---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-021096"
form_type: "8-K"
ticker: "VTSI"
cik: "0001085243"
company_name: "VirTra, Inc"
filed_at: "2022-08-03T23:59:59+00:00"
generated_at: "2026-06-24T04:49:52.440883+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# VirTra reports 28% revenue growth to $24.4M in FY2021; backlog record $23.1M; gross margin falls to 46.7%

## Summary
- Full-year 2021 revenue $24.4M (+28% YoY); bookings $32.9M (+44%); record backlog $23.1M (+58%).
- Net income $2.5M ($0.25 diluted EPS) vs $1.5M ($0.19) in 2020; adjusted EBITDA $2.1M vs $2.8M.
- Q4 2021 revenue $8.6M (+32% YoY) but net income only $13k; adjusted EBITDA loss of $220k.
- Gross margin declined to 46.7% (FY) and 32.7% (Q4) due to lower-margin military contract and cost inflation.
- Audited results delayed; expects to file Q1 2022 on Aug 11 and Q2 2022 on Aug 19, 2022.

## SEC filing metadata
- accession: 0001493152-22-021096
- form_type: 8-K
- ticker: VTSI
- cik: 0001085243
- company_name: VirTra, Inc
- filed_at: 2022-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1085243/000149315222021096/0001493152-22-021096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085243/000149315222021096/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-021096
- JSON: https://secwatch.observer/filing/0001493152-22-021096.json
- Plain text: https://secwatch.observer/filing/0001493152-22-021096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.