specialists utilizing proprietary PlanSCAPE® software. Virco manufactures a wide range of educational furniture and has collaborated with designers Peter Glass and Bob Mills to develop various product lines.
Virco Mfg’s Comment on Sales, Marketing and Customers
Virco Mfg. Corporation serves the preschool through 12th grade market in the United States, including public and private schools, as well as junior and community colleges, four-year colleges and universities, and trade, technical, and vocational schools. The company also supplies furniture and equipment to convention centers, arenas, the hospitality industry, government facilities at federal, state, county, and municipal levels, and places of worship. Virco sells to wholesalers, distributors, traditional retailers, and catalog retailers serving these markets. The company supports its sales with interior designers, CAD layout specialists, and project management specialists utilizing proprietary PlanSCAPE® software. Virco manufactures a wide range of educational furniture and has collaborated with designers Peter Glass and Bob Mills to develop various product lines.
Sources:
Virco Mfg Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Virco Mfg Corporation’s corporate clients.
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