Business
VirTra Reports First Quarter 2025 Financial Results
Net Income Rises to $1.3 Million Bookings Up 120% Year Over Year to $6.4 Million CHANDLER, Ariz., May 12, 2025 (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, reported results for the first quarter ended March 31, 2025. The financial statements are available on VirTra’s website and here. First Quarter 2025 and Recent Operatio
About this update from Virtra, Inc.
[{"type":"image","alt":"VirTra, Inc.","displaySize":"","headline":null,"caption":"VirTra, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":205,"height":70,"url":"https://media.zenfs.com/en/globenewswire.com/c07388779110062f2330f7b509983acd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zTXzicWhMAvNIPwmAFvq5g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTEyMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c07388779110062f2330f7b509983acd","width":205,"height":70}},"lazy":false},{"type":"text","content":"Net Income Rises to $1.3 Million","length":32,"tagName":"p"},{"type":"text","content":"Bookings Up 120% Year Over Year to $6.4 Million","length":47,"tagName":"p"},{"type":"text","content":"CHANDLER, Ariz., May 12, 2025 (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, reported results for the first quarter ended March 31, 2025. The financial statements are available on VirTra’s website and here.","length":390,"tagName":"p"},{"type":"text","content":"First Quarter 2025 and Recent Operational Highlights:","length":53,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter bookings totaled $6.4 million, a strong increase from $2.9 million in Q1 2024 and contributing to $33.4 million in bookings over the last twelve months, reflecting continued traction despite persistent federal funding uncertainty, including delayed disbursements and continuing resolutions.","length":304,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog totaled $21.2 million as of March 31, 2025, including $9.9 million in Capital, $5.8 million in Service, and $5.5 million in STEP contracts.","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"V-XR® product momentum increased, with two units sold to date and growing interest reflected in active quotes and customer engagement.","length":134,"tagName":"p"}]},{"val":[{"type":"text","content":"Reentered the GSA procurement program with bundled offerings to streamline purchases and reduce sales cycle friction across federal and municipal buyers.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Advanced development work under the U.S. Army’s IVAS program, including expande...