secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019223
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/0001493152-24-019223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315224019223/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019223

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