$VVX
V2X, Inc. Stock $vvx

$vvx Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000160154824000017 Filed on August 06, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$1.082B	$1.072B
YoY Change	8.0%	9.65%
Cost Of Revenue	$990.2M	$998.3M
YoY Change	6.38%	12.12%
Gross Profit	$91.44M	$73.84M
YoY Change	29.37%	-15.52%
Gross Profit Margin	8.45%	6.89%
Selling, General & Admin	$41.55M	$46.41M
YoY Change	-16.3%	-12.65%
% of Gross Profit	45.44%	62.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$28.49M	$29.50M
YoY Change	2.47%	3.44%
% of Gross Profit	31.15%	39.95%
Operating Expenses	$41.55M	$46.41M
YoY Change	-16.3%	-12.65%
Operating Profit	$49.89M	$27.43M
YoY Change	137.12%	-19.97%
Interest Expense	-$27.15M	-$28.81M
YoY Change	-10.25%	-9.84%
% of Operating Profit	-54.43%	-105.04%
Other Income/Expense, Net	-$3.198M	-$2.535M
YoY Change	-258.0%	-915.11%
Pretax Income	$19.54M	-$8.114M
YoY Change	-273.86%	-503.88%
Income Tax	$4.486M	-$1.600M
% Of Pretax Income	22.96%
Net Earnings	$15.05M	-$6.544M
YoY Change	-335.17%	-463.76%
Net Earnings / Revenue	1.39%	-0.61%
Basic Earnings Per Share	$0.48	-$0.21
Diluted Earnings Per Share	$0.47	-$0.21
COMMON SHARES
Basic Shares Outstanding	31.56M shares	31.46M shares
Diluted Shares Outstanding	31.97M shares	31.47M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$57.76M	$42.67M
YoY Change	-26.24%	-39.32%
Cash & Equivalents	$59.90M	$44.80M
Short-Term Investments
Other Short-Term Assets	$49.82M	$32.93M
YoY Change	153.86%	37.74%
Inventory	$49.71M	$46.58M
Prepaid Expenses	$44.41M	$58.85M
Receivables	$746.0M	$774.9M
Other Receivables	$20.39M	$7.002M
Total Short-Term Assets	$982.3M	$976.6M
YoY Change	9.87%	6.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$65.75M	$70.27M
YoY Change	-20.7%	-14.61%
Goodwill	$1.653B	$1.656B
YoY Change	-0.25%	-0.06%
Intangibles	$345.7M	$367.1M
YoY Change	-19.63%	-18.91%
Long-Term Investments	$8.700M	$6.700M
YoY Change	97.73%	6.35%
Other Assets	$46.12M	$45.72M
YoY Change	138.45%	105.52%
Total Long-Term Assets	$2.144B	$2.175B
YoY Change	-3.97%	-3.79%
TOTAL ASSETS
Total Short-Term Assets	$982.3M	$976.6M
Total Long-Term Assets	$2.144B	$2.175B
Total Assets	$3.126B	$3.151B
YoY Change	-0.01%	-0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$538.2M	$462.5M
YoY Change	23.01%	11.06%
Accrued Expenses	$235.4M	$242.4M
YoY Change	-1.06%	-5.09%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$16.88M	$16.88M
YoY Change	8.89%	8.89%
Total Short-Term Liabilities	$906.1M	$888.2M
YoY Change	9.12%	6.71%
LONG-TERM LIABILITIES
Long-Term Debt	$1.097B	$1.142B
YoY Change	-4.88%	-4.07%
Other Long-Term Liabilities	$78.73M	$86.62M
YoY Change	-28.28%	-24.29%
Total Long-Term Liabilities	$1.217B	$1.271B
YoY Change	-6.85%	-6.1%
TOTAL LIABILITIES
Total Short-Term Liabilities	$906.1M	$888.2M
Total Long-Term Liabilities	$1.217B	$1.271B
Total Liabilities	$2.124B	$2.159B
YoY Change	-0.65%	-1.22%
SHAREHOLDERS EQUITY
Retained Earnings	$240.5M	$225.5M
YoY Change	3.96%	-5.17%
Common Stock	$316.0K	$315.0K
YoY Change	1.28%	1.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.003B	$992.0M
YoY Change
Total Liabilities & Shareholders Equity	$3.126B	$3.151B
YoY Change	-0.01%	-0.87%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$15.05M	-$6.544M
YoY Change	-335.17%	-463.76%
Depreciation, Depletion And Amortization	$28.49M	$29.50M
YoY Change	2.47%	3.44%
Cash From Operating Activities	$62.65M	$25.68M
YoY Change	9.73%	-77.99%
INVESTING ACTIVITIES
Capital Expenditures	$2.189M	$736.0K
YoY Change	-57.08%	-70.17%
Acquisitions
YoY Change
Other Investing Activities	$3.000K	$6.000K
YoY Change	-99.67%	20.0%
Cash From Investing Activities	-$2.186M	-$730.0K
YoY Change	-47.95%	-70.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-48.26M	-14.94M
YoY Change	14.64%	-85.87%
NET CHANGE
Cash From Operating Activities	62.65M	25.68M
Cash From Investing Activities	-2.186M	-730.0K
Cash From Financing Activities	-48.26M	-14.94M
Net Change In Cash	12.20M	10.01M
YoY Change	13.0%	17.98%
FREE CASH FLOW
Cash From Operating Activities	$62.65M	$25.68M
Capital Expenditures	$2.189M	$736.0K
Free Cash Flow	$60.47M	$24.94M
YoY Change	16.28%	-78.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	1799000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-5400000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-15681000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31470000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31033000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31411000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	30981000	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	18000	shares
	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	554000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31470000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31605000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31411000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30981000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.21
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.17
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.51
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.21
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.17
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.51
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	11000	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	58000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2000	shares
	vec	Number Of Defined Contribution Plan NumberOfDefinedContributionPlan	2	plan
CY2024Q2	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	4800000	usd
CY2023Q4	us-gaap	Deferred Compensation Plan Assets DeferredCompensationPlanAssets	3200000	usd
CY2024Q2	us-gaap	Multiemployer Plan Employer Contribution Cost MultiemployerPlanEmployerContributionCost	4400000	usd
	us-gaap	Multiemployer Plan Employer Contribution Cost MultiemployerPlanEmployerContributionCost	9400000	usd
CY2023Q2	us-gaap	Multiemployer Plan Employer Contribution Cost MultiemployerPlanEmployerContributionCost	4900000	usd
	us-gaap	Multiemployer Plan Employer Contribution Cost MultiemployerPlanEmployerContributionCost	8200000	usd
CY2023Q3	vec	Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability	200000000	usd
CY2023Q4	vec	Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability	72715000	usd
CY2022Q4	vec	Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability	0	usd
	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	1376696000	usd
	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	112996000	usd
CY2024Q2	vec	Transfer Of Financial Assets Accounted For As Sales Cash Collected TransferOfFinancialAssetsAccountedForAsSalesCashCollected	1254816000	usd
CY2023Q2	vec	Transfer Of Financial Assets Accounted For As Sales Cash Collected TransferOfFinancialAssetsAccountedForAsSalesCashCollected	0	usd
CY2024Q2	vec	Transfer Of Financial Assets Accounted For As Sales Sales Collected And Remitted TransferOfFinancialAssetsAccountedForAsSalesSalesCollectedAndRemitted	194595000	usd
CY2023Q2	vec	Transfer Of Financial Assets Accounted For As Sales Sales Collected And Remitted TransferOfFinancialAssetsAccountedForAsSalesSalesCollectedAndRemitted	112996000	usd
CY2024Q2	vec	Transfer Of Financial Assets Accounted For As Sales Sales Collected But Not Yet Remitted TransferOfFinancialAssetsAccountedForAsSalesSalesCollectedButNotYetRemitted	46854000	usd
CY2023Q2	vec	Transfer Of Financial Assets Accounted For As Sales Sales Collected But Not Yet Remitted TransferOfFinancialAssetsAccountedForAsSalesSalesCollectedButNotYetRemitted	69706000	usd
CY2024Q2	vec	Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability	147741000	usd
CY2023Q2	vec	Transfers Of Financial Assets Accounted For As Sale Securitization Facility Availability TransfersOfFinancialAssetsAccountedForAsSaleSecuritizationFacilityAvailability	43290000	usd
CY2024Q2	vec	Transfer Of Financial Assets Accounted For As Sales Sales Collected And Remitted From Operating Activities TransferOfFinancialAssetsAccountedForAsSalesSalesCollectedAndRemittedFromOperatingActivities	121900000	usd
	vec	Transfer Of Financial Assets Accounted For As Sales Purchase Discount Fees TransferOfFinancialAssetsAccountedForAsSalesPurchaseDiscountFees	4200000	usd
	vec	Transfer Of Financial Assets Accounted For As Sales Purchase Discount Fees TransferOfFinancialAssetsAccountedForAsSalesPurchaseDiscountFees	200000	usd

Files In Submission

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0001601548-24-000017-index.html	Edgar Link	pending
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ex102v2xindemnificationagr.htm	Edgar Link	pending
ex103cp-separationagreemen.htm	Edgar Link	pending
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ex312cfocert6282024.htm	Edgar Link	pending
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ex322cfocert6282024.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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report.css	Edgar Link	pending
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vec-20240628.htm	Edgar Link	pending
vec-20240628.xsd	Edgar Link	pending
vec-20240628_cal.xml	Edgar Link	unprocessable
vec-20240628_lab.xml	Edgar Link	unprocessable
vec-20240628_def.xml	Edgar Link	unprocessable
vec-20240628_pre.xml	Edgar Link	unprocessable
vec-20240628_htm.xml	Edgar Link	completed

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$VVX
V2X, Inc. Stock $vvx

2024 Q3 Form 10-Q Financial Statement

#000160154824000017 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VVX V2X, Inc. Stock $vvx

2024 Q3 Form 10-Q Financial Statement

#000160154824000017 Filed on August 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VVX
V2X, Inc. Stock $vvx