secwatch.observer — SEC 8-K summary
======================================

Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2026-05-11T20:10:17+00:00
Accession:  0001493152-26-022226
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirTra Q1 revenue $3.5M (-51% YoY); net loss $(1.3M) vs profit $1.3M
--------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/0001493152-26-022226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022226

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer