Virtra ( (VTSI) ) has released its Q4 earnings. Here is a breakdown of the information Virtra presented to its investors.
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VirTra, Inc. is a global provider of judgmental use of force and firearms training simulators for law enforcement and military markets, known for its advanced virtual reality and simulator technology. In its latest earnings report, VirTra highlighted a 37% increase in fourth-quarter bookings to $12.2 million and an expanded year-end backlog of $22.0 million, despite challenges in federal funding. The company secured significant contracts in Europe and Latin America and achieved its first sale of the V-XR® training platform in Canada, marking a notable expansion in international markets. However, VirTra reported a 50% decline in fourth-quarter revenue compared to the previous year, primarily due to federal budget delays impacting contract execution. Despite these challenges, the company maintained a strong working capital position of $34.8 million, supporting its growth initiatives. Looking ahead, VirTra remains focused on navigating federal funding variability while expanding its role in federal law enforcement training initiatives and advancing its military programs. The company aims to accelerate sales growth and enhance operational efficiency to capitalize on future opportunities.