VirTra Q2 revenue falls 41% to $6.1M; gross margin 91%, EPS $0.11, bookings double sequentially

VirTra, Inc

2024-Q2 EPS reported $0.22 revenue$14,169,438

Revenue $6.1M, down 41% YoY; net income $1.2M ($0.11 diluted EPS) vs $1.0M ($0.09).
Gross margin 91% vs 57% YoY; adjusted EBITDA $1.6M vs $2.6M.
Bookings doubled sequentially from Q1, increasing $3M quarter-over-quarter.
Appointed Brandon Cox as CTO; V-XR extended reality solution shipping by end of Q3 2024.
Working capital $34.8M; cash $18.4M; DoD research approval secured.

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