VirTra Q3 2023 Earnings Report

VirTra EPS Results

• Actual EPS: $0.15
• Consensus EPS: -$0.05
• Beat/Miss: Beat by +$0.20
• One Year Ago EPS: N/A

VirTra Revenue Results

• Actual Revenue: $7.56 million
• Expected Revenue: $5.64 million
• Beat/Miss: Beat by +$1.92 million
• YoY Revenue Growth: N/A

VirTra Announcement Details

• Quarter: Q3 2023
• Date: 11/14/2023
• Time: N/A

VirTra (NASDAQ:VTSI) provides use of force training and firearms training simulators for the law enforcement, military, and commercial markets worldwide. Its patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations. It offers V-300 simulator, a 300 degree wrap-around screen for simulation training; V-180 simulator, a 180 degree screen for smaller spaces or budgets; V-100, a single-screen based simulator system; V-100 MIL, a single-screen based simulator system; and V-ST PRO, a realistic single screen firearms shooting and skills training simulator. The company also provides Virtual Interactive Coursework Training Academy (V-VICTA), which enables law enforcement agencies to teach, train, test, and sustain departmental training requirements; and Subscription Training Equipment Partnership, a program that allows agencies to utilize its simulator products, accessories, and V-VICTA interactive coursework on a subscription basis. In addition, it offers V-Author software that allows users to create, edit, and train with content specific to agency's objectives and environments; Simulated Recoil Kits, a range of realistic and reliable simulated recoil kits/weapons; Threat-Fire, a device that applies real-world stress on the trainees during simulation training; and TASER, an OC spray and low-light training devices that interact with its simulators for training. The company sells its simulators and related products through a direct sales force and distribution partners. The company was founded in 1993 and is headquartered in Chandler, Arizona.