---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012354"
form_type: "8-K"
ticker: "VTSI"
cik: "0001085243"
company_name: "VirTra, Inc"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:19:39.138282+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VirTra reports record annual revenue $38.0M (+34% YoY); net income $8.4M

## Summary
- Full-year 2023 revenue $38.0M, up 34% from $28.3M; net income $8.4M vs $2.0M.
- Q4 2023 revenue $10.1M (+17% YoY); net income $2.8M vs $1.4M; diluted EPS $0.25.
- Gross margin improved to 83% in Q4 (61% prior year) and 70% for full year (57%).
- Adjusted EBITDA $11.6M for 2023, up from $4.0M; backlog reduced to $19.4M entering 2024.
- New V-XR extended reality platform and military software integration expected to drive 2024 growth.

## SEC filing metadata
- accession: 0001493152-24-012354
- form_type: 8-K
- ticker: VTSI
- cik: 0001085243
- company_name: VirTra, Inc
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1085243/000149315224012354/0001493152-24-012354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085243/000149315224012354/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012354
- JSON: https://secwatch.observer/filing/0001493152-24-012354.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012354.txt

## Key facts
- Earnings Releases
  VirTra, Inc reported for the full year ended December 31, 2023 results: revenue $38.0 million, net income $8.4 million, EPS $0.77 per diluted share.
  - Period: for the full year ended December 31, 2023
  - Revenue: $38.0 million
  - Net income: $8.4 million
  - EPS: $0.77 per diluted share
  - Result: reported results
  source text: in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 VirTra Reports Fourth Quarter and Full Year 2023 Financial Results Annual Revenue Grows to a Record $38.0 Million, Marking a 34% Increase Net Income Increases to $8.4 Million in 2023 CHANDLER, Ariz. — April 1, 2024 — VirTra, Inc . (Nasdaq: VTSI) (“VirTra”), a global provider of judgmental
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085243/000149315224012354/0001493152-24-012354-index.htm
- Earnings Releases
  VirTra, Inc reported for the fourth quarter ended December 31, 2023 results: revenue $10.1 million, net income $2.8 million, EPS $0.25 per diluted share.
  - Period: for the fourth quarter ended December 31, 2023
  - Revenue: $10.1 million
  - Net income: $2.8 million
  - EPS: $0.25 per diluted share
  - Result: reported results
  source text: December 31, 2023. The financial statements are available on VirTra’s website and here . Fourth Quarter 2023 Financial Summary: ● Total revenue increased 17% year-over-year to $10.1 million ● Gross profit increased 58% year-over-year to $8.4 million, or 83% of total revenue ● Net income increased by $1.4 million year-over-year to $2.8 million ● Adjusted EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085243/000149315224012354/0001493152-24-012354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.