secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001493152-24-031283
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315224031283/0001493152-24-031283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315224031283/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031283

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