VirTra Q3 revenue up 54% to $7.6M; net income $1.6M vs loss $0.8M YoY

VirTra, Inc

2023-Q3 EPS reported $0.51 revenue$27,925,420

Q3 revenue $7.6M (+54% YoY); gross margin 71% vs 51%; net income $1.6M, EPS $0.15 vs ($0.07).
Adjusted EBITDA $2.9M vs ($0.5M) YoY; nine-month adjusted EBITDA $9.4M vs $1.7M.
Nine-month revenue $27.9M (+42% YoY); net income $5.6M, EPS $0.51 vs $0.05.
Cash $17.2M; CFO notes temporary Q3 booking slowdown due to government shutdown, expects rebound.
Launched V-XR extended reality training solution; strong pre-orders; positions for growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

VirTra, Inc reported third quarter ended September 30, 2023 results: revenue $7.6 million, net income $1.6 million, EPS $0.15 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $7.6 million
Net income: $1.6 million
EPS: $0.15 per diluted share
Result: reported results

Exact text from the filing

VirTra Reports Third Quarter and Nine Month 2023 Financial Results Quarterly Revenue Increases 54% Year-Over-Year to $7.6 Million Quarterly Net Income Increases by $2.4 Million to $1.6 Million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

VirTra, Inc reported nine months ended September 30, 2023 results: revenue $27.9 million, net income $5.6 million, EPS $0.51 per diluted share.

Period: nine months ended September 30, 2023
Revenue: $27.9 million
Net income: $5.6 million
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

Nine Month 2023 Financial Highlights: ● Total revenue increased 42% to $27.9 million ● Gross profit increased 67% to $18.3 million, or 65% of total revenue ● Net income increased by $5.0 million to $5.6 million ● Adjusted EBITDA increased to $9.4 million

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Source: SEC EDGAR

accession 0001493152-23-040952

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