VirTra Q1 revenue up 52% to $6.8M; net income $577K; backlog $21.0M

VirTra, Inc

2022-Q2 EPS reported $0.13 revenue$14,750,611

Total revenue $6.8M (+52% YoY); gross profit $3.7M (+44%); net income $577K ($0.05 diluted EPS).
Adjusted EBITDA $997K (+33% YoY); backlog $21.0M (+30% YoY), down from $23.1M in Q4 2021.
Cash and cash equivalents $15.7M at March 31, 2022; working capital surplus $25.9M.
Received first order for multiple systems under standing offer from Government of Canada.
Second quarter 2022 results to be reported on August 19, 2022 before market open.

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