secwatch / observer

VirTra, Inc — fact timeline

Source-grounded facts extracted from VirTra, Inc's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

VTSI VirTra, Inc JSON
Earnings Releases

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.

“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.”
Earnings Releases

VirTra, Inc reported financial results for the fourth quarter and full year ended December 31, 2025.

“On March 26, 2026, VirTra, Inc. issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2025.”

John F. Givens II changed role as Chairman of the Board at VirTra, Inc.

“John F. Givens II, the current Chief Executive Officer of VirTra, will serve as the Chairman of the Board.”

Robert D. Ferris resigned as Executive Chairman at VirTra, Inc.

“On July 3, 2024, Robert D. Ferris resigned as the Executive Chairman and a director of VirTra, Inc. effective July 12, 2024.”
Earnings Releases

VirTra, Inc reported first quarter ended March 31, 2024 results: revenue $8.1 million, net income $1.2 million, EPS $0.11 per diluted share.

“Total revenue was $8.1 million, compared to $10.0 million in the prior year period.”
Earnings Releases

VirTra, Inc reported financial results for the first quarter ended March 31, 2024.

“On May 14, 2024, VirTra, Inc. issued a press release announcing its financial results for the first quarter ended Marach 31, 2024.”
Earnings Releases

VirTra, Inc reported the fourth quarter and year ended December 31, 2023 results: revenue $38.0 million, net income $8.4 million, EPS $0.77 per diluted share.

“Total revenue increased 16% to $10.1 million from $8.7 million in the fourth quarter of 2022.”
Earnings Releases

VirTra, Inc reported for the full year ended December 31, 2023 results: revenue $38.0 million, net income $8.4 million, EPS $0.77 per diluted share.

“in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 VirTra Reports Fourth Quarter and Full Year 2023 Financial Results Annual Revenue Grows to a Record $38.0 Million, Marking a 34% Increase Net Income Increases to $8.4 Million in 2023 CHANDLER, Ariz. — April 1, 2024 — VirTra, Inc . (Nasdaq: VTSI) (“VirTra”), a global provider of judgmental”
Earnings Releases

VirTra, Inc reported for the fourth quarter ended December 31, 2023 results: revenue $10.1 million, net income $2.8 million, EPS $0.25 per diluted share.

“December 31, 2023. The financial statements are available on VirTra’s website and here . Fourth Quarter 2023 Financial Summary: ● Total revenue increased 17% year-over-year to $10.1 million ● Gross profit increased 58% year-over-year to $8.4 million, or 83% of total revenue ● Net income increased by $1.4 million year-over-year to $2.8 million ● Adjusted EBITDA”
Earnings Releases

VirTra, Inc reported nine months ended September 30, 2023 results: revenue $27.9 million, net income $5.6 million, EPS $0.51 per diluted share.

“Nine Month 2023 Financial Highlights: ● Total revenue increased 42% to $27.9 million ● Gross profit increased 67% to $18.3 million, or 65% of total revenue ● Net income increased by $5.0 million to $5.6 million ● Adjusted EBITDA increased to $9.4 million”
Earnings Releases

VirTra, Inc reported third quarter ended September 30, 2023 results: revenue $7.6 million, net income $1.6 million, EPS $0.15 per diluted share.

“VirTra Reports Third Quarter and Nine Month 2023 Financial Results Quarterly Revenue Increases 54% Year-Over-Year to $7.6 Million Quarterly Net Income Increases by $2.4 Million to $1.6 Million”
Shareholder Votes

VirTra, Inc shareholders approved Ratification of the Company’s Independent Auditors at the 2023-10-23 meeting.

“Stockholders ratified the appointment of Haynie & Company as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, in accordance with the voting results listed below. For Against Abstain Broker Non-Votes 6,089,280 50,942 4,691 —”
Shareholder Votes

VirTra, Inc shareholders approved Non-Binding Advisory Vote on Executive Compensation at the 2023-10-23 meeting.

“Stockholders approved the compensation of the Company’s named executive officers as disclosed in the Proxy Statement for the Annual Meeting. For Against Abstain Broker Non-Votes 2,828,504 572,702 94,712 2,648,995”
Shareholder Votes

VirTra, Inc shareholders approved Election of Directors at the 2023-10-23 meeting.

“Each of the following five nominees was elected to the Company’s Board of Directors, in accordance with the voting results listed below, to serve for a term of one year, until the 2024 annual meeting of stockholders and until their successors have been duly elected and have qualified. Nominee For Withheld Broker Non-Votes Robert D. Ferris 3,202,527 293,391 2,648,995 John F. Givens II 3,431,973 63,945 2,648,995 Jeffrey D. Brown 2,196,472 1,299,446 2,648,995 Gregg C.E. Johnson 2,712,290 783,628 2,648,995 James P. McDonnell 3,164,576 331,342 2,648,995”

Robert Ferris changed role as Executive Chairman of the Board at VirTra, Inc.

“Robert Ferris, the Company’s founder and current chairman and co-CEO will transition to the position of Executive Chairman of the Board.”

John Givens changed role as Chief Executive Officer at VirTra, Inc.

“Effective August 15, 2023, John Givens will assume the role of the Company’s Chief Executive Officer (CEO).”
Earnings Releases

VirTra, Inc reported second quarter and first half ended June 30, 2023 results: revenue $10.3 million for Q2, $20.4 million for H1, net income $1.0 million for Q2, $4.0 million for H1, EPS Q2 diluted EPS $0.09, H1 diluted EPS $0.36.

“under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 VirTra Reports Second Quarter and First Half 2023 Financial Results Record Quarterly and First Half Revenue of $10 Million and $20 Million, Up 29% and 38%”
Earnings Releases

VirTra, Inc reported first quarter ended March 31, 2023 results: revenue $10.0 million, net income $2.9 million, EPS $0.27 per diluted share.

“Total revenue increased 48% to $10.0 million from $6.8 million in the first quarter of 2022. The increase in revenue was the result of the deliveries of two major government contracts and one large international contract. Gross profit increased 88% to $6.9 million from $3.7 million in the first quarter of 2022. Gross profit margin, defined as total revenue less cost of sales, was 69.3%, an improvement compared to 54.6% in the first quarter of 2022. The increase in gross profit was primarily due to the increased sales achieved while maintaining cost of sales in line with 2022 levels. The increased gross margins resulted from the favorable product mix of systems, accessories and services sold in the quarter. Net operating expense was $3.5 million, compared to $3.0 million in the first quarter of 2022. The increase in net operating expenses was due to increased R&D expenses, additional costs related to the Orlando facility, and one-time costs in payroll and related expenses. Operating inc”
Earnings Releases

VirTra, Inc reported financial results for the fourth quarter and fiscal year ended December 31, 2022.

“On March 31, 2023, VirTra, Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.”

James Richardson resigned as director at VirTra, Inc.

“The vacancy on the Board of Directors was created by the resignation of James Richardson, which was effective December 31, 2022.”

Jim McDonnell was appointed as independent director at VirTra, Inc.

“The registrant’s Board of Directors has appointed Jim McDonnell, 63, as an independent member to the Board, effective January 1, 2023.”

Alanna Boudreau was appointed as Chief Financial Officer at VirTra, Inc.

“Effective December 1, 2022, VirTra appointed Alanna Boudreau, 43, as its Chief Financial Officer.”
Shareholder Votes

VirTra, Inc shareholders approved Ratification of Haynie & Company as independent auditors for fiscal year 2022 at the 2022-11-08 meeting.

“Ratification of the Company’s Independent Auditors Stockholders ratified the appointment of Haynie & Company as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022, in accordance with the voting results listed below. For Against Abstain Broker Non-Votes 6,221,927 447,124 194,140 —”
Shareholder Votes

VirTra, Inc shareholders approved Election of five directors to serve until 2023 annual meeting at the 2022-11-08 meeting.

“Election of directors Each of the following five nominees was elected to the Company’s Board of Directors, in accordance with the voting results listed below, to serve for a term of one year, until the 2023 annual meeting of stockholders and until their successors have been duly elected and have qualified. Nominee For Withheld Broker Non-Votes Robert D. Ferris 3,607,089 259,264 2,996,838 John F. Givens II 2,872,227 994,126 2,996,838 Jeffrey D. Brown 2,517,400 1,348,953 2,996,838 James Richardson 2,467,151 1,399,202 2,996,838 Gregg C.E. Johnson 3,430,914 435,439 2,996,838”
Earnings Releases

VirTra, Inc reported the nine months ended September 30, 2022 results: revenue $19.7 million, net income $562,000, EPS $0.05 per diluted share.

“Total revenue increased 24% to $19.7 million from $15.8 million for the first nine months of 2021. The increase in sales for the nine months ended September 30, 2022 resulted from an increase in the number of simulators and accessories completed, delivered and revenue recognized compared to the same periods in 2021. Gross profit increased 28% to $10.9 million from $8.6 million for the first nine months of 2021. The increase in gross profit was due to the product mix of systems, accessories and services sold. Gross profit margin was 56%, an increase compared to 54% for the first nine months of 2021. Net operating expense was $10.3 million, compared to $6.9 million for the first nine months of 2021. The increase was primarily due to expenses related to the move into the new building, Orlando location, and increased payroll costs. Operating income was $681,000, a decrease compared to an operating income of $1.7 million for the first nine months of 2021. Net income totaled $562,000, or $0.”
Earnings Releases

VirTra, Inc reported the third quarter ended September 30, 2022 results: revenue $4.9 million, net income ($803,000), EPS ($0.07) per diluted share.

“Total revenue decreased 20% to $4.9 million from $6.1 million in the third quarter of 2022. The decrease in revenues for the three months ended September 30, 2022 as compared to the same period in the prior year is due to unbilled sales not yet being recognized. Gross profit decreased 12% to $2.5 million from $2.9 million in the third quarter of 2021. The decrease in gross profit was due primarily to lower revenue. Gross profit margin was 51%, an increase compared to 47% in the third quarter of 2021. Net operating expense was $3.6 million, compared to $2.6 million in the third quarter of 2021. The increase was primarily due to expenses related to the move into the new building, Orlando location, and increased payroll costs. Loss from operations totaled ($1.1 million) compared to income from operations of $266,000 in the third quarter of 2021. Net loss totaled ($803,000), or ($0.07) per diluted share (based on 10.9 million weighted average diluted shares outstanding), a decrease compare”

Danielle De Rosa-Diaz resigned as Chief Financial Officer at VirTra, Inc.

“Effective October 27, 2022, Danielle De Rosa-Diaz resigned as the registrant’s Chief Financial Officer.”

Marsha Foxx was terminated as Chief Accounting Officer at VirTra, Inc.

“Also, effective August 24, 2022, Marsha Foxx was terminated as the Chief Accounting Officer of VirTra.”

Danielle De Rosa-Diaz was appointed as Chief Financial Officer at VirTra, Inc.

“Effective August 24, 2022, VirTra appointed Danielle De Rosa-Diaz, 45, as its Chief Financial Officer.”

Matt Burlend departed as Chief Operating Officer at VirTra, Inc.

“Effective August 16, 2022, VirTra’s Chief Operating Officer, Vice President and Director, Matt Burlend, departed the Company.”

John Givens was appointed as co-Chief Executive Officer at VirTra, Inc.

“On May 2, 2022, VirTra, Inc. announced the appointment of John Givens as its co-Chief Executive Officer.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.