CHANDLER, Ariz., Feb. 03, 2026 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use-of-force and firearms training simulators, today announced it will demonstrate its next-generation Drone Defense Training System for corrections professionals at the American Correctional Association (ACA) Winter Conference, taking place February 5-8, 2026, at the Long Beach Convention Center in Long Beach, CA. The event brings together correctional leaders, adminis ...

Core Viewpoint - VirTra, Inc. will participate in the 2026 SHOT Show, showcasing its advanced training simulators and emphasizing the importance of realistic training for law enforcement and military professionals [1][5]. Group 1: Event Participation - The 2026 SHOT Show will take place from January 20-23, 2026, at The Venetian Expo and Caesars Forum in Las Vegas [1]. - VirTra will be located at Booth 7550, where it will demonstrate its training solutions, including the V-300®, V-One™, and V-XR® platforms [2]. Group 2: Training Solutions - The showcased training solutions are designed for various applications, including judgmental use-of-force, firearms proficiency, de-escalation, and scenario-based decision-making [3]. - Live demonstrations will illustrate the adaptability of VirTra's solutions, which can be used individually or as part of a comprehensive training program [4]. Group 3: Industry Engagement - The SHOT Show is the largest trade event for professionals in shooting sports, law enforcement, and armed forces, featuring over 2,700 exhibitors [5]. - The event provides an opportunity for VirTra to engage with customers and industry leaders, highlighting the company's commitment to realistic training scenarios [5]. Group 4: Company Overview - VirTra has been a global provider of judgmental use-of-force and firearms training simulators since 1993, focusing on preparing professionals for real-world situations [7].

Core Insights - VirTra, Inc. has announced that the Nashville Police Department has been selected as a finalist for the 2025 Taskforce Santa initiative, receiving a V-100 portable simulator along with a full software suite and one year of service and warranty [1] - Taskforce Santa aims to enhance access to modern training for law enforcement agencies facing challenges in obtaining such resources, with over 140 submissions indicating a strong demand for realistic use-of-force and de-escalation training [2][4] - The Nashville Police Department, despite its small size of 17 officers, demonstrated a commitment to improving decision-making and de-escalation training, aligning with Taskforce Santa's goal of providing impactful modern tools [3] Industry Trends - There is a nationwide shift towards frequent, in-house simulation training as a necessity for public safety, with agencies emphasizing the importance of de-escalation, decision-making, and community-focused training [4] - The growing interest in portable training systems reflects a need for cost-effective solutions that minimize training costs and time away from duty, particularly among small and mid-size departments [4][5] - The demand for immersive, judgment-based training is increasing across the country, highlighting the need for sustainable and accessible tools to enhance officer readiness [5] Company Overview - VirTra is a global provider of judgmental use-of-force and firearms training simulators, dedicated to saving lives through realistic training since 1993 [6]

Core Insights - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving VirTra, Inc. and its officers or directors [1] - VirTra reported third-quarter 2025 financial results, with GAAP earnings per share of -$0.03, missing consensus estimates by $0.07, and revenue of $5.3 million, missing consensus by $1.69 million [2] - Following the earnings report, VirTra's stock price decreased by $0.43, or 7.93%, closing at $4.99 per share on November 11, 2025 [2] Financial Performance - VirTra's GAAP earnings per share for Q3 2025 were -$0.03, which was below the consensus estimate by $0.07 [2] - The company's revenue for the same period was reported at $5.3 million, missing the consensus estimate by $1.69 million [2] - The CEO indicated that a slower federal funding cycle and the timing of federal awards impacted near-term revenue recognition [2]

Group 1 - VirTra, Inc. is under investigation by Levi & Korsinsky for possible violations of federal securities laws [1] - For Q3 2025, VirTra reported GAAP earnings per share of -$0.03, missing the consensus estimate by $0.07, and revenue of $5.3 million, which was $1.69 million below consensus [2] - The CEO of VirTra indicated that the company is navigating a slower federal funding cycle, affecting revenue recognition [2] - Following the financial results announcement, VirTra's stock price declined over 7% on November 11, 2025 [2] Group 2 - Levi & Korsinsky LLP has a strong reputation in securities litigation, having secured hundreds of millions for shareholders and consistently ranking among the top securities litigation firms in the U.S. [3]

分组1 - VirTra, Inc. reported a quarterly loss of $0.03 per share, missing the Zacks Consensus Estimate of $0.05, and compared to earnings of $0.05 per share a year ago, representing an earnings surprise of -160.00% [1] - The company posted revenues of $5.35 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 28.48%, and down from $7.48 million year-over-year [2] - Over the last four quarters, VirTra has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] 分组2 - The stock has lost about 20.2% since the beginning of the year, while the S&P 500 has gained 14.4% [3] - The current consensus EPS estimate for the coming quarter is $0.08 on revenues of $8.17 million, and for the current fiscal year, it is $0.33 on revenues of $29.79 million [7] - The Zacks Industry Rank for Electronics - Military is currently in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Core Points - Plaid Technologies Inc. is undertaking a stock split of its common shares at a ratio of four new shares for each existing share [1][3] - The total number of issued and outstanding common shares will increase from 17,389,473 to 69,557,892 as a result of the stock split [2] - The stock split aims to enhance the liquidity and marketability of the company's shares [3] Company Overview - Plaid Technologies focuses on the development and commercialization of graphene-enhanced technology, particularly a proprietary graphene-infused concrete mixture [6] - The company is targeting applications in wellbore cement and subsurface applications, aiming to innovate in well abandonment processes [6]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $5.3 million, down from $7.5 million in the prior year period, primarily due to lower government sector revenues caused by funding delays [10] - Government revenue for Q3 was $4.1 million compared to $6.9 million in the prior year, while international revenue increased to $1.2 million from $0.4 million [10] - Gross profit for Q3 was $3.5 million, or 66% of total revenue, down from $5.5 million, or 73% in the prior year [10] - Net loss for Q3 was $0.4 million, or $0.03 per diluted share, compared to net income of $0.6 million, or $0.05 per diluted share in the prior year [12] Business Line Data and Key Metrics Changes - The STEP program remains a strong selling point, particularly for smaller agencies, driving consistent adoption and high renewal rates, contributing to recurring revenue [6] - The introduction of the V1 portable simulator is aimed at expanding the addressable market for smaller departments [7] - International revenue more than doubled compared to the same period last year, indicating growing global recognition of VirTra's training solutions [8] Market Data and Key Metrics Changes - The operating environment is affected by federal funding delays, with agency procurement cycles moving slower than normal due to budget clarity and grant awards [4] - The Department of Justice COPS Grants Program has identified agencies for funding, but announcements were delayed due to federal shutdowns [4] - Military work is progressing, with a successful demonstration of the Soldier Virtual Trainer system for the U.S. Army [8] Company Strategy and Development Direction - The company is focused on improving sales processes, products, and operations to strengthen its foundation and prepare for growth as funding resumes [15] - The recent entry into the GSA procurement cycle channel is expected to streamline sales processes and shorten delivery timelines [5] - The updated STEP program with three-year commitments enhances recurring revenue visibility and reinforces long-term customer relationships [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while the operating environment is challenging due to funding delays, there is strong engagement with customers and a growing backlog of opportunities [3] - The company anticipates improved revenue conversions once grant awards and customer acceptance pick up [4] - Management expressed optimism about future growth as funding resumes and highlighted the importance of building relationships with military partners [9] Other Important Information - Cash and cash equivalents as of September 30, 2025, totaled $20.8 million, up from $18 million at the end of 2024 [13] - Backlog as of September 30, 2025, stood at $21.9 million, with $10.2 million in capital, $5.3 million in service, and $6.4 million in STEP contracts [14] Q&A Session Summary Question: Were there any multi-year deals that skewed booking results? - A booking of about $4.8 million was received at the end of the quarter, primarily from an international customer, which is expected to convert to revenue in 2026 [17] Question: How does the funding backdrop impact military prospects? - The funding shutdown affects both military and police agency businesses, with significant reliance on government funding [19] Question: Can you break down the backlog in terms of funded versus unfunded? - The backlog includes $10.2 million in capital, with conversion dependent on customer purchasing and readiness [22][24] Question: Is the company considering acquisitions or buybacks? - The company is strategically waiting for funding clarity before considering acquisitions, focusing on technologies that align with its core offerings [26] Question: What is the outlook for gross margins going forward? - Gross margins are expected to remain similar to current levels, with a potential slight decrease, aiming for a range between 60% and 65% [30]

Financial Performance - Total revenue for Q3 2025 was $5.3 million, a decrease of 29% compared to $7.5 million in Q3 2024[4] - Gross profit for Q3 2025 was $3.5 million, representing a gross margin of 66%, down from 73% in the prior year[4] - Net income for Q3 2025 was a loss of $0.4 million, or $(0.03) per diluted share, compared to a profit of $0.6 million, or $0.05 per diluted share in Q3 2024[4] - Total revenue for the first nine months of 2025 was $19.5 million, a 7% decrease from $20.9 million in the same period of 2024[10] - Adjusted EBITDA for Q3 2025 was $0.1 million, a decline of 91% from $1.1 million in Q3 2024[4] - Net income for the nine months ended September 30, 2025, was $1,050,807, compared to $2,252,025 for the same period in 2024, representing a decrease of 53.4%[30] Cash and Assets - Cash and cash equivalents were $20.8 million as of September 30, 2025, up from $18.0 million at the end of 2024[16] - Cash and cash equivalents increased to $20,767,105 as of September 30, 2025, from $18,040,827 at the end of 2024, marking a rise of 15.1%[26] - Total assets as of September 30, 2025, were $66,203,576, slightly up from $65,453,086 at the end of 2024, indicating a growth of 1.1%[26] Expenses - Net operating expenses for the first nine months of 2025 were $11.7 million, an 11% decrease from $13.2 million in the prior year[11] - Operating expenses for the three months ended September 30, 2025, were $3,968,184, a decrease of 16.3% from $4,742,341 in the same period of 2024[28] - Research and development expenses for the nine months ended September 30, 2025, were $1,906,764, down from $2,273,422 in 2024, reflecting a decrease of 16.1%[28] Bookings and Backlog - The company secured bookings totaling $8.4 million in Q3 2025, including a $4.8 million contract for law enforcement training systems in Colombia[8] - The backlog increased to $21.9 million, providing visibility into future revenue opportunities[17] Other Financial Metrics - Total liabilities decreased to $19,372,942 as of September 30, 2025, from $19,762,198 at the end of 2024, a reduction of 2.0%[26] - The company reported a net cash provided by operating activities of $6,083,776 for the nine months ended September 30, 2025, compared to $2,165,918 in 2024, an increase of 180.5%[30] Product Development - The company launched the V-One Portable Simulator, aimed at smaller agencies, enhancing product accessibility[8]