secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017404
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra reports record Q1 revenue of $10M, net income of $2.9M, up 411% YoY
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- Revenue $10.0M (record), up 48% YoY; gross profit $6.9M (69.3% margin) vs $3.7M (54.6%).
- Net income $2.9M ($0.27 diluted EPS) vs $0.6M ($0.05) YoY, up 411%.
- Adjusted EBITDA $4.0M, up from $1.0M; cash $14.3M at quarter end.
- Driven by deliveries of two major government contracts and one large international contract.
- Management cites improved operational efficiency and record backlog execution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315223017404/0001493152-23-017404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315223017404/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017404

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