The latest trading session saw VirTra, Inc. (VTSI) ending at $6.20, denoting a +1.64% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.31%. Prior to today's trading, shares of the company had lost 12.1% over the past month. This has lagged the Aerospace sector's gain of 0.76% and the S&P 500's gain of 1.57% in that time. Analysts and investors alike will be keeping a close eye on the performance ...

CHANDLER, Ariz., Aug. 22, 2024 (GLOBE NEWSWIRE) -- 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, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. VirTra's management team is scheduled to present on Thursday, September 5 at 9:00 a.m. Pacific Time (PT). The pres ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $6.1 million, down from $10.3 million in the prior year, primarily due to delays in federal funding and contract holds [14][4] - Gross profit was $5.5 million, representing a gross margin of 91%, compared to 57% in the prior year, driven by operational enhancements [14][15] - Net income increased to $1.2 million or $0.11 per diluted share, a 17% increase from $1 million or $0.09 per diluted share in the prior year [15] - Adjusted EBITDA was $1.6 million, down from $2.6 million in the prior year [15] Business Line Data and Key Metrics Changes - Government revenue decreased to $5.3 million from $9.5 million in the prior year due to delayed federal budget decisions [10] - International revenue was $0.6 million, a slight decrease from $0.7 million in the prior year, attributed to long lead times in the international pipeline [11] - Bookings totaled $5.9 million for Q2 2024, with a backlog of $13.8 million as of June 30, 2024 [16] Market Data and Key Metrics Changes - The military market is showing potential growth with the U.S. Army's Integrated Visual Augmentation System (IVAS) program, which includes a $5.9 million prototype contract [12] - The company is focusing on expanding its reach into U.S. federal and Department of Defense channels through targeted marketing campaigns [13] Company Strategy and Development Direction - The launch of the V-XR platform is a key component of the company's long-term growth strategy, aimed at enhancing professional training environments [9][18] - The company is prioritizing long-term relationships and is positioned to capitalize on military budget openings [6][18] - Investments in sales and marketing, as well as strategic hiring, are being made to support growth initiatives [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in the first half of the year due to delayed budget decisions but expressed optimism for the second half as grant funding becomes clearer [5][18] - The company is confident in its ability to navigate through temporary challenges and is focused on operational improvements and strategic initiatives for future growth [18] Other Important Information - The company has restructured its sales team to enhance international sales capabilities and stabilize future revenue streams [11] - The addition of a new Chief Technology Officer is expected to accelerate innovation and product development [6] Q&A Session Summary Question: Bookings activity and acceleration in Q3 - Management noted positive trends in the first month of Q3 but refrained from making forward-looking statements [20] Question: Transition from pilot programs to firm purchase orders in healthcare - Management indicated that several healthcare institutions are moving towards firm purchase orders, driven by new training requirements [21][22] Question: Expectations for gross margin in the second half - Management expects gross margin to decrease from Q2 levels but aims to maintain it in the mid- to high 50s range to gain market share [23][24][25] Question: Inventory levels and near-term opportunities - The increase in inventory is attributed to work-in-progress accounts and purchases for military contracts [26][28] Question: Cash flow and tax provisions - The decrease in cash was primarily due to tax payments and efforts to reduce accounts payable [30] Question: Activity levels outside of budget constraints - Management discussed the complexities of federal and local funding processes and indicated that federal contracts are key indicators for future growth [31][32]

VirTra, Inc. (VTSI) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.18 per share when it actually produced earnings of $0.11, delivering a surprise of -38.89%. Over the last four quarters, the company has ...

Exhibit 99.1 VirTra Reports Second Quarter and First Half 2024 Financial Results Quarterly Bookings Improve as VirTra Advances Product Launches and Expands Focus on Federal and Defense Markets CHANDLER, Ariz. — August 12, 2024 — 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, reported results for the second quarter ended June 30, 2024. The financial statements ...

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 ...

CHANDLER, Ariz., Aug. 12, 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, reported results for the second quarter ended June 30, 2024. The financial statements are available on VirTra's website and here. Second Quarter 2024 and Recent Operational Highlights: Bookings increased by $3 million quarter-over-quarter, doubling since Q1, high ...

VirTra, Inc. (VTSI) closed at $7.55 in the latest trading session, marking no change from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.04%. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%. The company's stock has dropped by 4.31% in the past month, falling short of the Aerospace sector's gain of 3.74% and outpacing the S&P 500's loss of 6.74%. The investment community will be paying close attention to the earnin ...

VirTra, Inc. (VTSI) closed at $8.77 in the latest trading session, marking a +1.86% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.08% for the day. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 2.64%. Heading into today, shares of the company had gained 9.13% over the past month, outpacing the Aerospace sector's gain of 5.52% and the S&P 500's loss of 0.44% in that time. The investment community will be closely mo ...

Date: Monday, August 12, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) U.S. dial-in: 1-877-407-9208 International dial-in: 1-201-493-6784 Conference ID: 13747540 CHANDLER, Ariz., July 29, 2024 (GLOBE NEWSWIRE) -- 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, will hold a conference call on Monday, August 12, 2024 at 4:30 p.m. Eastern time (1:3 ...