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 - VirTra, Inc. reported a significant decline in total revenue for Q3 2025, amounting to $5.3 million, a 29% decrease from $7.5 million in Q3 2024, primarily due to lower revenues from the government sector caused by funding delays [3][9] - The company experienced a net loss of $0.4 million in Q3 2025, compared to a net income of $0.6 million in the same period last year, reflecting the challenges in revenue recognition [10][12] - Despite the current challenges, the company has a growing backlog of $21.9 million, indicating potential future revenue as federal funding cycles improve [12] Financial Highlights - Total revenue for the first nine months of 2025 was $19.5 million, down 7% from $20.9 million in the prior year, mainly due to decreased revenues from simulators and accessories [5] - Gross profit for the first nine months was $13.5 million, representing a gross margin of 69%, compared to $15.7 million and a 75% margin in the prior year [5] - Adjusted EBITDA for the first nine months was $2.5 million, a decrease of 38% from $4.0 million in the previous year [8] Operational Highlights - Bookings in Q3 2025 totaled $8.4 million, including a $4.8 million multi-site contract for law enforcement training systems in Colombia [7] - The company launched the V-One Portable Simulator aimed at smaller agencies, which has received positive early feedback [4][7] - International deployments are increasing, with new contracts in Canada and Colombia, indicating a growing global presence [4][7] Management Commentary - The CEO emphasized the impact of a slower federal funding cycle on revenue recognition but noted an increase in backlog and customer engagement [4] - The CFO highlighted disciplined cost management, with operating expenses down 11% year-over-year, and a strong balance sheet with $20.8 million in cash [12]

Core Viewpoint - VirTra, Inc. will hold a conference call on November 10, 2025, to discuss its financial results for Q3 2025, which ended on September 30, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for November 10, 2025, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) [2] - U.S. dial-in number is 1-877-407-9208, and the international dial-in number is 1-201-493-6784 [2] - Participants are encouraged to call 5-10 minutes prior to the start time for registration [2] Group 2: Replay Information - The conference call will be broadcast live and available for replay after 7:30 p.m. Eastern time on the same day through November 24, 2025 [3] - Toll-free replay number is 1-844-512-2921, and the international replay number is 1-412-317-6671 [3] Group 3: Company Overview - VirTra, Inc. is a global provider of judgmental use-of-force and firearms training simulators for law enforcement, military, educational, and commercial markets [3] - The company has been dedicated to saving lives through realistic training since its establishment in 1993 [3]

Core Insights - VirTra, Inc. successfully demonstrated its next-generation Soldier Virtual Training (SVT) system, exceeding U.S. Army requirements [1][3] - The demonstration showcased the portable V-100® simulator, focusing on soldier readiness in weapon skills, joint fires, and use-of-force [2][4] - The V-100® system offers fast setup, intuitive operation, ballistic accuracy, and data analytics to enhance training effectiveness [3][5] Company Technology and Features - The V-100® simulator integrates multiple weapons and features recoil kits and magazines, emphasizing immersive training [4][6] - APEX™, an advanced analytics platform, provides actionable insights for instructors, tracking metrics like accuracy and reaction time [5][6] - Every new simulator will include APEX at no additional cost, enhancing data-driven training accountability [6] Research and Validation - Studies from The Ohio State University and the University of Chicago validate the effectiveness of VirTra's training systems [7][8] - The University of Chicago study reported a 23% reduction in use-of-force incidents among trained officers, alongside significant decreases in racial disparities in arrests [7][8] Market Position and Commitment - VirTra is committed to providing science-based training solutions that improve performance in critical environments [4][8] - The company's technologies are utilized globally across military, law enforcement, and public safety sectors to enhance decision-making and reduce risks [9]

Core Insights - VirTra, Inc. announced the launch of its new V-One Portable Simulator, which will be showcased at the IACP Conference, emphasizing its compact and portable design for immersive training [1][5]. Product Features - The V-One is an all-in-one simulator that combines realism and interactivity in a durable travel case, allowing for easy deployment and training anywhere [2][4]. - Key features include an integrated 4K projector, camera hardware, built-in storage for training pistols, and a quick setup time of under two minutes [7]. Market Positioning - The launch of the V-One aims to democratize access to high-quality simulation training for law enforcement and military agencies of all sizes and budgets [4]. - VirTra's CEO highlighted the importance of making advanced training technology accessible, reflecting the company's commitment to enhancing training capabilities across various organizations [4]. Event Participation - VirTra will conduct live demonstrations of the V-One and showcase new training scenarios at the IACP Conference from October 18-21 [5]. Company Background - VirTra has been a provider of judgmental use-of-force and firearms training simulators since 1993, focusing on realistic training to prepare officers for challenging real-world situations [6].

Core Insights - VirTra, Inc. has received a $4.8 million multi-site award from the Bogotá Law Enforcement and Professional Division, part of the U.S. Department of State's Bureau of International Narcotics and Law Enforcement Affairs (INL), expected to be completed by mid-2026 [1][2] Group 1: Award Details - The award aims to enhance law enforcement training in Colombia, aligning with U.S. foreign assistance goals focused on police training and capacity building [2] - VirTra will provide seven four-screen V-ST PRO systems, along with Recoil Kits (RKs) and Advanced Skills Magazines (ASMs), to improve marksmanship training across various sites [3][4] Group 2: Technology and Training Capabilities - The V-ST PRO system features VirTra's proprietary V-Marksmanship program, allowing for diverse target training and scenarios that are challenging to replicate in traditional settings [3] - The simulator technology includes components that simulate reloads, malfunctions, and weapon handling skills, providing realistic training environments [4] Group 3: Company Growth and Future Prospects - The award signifies a milestone in VirTra's international growth and reflects the confidence global agencies have in its training technology [5] - The company recently announced full deployment with the Royal Canadian Mounted Police (RCMP) and is strengthening relationships with law enforcement agencies worldwide [5]

Core Insights - VirTra, Inc. has achieved full deployment of 20 training simulators for the Royal Canadian Mounted Police (RCMP) after successful field testing and validation [1][4] - The deployment follows the completion of the approval and certification process, indicating potential for future system purchases across Canada [2][4] - The training systems received positive feedback for their accuracy, reliability, and real-world readiness during rigorous testing [3][4] Company Overview - VirTra is a global provider of judgmental use-of-force training simulators and firearms training simulators for law enforcement, military, educational, and commercial markets [6] - The company's technologies focus on de-escalation, judgmental use-of-force, and marksmanship training that mimics real-world situations [6] - VirTra aims to save and improve lives worldwide through practical and effective virtual reality and simulator technology [6] Leadership Perspective - John Givens, Chairman and CEO of VirTra, emphasized the company's commitment to delivering advanced technology and reliable tools that enhance officer confidence and skill [5] - The partnership with the RCMP reinforces VirTra's position as a trusted partner for law enforcement training globally [5]

Core Insights - VirTra, Inc. reported a 15% year-over-year increase in total revenue for Q2 2025, reaching $7.0 million, and a 5% increase for the first six months, totaling $14.1 million [3][13][9] - The company maintained positive net income and strong gross margins despite a decrease in gross profit and net income compared to the previous year [6][11][15] - Management highlighted improvements in federal funding trends and the reopening of the Department of Justice COPS grant program as positive developments for future demand [6][17] Financial Performance - Total revenue for Q2 2025 was $7.0 million, up from $6.1 million in Q2 2024, while total revenue for the first six months was $14.1 million compared to $13.4 million in the prior year [3][9] - Gross profit for Q2 2025 was $4.8 million, representing a gross margin of 69%, down from $5.5 million and 91% in Q2 2024 [14][10] - Net income for Q2 2025 was $0.2 million, or $0.02 per diluted share, compared to $1.2 million, or $0.11 per diluted share, in the prior year [15][11] Operational Highlights - Bookings for Q2 2025 were $4.6 million, an increase from $3.6 million in Q2 2024, contributing to a total of $32.1 million over the last twelve months [8] - The backlog as of June 30, 2025, totaled $18.8 million, with $7.1 million in Capital, $5.7 million in Service, and $6.0 million in STEP contracts [8] - The STEP® recurring revenue program maintained renewal rates around 95%, with an increasing number of customers transitioning to new three-year agreements [8] Cash Position and Working Capital - Cash and cash equivalents were $20.7 million as of June 30, 2025, up from $17.6 million at the end of Q1 2025 [16] - The company maintained robust working capital of $34.1 million, positioning it for sustained growth and operational agility [8][16] - Net operating expenses for the first six months decreased by 9% to $7.7 million, reflecting disciplined cost management [11]