VirTra Q2 revenue up 52% to $8.0M; net income $787k; COO Burlend departs

VirTra, Inc

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

Total revenue $8.0M, up 52% YoY; net income $787k ($0.07 diluted EPS) vs $529k ($0.05) in Q2 2021.
Adjusted EBITDA $1.35M, up 34% YoY; backlog $16.5M at June 30, 2022.
Commercial market revenue $3.6M in Q2, exceeding full-year 2021 commercial revenue of $3.2M.
COO/Director Matt Burlend departed Aug 16, 2022; no replacement; board vacancy to be filled at next annual meeting.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Matt Burlend

Chief Operating Officer

VTSI · VirTra, Inc

Effective: 2022-08-16
Filed: August 19, 2022, 7:59 PM ET

Effective August 16, 2022, VirTra’s Chief Operating Officer, Vice President and Director, Matt Burlend, departed the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matt Burlend departed as Chief Operating Officer at VirTra, Inc.

Action: departed
Role: Chief Operating Officer

Exact text from the filing

Effective August 16, 2022, VirTra’s Chief Operating Officer, Vice President and Director, Matt Burlend, departed the Company.

View on SEC.gov

VirTra, Inc filing history →

Source: SEC EDGAR

accession 0001493152-22-023523

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.