Return to GAAP Profitability
VirTra posted a return to GAAP profitability in Q1 2025, demonstrating strong financial performance despite a challenging environment.
Strong Gross Margins
The gross profit for Q1 improved to $5.2 million, or 73% of total revenue, compared to 64% in the prior year period, reflecting a 25% decrease in cost of sales.
Significant Increase in Bookings
Bookings for the quarter totaled $6.4 million, more than double the $2.9 million recorded in Q1 of 2024.
Expansion of Certified Training Content
VirTra expanded its certified training content to over 120 hours, reflecting a commitment to high-impact training solutions.
Improved Operational Efficiency
Operating income increased by 110% to $1.4 million compared to $650,000 in the prior year period.
V-XR Platform Interest
Growing interest in the V-XR extended reality platform, with two units sold and several more in active quote discussions.