{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-019223","form_type":"8-K","ticker":"VTSI","cik":"0001085243","company_name":"VirTra, Inc","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.226484+00:00","generated_at":"2026-06-02T00:14:46.555651+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"VirTra Q1 revenue falls 19% to $8.1M; net income drops to $1.2M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-019223","json":"https://secwatch.observer/filing/0001493152-24-019223.json","markdown":"https://secwatch.observer/filing/0001493152-24-019223.md","text":"https://secwatch.observer/filing/0001493152-24-019223.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/0001493152-24-019223-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T00:14:46.555651+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"61437be52efe7e067716ffe4b0df0a95f8a704b4","claim":"VirTra, Inc reported financial results for the first quarter ended March 31, 2024.","evidence_excerpt":"On May 14, 2024, VirTra, Inc. issued a press release announcing its financial results for the first quarter ended Marach 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/0001493152-24-019223-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c814f545fa11694bf56008990325517147b00550","claim":"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.","evidence_excerpt":"Total revenue was $8.1 million, compared to $10.0 million in the prior year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/0001493152-24-019223-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$8.1 million"},{"label":"Net income","value":"$1.2 million"},{"label":"EPS","value":"$0.11 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}