secwatch.observer — SEC 8-K summary
======================================

Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0001493152-21-028778
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra Q3 net income $1.3M; record backlog $21.7M; $24.5M DHS contract awarded
------------------------------------------------------------------------------

- Net income of $1.3M ($0.12 diluted EPS) vs $0.9M ($0.11) in Q3 2020; includes $1.3M PPP loan forgiveness gain.
- Q3 revenue $6.1M (-5% YoY); YTD revenue $15.8M (+26%). Backlog hit record $21.7M (+51% YoY).
- Awarded $24.5M DHS IDIQ contract for CBP with $1.4M initial order; two international contracts totaling $2.7M.
- Adjusted EBITDA $520K vs $1.6M in Q3 2020; gross margin 47.2% (down from 61.9%) due to inventory reserve scaling.
- Cash and equivalents $21.5M; no guidance change. Manufacturing expansion with purchase of Chandler, AZ building.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221028778/0001493152-21-028778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315221028778/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-028778

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer