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VirTra
(NASDAQ:VTSI)
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Rating:49Neutral
Price Target:
$3.00
▼(-5.66% Downside)
Action:Reiterated
Date:06/27/26
The score is held down primarily by deteriorating financial performance (revenue contraction and a return to losses) and bearish technical conditions (price below key moving averages with negative MACD). A low-leverage balance sheet and positive—though volatile—cash generation provide partial support, while valuation is constrained by a negative P/E and no dividend yield provided.
Positive Factors
Balance Sheet Strength
A conservative balance sheet with low leverage and a strong equity base gives VirTra durable financial flexibility. It can fund working capital, absorb procurement timing swings from public-sector customers, and pursue modest investments or R&D without immediate reliance on external debt.
Negative Factors
Revenue Decline
A material drop in TTM revenue reduces scale and undermines the recurring-service and upgrade revenue streams that anchor long-term returns. Persistent revenue contraction weakens operating leverage and makes it harder to cover fixed costs tied to R&D, manufacturing, and support.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A conservative balance sheet with low leverage and a strong equity base gives VirTra durable financial flexibility. It can fund working capital, absorb procurement timing swings from public-sector customers, and pursue modest investments or R&D without immediate reliance on external debt.
Read all positive factors
VirTra (VTSI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$38.10M
Dividend YieldN/A
Average Volume (3M)46.20K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth-33.51%
EPS Growth-788.76%
CountryUS
Employees94
SectorTechnology
Sector Strength88
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.24
Shares Outstanding11,306,885
10 Day Avg. Volume39,304
30 Day Avg. Volume46,195
Financial Highlights & Ratios
PEG Ratio-2.27
Price to Book (P/B)1.04
Price to Sales (P/S)2.11
P/FCF Ratio15.41
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$5.00Price Target Upside57.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$18.30M
VirTra Business Overview & Revenue Model
Company Description
VirTra, Inc. specializes in delivering cutting-edge simulation and firearms training solutions to a global clientele, including law enforcement, military, educational bodies, and commercial enterprises. Their product range features a variety of im...
How the Company Makes Money
VirTra makes money mainly by selling simulator systems and related training solutions to government and institutional customers. Key revenue streams include: (1) Sales of training simulator hardware and integrated systems (e.g., multi-screen proje...
VirTra Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: clear sequential operational momentum (strong bookings, higher quarter‑over‑quarter revenue, a healthy $24.9M backlog, international growth, military marketplace acceptance, and a strategic facility acquisition) contrasted with notable year‑over‑year declines in revenue and gross profit, operating and net losses, adjusted EBITDA deterioration YTD, and a meaningful reduction in cash. Management frames the trends as recovery in timing and demand, but financial results year over year remain weaker while funding/procurement timing continues to be the primary risk.Positive Updates
Sequential Revenue Recovery
Q2 2026 revenue of $5.8M increased 65.7% sequentially from $3.5M in Q1 2026, reflecting improved revenue conversion and international deliveries.
Negative Updates
Year‑Over‑Year Revenue Decline
Q2 2026 revenue of $5.8M declined 17.1% versus Q2 prior year ($7.0M); first six months revenue was $9.2M versus $14.1M prior year, a decline of 34.8% driven by delayed customer funding and procurement timing.
Read all updates
Q2-2026 Updates
Positive
Negative
Sequential Revenue Recovery
Q2 2026 revenue of $5.8M increased 65.7% sequentially from $3.5M in Q1 2026, reflecting improved revenue conversion and international deliveries.
Read all positive updates
Company Guidance
Management guided that demand remains intact and that they expect additional backlog conversion over the remainder of the year while cautoning that timing depends on customer funding and procurement; they noted the company is well‑positioned to fulfill orders quickly. Key metrics: Q2 revenue $5.8M (up from Q1 $3.5M, vs prior‑year Q2 $7.0M), bookings $5.5M (Q1 $3.8M), backlog ~$24.9M (capital $13.2M, service $3.8M, STEP $7.9M), Q2 government $3.5M / international $2.2M, six‑month revenue $9.2M (vs $14.1M), gross profit $3.4M (59%), Q2 net loss $0.3M ($0.02/share), adjusted EBITDA Q2 $0.4M, and cash $14.3M (vs $18.6M at 12/31/25); they also produced ~10 new scenarios and acquired an Orlando campus with expected rental income.VirTra Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.50M | 22.40M | 26.35M | 38.79M | 28.30M | 24.43M |
| Gross Profit | 10.74M | 15.20M | 19.41M | 27.41M | 16.25M | 11.41M |
| EBITDA | -1.41M | 2.08M | 3.67M | 12.39M | 3.83M | 3.38M |
| Net Income | -2.77M | 258.45K | 1.36M | 9.15M | 1.96M | 2.54M |
Balance Sheet | ||||||
| Total Assets | 27.99M | 66.25M | 65.45M | 70.38M | 53.81M | 49.58M |
| Cash, Cash Equivalents and Short-Term Investments | 14.31M | 18.59M | 18.04M | 18.85M | 13.48M | 19.71M |
| Total Debt | 11.42M | 7.83M | 8.26M | 8.79M | 9.56M | 9.37M |
| Total Liabilities | 12.26M | 20.66M | 19.76M | 27.01M | 20.13M | 18.35M |
| Stockholders Equity | 44.10M | 45.59M | 45.69M | 43.37M | 33.68M | 31.23M |
Cash Flow | ||||||
| Free Cash Flow | -5.71M | 3.07M | -588.31K | 5.55M | -6.03M | -3.86M |
| Operating Cash Flow | -4.18M | 4.59M | 1.26M | 6.68M | -2.69M | -125.74K |
| Investing Cash Flow | -1.96M | -3.78M | -1.85M | -1.13M | -3.34M | -3.74M |
| Financing Cash Flow | -246.61K | -253.45K | -220.71K | -188.18K | -190.42K | 16.73M |
VirTra Technical Analysis
Positive
3.18
Price Trends
3.18
Positive
3.60
Negative
4.15
Negative
Market Momentum
0.02
Negative
54.09
Neutral
68.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VTSI, the sentiment is Positive. The current price of 3.18 is above the 20-day moving average (MA) of 3.11, above the 50-day MA of 3.18, and below the 200-day MA of 4.15, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 54.09 is Neutral, neither overbought nor oversold. The STOCH value of 68.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VTSI.
VirTra Risk Analysis
VirTra disclosed 25 risk factors in its most recent earnings report. VirTra reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Uncertainty in the development, deployment, and use of AI in our products and services, as well as our business more broadly, could adversely affect our business and reputation. Q4, 2025
VirTra Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $115.18M | 24.39 | 8.33% | ― | 22.81% | 43.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $121.02M | 31.05 | 19.42% | ― | 18.78% | ― | |
53 Neutral | $82.13M | 20.48 | 6.63% | ― | 0.81% | -24.92% | |
49 Neutral | $38.10M | -13.21 | -6.13% | ― | -33.51% | -788.76% | |
46 Neutral | $255.40M | -3.78 | -82.97% | ― | -32.61% | 65.30% | |
43 Neutral | $60.41M | -0.32 | -1651.00% | ― | 1436.93% | 98.31% |
* Technology Sector Average
VTSI
VirTra
3.23
-2.42
-42.83%
SIF
SIFCO Industries
20.00
13.01
186.12%
XTIA
XTI Aerospace
1.62
-0.20
-10.99%
OPXS
Optex Systems Holdings
11.37
0.20
1.79%
CODA
Coda Octopus Group
10.58
2.91
37.94%
SIDU
Sidus Space, Inc. Class A
2.60
1.43
122.22%
VirTra Corporate Events
Executive/Board ChangesShareholder Meetings
VirTra Shareholders Back Board, Governance and Pay Practices
Positive
Jun 26, 2026
At its annual meeting of stockholders held on June 23, 2026, VirTra, Inc. elected five directors—John F. Givens II, Gregg C.E. Johnson, Michael T. Ayers, Lt. Gen.(R) Maria R. Gervais and Grant A. Barber—to serve one-year terms until th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.