---
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"
generated_at: "2026-06-02T00:14:46.555651+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1085243/000149315224019223/0001493152-24-019223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019223
- JSON: https://secwatch.observer/filing/0001493152-24-019223.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019223.txt

## Key facts
- Earnings Releases
  VirTra, Inc reported financial results for the first quarter ended March 31, 2024.
  - Period: the first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 14, 2024, VirTra, Inc. issued a press release announcing its financial results for the first quarter ended Marach 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/0001493152-24-019223-index.htm
- Earnings Releases
  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
  source text: Total revenue was $8.1 million, compared to $10.0 million in the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/0001493152-24-019223-index.htm

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