secwatch.observer — SEC 8-K summary
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Issuer:     VirTra, Inc (VTSI)
CIK:        0001085243
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001641172-25-009682
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1085243/000164117225009682/0001641172-25-009682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1085243/000164117225009682/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009682

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