other material
confidence high
sentiment neutral
materiality 0.70
VirTra reports record 2021 orders of $32.7M, up 37% YoY; delays 10-K filing due to ERP audit issues
VirTra, Inc
- Sales orders received in 2021 total record $32.7M, a 37% increase from 2020.
- Estimated cash and cash equivalents at Dec 31, 2021: $19.7M.
- Awarded standing offer from Government of Canada; secured $2.7M follow-on orders from two foreign countries.
- Formed teaming agreement with Action Target for simulation and live-fire solutions.
- Company delayed 10-K filing; cites integration of new ERP system and audit completion delays.