Mon, Feb 24, 9:10 PM (64 days ago)
**Summary of V2X, Inc. (VVX) 2024 Financial Performance** For the fiscal year ended December 31, 2024, V2X, Inc. reported total revenue of $4,322,155, a 9.1% increase from $3,963,126 in 2023. The net income was $34,684, compared to a loss of $22,573 in 2023, reflecting improved operational efficiency and reduced SG&A expenses, which decreased by 12.7% to $183,758. The operating income rose to $159,204, marking a 28% increase year-over-year. The company’s strategic focus remains on enhancing mission effectiveness and expanding into emerging markets, supported by a diverse service offering to U.S. government clients, particularly in defense. As of year-end 2024, total liabilities stood at $2,202,691, with significant debt obligations totaling approximately $1,138,833. Key risk factors include reliance on U.S. government contracts (96% of revenue), potential impacts from geopolitical tensions, and integration challenges following the merger with Vertex Aerospace. The company anticipates continued demand for its services, with a backlog of $12.5 billion, including $2.3 billion funded. Looking ahead, V2X aims to leverage its capabilities for sustained growth amidst evolving market conditions.