secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001493152-24-012354
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315224012354/0001493152-24-012354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315224012354/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-012354

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer