V2X, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 29, 2023
November 06, 2023 at 07:30 am EST
Share
V2X, Inc. reported earnings results for the third quarter and nine months ended September 29, 2023. For the third quarter, the company reported sales was USD 1,001.51 million compared to USD 958.16 million a year ago. Net loss was USD 6.4 million compared to USD 17.04 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to USD 0.57 a year ago.
For the nine months, sales was USD 2,922.82 million compared to USD 1,912.69 million a year ago. Net loss was USD 22.08 million compared to USD 3.71 million a year ago. Basic loss per share from continuing operations was USD 0.71 compared to USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 0.71 compared to USD 0.21 a year ago.
V2X, Inc. builds smart solutions designed to integrate physical and digital infrastructure. The Company provides critical mission solutions primarily to defense clients in around 322 locations and 51 countries and territories worldwide. It delivers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian and international clients. Its aerospace solutions provide the engineering, facilities, and skilled employees required to sustain systems and platforms. Its technology solutions include capabilities, such as the deployment, integration, and maintenance of sensors and solutions, as well as the operation of complex systems in austere locations. Its operations and logistics capabilities provide government clients with full spectrum support for logistics, infrastructure sustainment and contingency operations, wherever needed. Its training solutions deliver full life cycle training solutions.