Financial Data and Key Metrics Changes - Revenues for Q3 2024 were $7.5 million, up 23% from Q2 2024 and in line with $7.6 million in Q3 2023 [6] - Q3 bookings increased to $8.9 million, up 51% from $5.9 million in Q2 2024 and up 22% from $7.3 million in Q3 2023 [6] - Gross margins improved to 73% from 71% in Q3 2023, reflecting operational efficiencies [8][25] - Net income for Q3 2024 was $0.6 million or $0.05 per diluted share, compared to $1.6 million or $0.15 per diluted share in the prior year [29] Business Line Data and Key Metrics Changes - Government revenue decreased to $6.9 million from $7.3 million in the prior year, impacted by federal funding delays [23] - International revenue increased to $0.4 million from $0.2 million in 2023, with an expanding international pipeline [23] Market Data and Key Metrics Changes - The company is focusing on expanding its international reseller network, particularly in Canada, South America, and Europe [9] - The V-XR platform is being introduced to meet diverse training needs across various sectors, including healthcare and education [12][14] Company Strategy and Development Direction - The V-XR platform is expected to be a cornerstone of the company's growth strategy, enhancing training capabilities for law enforcement and other sectors [14] - The company is investing in high-quality training content to maintain a competitive advantage [14] - Strategic investments in sales and marketing are being made to support ongoing growth initiatives [27] Management's Comments on Operating Environment and Future Outlook - Management is closely monitoring macroeconomic factors that could affect customer funding, with December's budget discussions being pivotal [22] - The company is well-prepared to respond to funding opportunities as they arise, despite potential near-term fluctuations [36] Other Important Information - The company welcomed two new members to its Board of Directors, enhancing governance and expertise in military and law enforcement training [18][19] - Operational improvements have been implemented, including a new manufacturing facility and ERP system, to support increased demand [20][21] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with management expressing gratitude for shareholder support [38][40]

Core Viewpoint - VirTra, Inc. reported quarterly earnings of $0.05 per share, matching the Zacks Consensus Estimate, but down from $0.15 per share a year ago [1] - The company posted revenues of $7.48 million for the quarter, exceeding the Zacks Consensus Estimate by 9.98%, but slightly down from $7.56 million year-over-year [2] Financial Performance - Earnings per share (EPS) for the latest quarter was $0.05, consistent with estimates, while the previous quarter's EPS was $0.11, which was a 10% surprise over the expected $0.10 [1] - The company has surpassed consensus EPS estimates two times in the last four quarters [1] - Revenue for the quarter was $7.48 million, which is a decrease from $7.56 million year-over-year, but has topped consensus revenue estimates two times in the last four quarters [2] Stock Performance - VirTra shares have declined approximately 26.4% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current Zacks Rank for VirTra is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $8.09 million, and for the current fiscal year, it is $0.34 on revenues of $29.07 million [7] - The outlook for the Electronics - Military industry, where VirTra operates, is currently in the top 35% of Zacks industries, suggesting a favorable environment for stock performance [8]

Exhibit 99.1 VirTra Reports Third Quarter and Nine Month 2024 Financial Results Q3 Bookings Grow 51% Quarter-Over-Quarter to $8.9 Million, Bringing YTD Total to $17.7 Million Gross Margin Expands to 73% CHANDLER, Ariz. — November 12, 2024 — VirTra, Inc. (Nasdaq: VTSI) ("VirTra" or the "Company"), a global provider of judgmental use of force training simulators and firearms training simulators for the law enforcement and military markets, reported results for the third quarter ended September 30, 2024. The f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Nevada 93-1207631 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 295 E. Corporate Place, Chandler, AZ 85225 (Address of principal executive offices) (Zip Code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value VTSI Nasdaq Capital Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Core Insights - VirTra, Inc. reported a significant increase in bookings, totaling $8.9 million in Q3 2024, representing a 51% increase quarter-over-quarter and a 22% increase year-over-year [2][4] - The company's gross margin expanded to 73%, up from 71% in the prior year period, indicating improved cost efficiency [2][3] - The company maintained a robust working capital of $36.0 million, positioning itself for sustained growth and operational agility [2] Financial Performance - Total revenue for Q3 2024 was $7.5 million, slightly down from $7.6 million in Q3 2023, primarily due to previous booking delays caused by federal funding measures [3][6] - Gross profit for the quarter was $5.5 million, reflecting a 2% increase from $5.4 million in the prior year [3][7] - Net income decreased to $0.6 million, or $0.05 per diluted share, compared to $1.6 million, or $0.15 per diluted share, in Q3 2023 [3][9] Operational Highlights - The company advanced its V-XR launch, accepting initial orders and preparing for customer deliveries, which is expected to broaden its market reach [2] - The appointment of retired U.S. Army Lieutenant General Maria R. Gervais and Georgia POST Executive Director Mike Ayers to the Board of Directors enhances the company's expertise in military training and law enforcement certification [2] Management Commentary - The CEO highlighted that the increase in bookings signals the effectiveness of the sales improvements initiated in late 2023, setting a strong foundation for future growth [4] - The CFO emphasized the company's solid cash position and strong gross margin profile, which provide financial flexibility to support growth initiatives [10] Market Outlook - The company is closely monitoring macroeconomic factors, including federal budget decisions, which may impact funding distribution to customers [5] - The management expressed optimism about capitalizing on emerging opportunities as the company moves through Q4 2024 and into 2025 [5]

CHANDLER, Ariz., Oct. 22, 2024 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use-of-force and firearms training simulators for law enforcement and military markets, has announced the appointment of two high-ranking and distinguished leaders in military operations and police training to its board of directors: retired U.S. Army Lieutenant General Maria R. Gervais and Executive Director Mike Ayers of the Georgia Peace Officer Standards and Trainin ...

The most recent trading session ended with VirTra, Inc. (VTSI) standing at $6.52, reflecting a -1.21% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%. The company's stock has climbed by 2.01% in the past month, exceeding the Aerospace sector's loss of 1.22% and lagging the S&P 500's gain of 3.76%. The investment community will be paying close attention to the earnings performanc ...

VirTra, Inc. (VTSI) closed the latest trading day at $6.16, indicating a -0.96% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.93%. Elsewhere, the Dow lost 0.41%, while the tech-heavy Nasdaq lost 1.53%. Shares of the company witnessed a loss of 7.44% over the previous month, trailing the performance of the Aerospace sector with its loss of 0.36% and the S&P 500's gain of 2.17%. The upcoming earnings release of VirTra, Inc. will be of great interest t ...

In the latest market close, VirTra, Inc. (VTSI) reached $6.17, with a +0.16% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.04%. Heading into today, shares of the company had lost 5.59% over the past month, lagging the Aerospace sector's gain of 1.86% and the S&P 500's gain of 1.95% in that time. The investment community will be paying close attention to the earnings performance of VirTra, ...

CHANDLER, Ariz., Sept. 19, 2024 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) ("VirTra" or the "Company"), a global provider of judgmental use of force training simulators, firearms training simulators for the law enforcement and military markets, will hold its 2024 Annual Meeting of Shareholders on Monday, October 21, 2024 at 4:30 p.m. Eastern Time (1:30 p.m. Arizona Time) at VirTra's headquarters located at 295 E. Corporate Place, Chandler, AZ 85225. The meeting will also be accessible via webcast here. ...