{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-022226","form_type":"8-K","ticker":"VTSI","cik":"0001085243","company_name":"VirTra, Inc","filed_at":"2026-05-11T20:10:17+00:00","discovered_at":"2026-05-11T20:12:00.323223+00:00","generated_at":"2026-05-11T22:21:36.421810+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"VirTra Q1 revenue $3.5M (-51% YoY); net loss $(1.3M) vs profit $1.3M","bullets":["Revenue $3.5M (down 51% YoY); net loss $(1.3M) or $(0.12)/share vs net income $1.3M or $0.11/share.","Backlog $25.2M; bookings $3.8M. Management expects improved sales momentum in H2 2026.","STEP revenue increased as share; gross margin fell to 61% from 73% due to product mix.","Qualified leads ~doubled; new drone defense training system demonstrated for corrections.","Adjusted EBITDA $(0.9M) vs $1.7M; operating expenses stable at $3.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-022226","json":"https://secwatch.observer/filing/0001493152-26-022226.json","markdown":"https://secwatch.observer/filing/0001493152-26-022226.md","text":"https://secwatch.observer/filing/0001493152-26-022226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/0001493152-26-022226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T22:21:36.421810+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":"ca20c723f26b9367517b170505d232f8f3ee794e","claim":"VirTra, Inc reported first quarter ended March 31, 2026 results: revenue $3.5 million, net income $(1.3) million, EPS $(0.12) per diluted share.","evidence_excerpt":"with better data, and we believe we are well-positioned as funding and procurement conditions continue to normalize.” First Quarter 2026 Financial Results Total revenue was $3.5 million, compared to $7.2 million in the prior year period. The decrease was due to a number of our Q3 and Q4 booking customers being unable to accept delivery in Q1 of 2026.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/0001493152-26-022226-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$3.5 million"},{"label":"Net income","value":"$(1.3) million"},{"label":"EPS","value":"$(0.12) 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"}