Video Display Corp Reports Net Loss of $96 Thousand for the 6 Months Ended August 31, 2023

VIDEO DISPLAY CORP [VIDE], a leading provider of display solutions, has reported a net loss of $96 thousand for the 6 months ended August 31, 2023. The company generated quarterly revenue of $2.4 million during the same period.

Financial Performance

Despite the net loss, Video Display Corp has shown stability in its financial performance. The company reported a gross profit of $588 thousand, resulting in a gross profit margin of 24.8%. Operating expenses totaled $959 thousand, including selling and delivery expenses of $149 thousand and general and administrative expenses of $810 thousand. As a result, the company recorded an operating loss of $371 thousand.