Virtra ( (VTSI) ) has released its Q1 earnings. Here is a breakdown of the information Virtra presented to its investors.
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VirTra, Inc. is a global provider of advanced training simulators for law enforcement and military markets, specializing in judgmental use of force and firearms training. The company is known for its innovative virtual reality technologies that mimic real-world scenarios to enhance training effectiveness.
In its first quarter of 2025, VirTra reported a net income increase to $1.3 million, with bookings up by 120% year-over-year, reaching $6.4 million. Despite a slight decrease in total revenue, the company achieved significant growth in gross profit and maintained a strong financial position with a robust working capital.
Key financial metrics for the quarter included a gross profit of $5.2 million, reflecting a 10% increase from the previous year, and a gross margin improvement to 72.6%. The company’s net income rose significantly from $0.5 million in the first quarter of 2024 to $1.3 million in 2025. VirTra also reported an adjusted EBITDA of $1.7 million, marking a 22% increase.
VirTra’s strategic initiatives included reentering the GSA procurement program and advancing development under the U.S. Army’s IV AS program. The company also noted growing interest in its V-XR product, with expectations for further deliveries in the coming quarters.
Looking ahead, VirTra’s management remains optimistic about the company’s growth prospects, focusing on disciplined execution and aligning with evolving customer needs. With strong financial health and strategic advancements, VirTra is well-positioned to capitalize on future opportunities in the training simulator market.