8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 13, 2007

VIDEO DISPLAY CORPORATION

(Exact name of registrant as specified in its charter)

Georgia	0-13394	58-1217564
(State of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1868 Tucker Industrial Road
Tucker, Georgia		30084
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number, including area code: (770) 938-2080

Not Applicable
(Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

     On June 13, 2007, Video Display Corporation issued a press release announcing the results of operations for the fiscal year ended February 28, 2007. A copy of the release is included as exhibit 99.1 of this form 8-K and is included herein by reference.

     The information in this Item 2.02 of this Form 8-K, including Exhibit 99.1 attached, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. The information in this Current Report shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

     (c) Exhibits

Exhibit
Number	Description of Exhibit
99.1	Press Release of Video Display Corporation, Dated June 13, 2007.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 13, 2007	VIDEO DISPLAY CORPORATION
		By:	/s/ Ronald D. Ordway
			Ronald D. Ordway Chief Executive Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Video Display Releases Results of Operations for Fiscal 2007

ATLANTA — June 13, 2007 — Video Display Corporation (NASDAQ:VIDE) today reported that revenues for the fourth quarter of fiscal 2007 ended February 28, 2007 increased by $0.8 million or 3.8% over the fourth quarter of fiscal 2006 to $21.2 million. The Company reports a net profit of $0.46 million, or $0.04 per fully diluted share, for the fourth quarter ended February 28, 2007 compared to a net loss of $1.5 million, or ($.15) per fully diluted share, for the fourth quarter ended February 28, 2006.

Revenues for the fiscal year ended February 28, 2007 decreased $1.9 million or 2.3% from the fiscal year ended February 28, 2006. Net income was $1.6 million, or $.16 per fully diluted share, for the fiscal year ended February 28, 2007 compared to $.4 million, or $.04 per fully diluted share, for the fiscal year ended February 28, 2006.

Company CEO, Ron Ordway, stated, “With net earnings increasing by a multiple of 4 times, fiscal 2007 was a very successful turn-around year for profits at VDC versus a difficult prior year. Coupled with strong cash flow and substantial debt reduction in fiscal 2007, the Company is projecting additional earnings gains for fiscal 2008.” He further stated, “Management’s goal for fiscal 2008 is to continue the consolidation and possible disposal of any existing operations that have shown both weak performance for this past year and little probability of growth in revenues and profits for the current year. We intend to allocate our resources to those areas of highest potential for growth and profit in an effort to further streamline VDC’s business and operations. With a strong fiscal 2007 having met most Company expectations, fiscal 2008 is projected to continue with the same performance toward higher levels of profitability”.

Video Display Corporation designs, develops and manufactures unique solutions for display requirements for military, medical and industrial use with emphasis on high end training and simulation applications. Its product offerings include ruggedized AMLCD and CRT displays as well as complete projection systems utilizing VDC’s Marquee™ and ESCP line of projectors. Video Display Corporation operates eight display design and manufacturing plants with additional sales facilities throughout the United States and Europe. For more information, visit the Company’s web site at www.videodisplay.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Video Display Corporation or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including items discussed in the Company’s Form 10-K for the year ended February 28, 2007, filed with the Securities and Exchange Commission. The Company

undertakes no duty to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

Video Display Corporation and Subsidiaries
Consolidated Statements of Income (unaudited)
(in thousands, except per share data)

	Fourth Quarter Ended						Fiscal Year Ended
	February 28,						February 28,
	2007			2006			2007			2006
Net sales	$	21,211		$	20,428		$	81,939		$	83,878
Cost of goods sold		13,978			16,511			54,347			59,376
Gross profit		7,233			3,917			27,592			24,502
Operating expenses
Selling and delivery		2,027			1,709			7,880			7,235
General and administrative		3,936			4,220			14,860			15,125
		5,963			5,929			22,740			22,360
Operating profit		1,270			(2,012	)		4,852			2,142
Other income (expense)
Interest expense		(436	)		(446	)		(2,086	)		(1,474	)
Other, net		3			(4	)		17			82
		(433	)		(450	)		(2,069	)		(1,392	)
Income before income taxes		837			(2,462	)		2,783			750
Income tax expense		(380	)		(930	)		1,160			305
Net income	$	457		$	(1,532	)	$	1,623		$	445
Basic earnings per share of common stock	$	.05		$	(.16	)	$	.17		$	.05
Diluted earnings per share of common stock	$	.04		$	(.15	)	$	.16		$	.04
Basic weighted average shares outstanding		9,615			9,653			9,648			9,684
Diluted weighted average shares outstanding		9,778			9,897			9,838			9,964

CONTACT: Video Display Corporation Ronald D. Ordway, 770/938-2080