VirTra Q1 revenue falls 19% to $8.1M; net income drops to $1.2M

VirTra, Inc

2024-Q1 EPS reported $0.11 revenue$747,977

Total revenue $8.1M, down 19% from $10.0M YoY; net income $1.2M ($0.11 EPS) vs $2.9M ($0.27).
Gross margin slipped to 67% from 69% due to Microsoft contract milestone costs.
Adjusted EBITDA $1.9M, down 52% from $4.0M; cash $22.4M, working capital $33.2M.
V-XR extended reality training platform launch preparations ongoing; targeting healthcare/education.
Revenue impacted by federal funding delays and completion of large capital backlog in 2023.

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 0.95

VirTra, Inc reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 14, 2024, VirTra, Inc. issued a press release announcing its financial results for the first quarter ended Marach 31, 2024.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VirTra, Inc reported first quarter ended March 31, 2024 results: revenue $8.1 million, net income $1.2 million, EPS $0.11 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $8.1 million
Net income: $1.2 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

Total revenue was $8.1 million, compared to $10.0 million in the prior year period.

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

VirTra, Inc filing history →

Source: SEC EDGAR

accession 0001493152-24-019223

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.