secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001493152-22-021096
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315222021096/0001493152-22-021096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315222021096/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-021096

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