VirTra Q4 revenue $5.4M, down 50% YoY; net loss $0.9M vs net income $3.5M prior year

VirTra, Inc

Q4 bookings $12.2M, up 37% sequentially; backlog $22M at year-end 2024.
Full-year revenue $26.4M (down 32% YoY); net income $1.4M (down 85% from $9.2M).
Adjusted EBITDA (Q4) ($1.8M) vs $3.0M prior year; includes $0.75M negative revenue adjustment.
Ended Q4 with $18.0M cash, $34.8M working capital; one-time $275K lease settlement incurred.
IVAS program completed 42 days ahead of schedule; transition to Anduril noted as positive.

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