VirTra Q1 net income $1.3M, bookings up 120% YoY to $6.4M

VirTra, Inc

2025-Q1 EPS reported $0.11

Net income $1.3M ($0.11 EPS) vs $0.5M ($0.04 EPS) in Q1 2024; adjusted EBITDA $1.7M up 22%.
Bookings $6.4M, up 120% YoY from $2.9M; backlog $21.2M including $9.9M capital contracts.
Revenue $7.2M (-3% YoY) but gross margin improved to 72.6% from 64.2%; gross profit $5.2M.
Cash $17.6M, working capital $35.3M, debt-light; STEP agreements enhanced to three-year commitments.
V-XR first delivery expected Q2; IVAS recoil kit validation; GSA procurement reentered.

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