VirTra, Inc.
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Range $5 – $7.5
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About the company
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 immersive simulators, such as the V-300, which offers a 300-degree wrap-around screen for extensive training scenarios.
- CEO
- John F. Givens
- IPO
- 2012
- Employees
- 94
- HQ
- Chandler, AZ, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $34.94M
- P/E
- -12.64
- Fwd P/E
- 47.54
- PEG
- -0.00
- P/S
- 2.00
- P/B
- 0.79
- EV/EBITDA
- -22.65
- Div Yield
- 0.00%
- Gross Margin
- 61.39%
- Op Margin
- -19.20%
- Net Margin
- -15.83%
- ROE
- -6.13%
- ROIC
- -5.80%
Latest fiscal year · YoY change
- Revenue
- $22.40M-15.0%
- Gross Profit
- $15.20M-21.7%
- Op Income
- $437.50K
- Net Income
- $258.45K-81.0%
- EPS
- $0.02-80.9%
- OCF Growth
- +264.9%
- FCF Growth
- +622.3%
- 52W High
- $6.29
- 52W Low
- $2.88
- 50D MA
- $3.16
- 200D MA
- $4.11
- Beta
- 0.72
- RSI (14)
- 48
- Avg Volume
- 45.38K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
VirTra said Q2 improved sequentially on stronger bookings and revenue conversion, but results were still constrained by funding and procurement timing.· August 13, 2026
- Q2 revenue was $5.8 million, up from $3.5 million in Q1 but down from $7.0 million a year ago.
- Bookings rose to $5.5 million from $3.8 million in Q1, and backlog ended at about $24.9 million.
- Gross margin was 59% in Q2 versus 69% in the prior-year quarter, reflecting lower volume and ongoing content/product investment.
- Cash and cash equivalents were $14.3 million at June 30, and the Orlando campus acquisition was completed during the quarter.
- Management said grant reopenings, renewed federal activity, and U.S. Army marketplace acceptance point to improving demand conversion, though timing remains uneven.
Second-quarter revenue was $5.8 million, compared with $7.0 million in the prior-year period and $3.5 million in Q1 2026. Government revenue was $3.5 million versus $5.4 million a year ago, and international revenue was $2.2 million versus $1.4 million a year ago. Gross profit was $3.4 million, or 59% of revenue, versus $4.8 million, or 69% a year ago; net loss was $0.3 million, or $0.02 per diluted share, versus net income of $0.2 million, or $0.02 per diluted share. For the first six months, revenue was $9.2 million versus $14.1 million, gross profit was $5.5 million at 60% margin versus $10.0 million at 71%, and net loss was $1.6 million, or $0.14 per diluted share, versus net income of $1.4 million, or $0.13 per diluted share. Bookings were $5.5 million, backlog was approximately $24.9 million, adjusted EBITDA was $0.4 million in Q2, and cash and cash equivalents were $14.3 million at June 30. The company did not provide formal next-quarter or full-year financial guidance, but said it expects additional backlog conversion in the remainder of the year while timing will continue to depend on customer funding, procurement, installation schedules, and acceptance timelines.
John Givens framed the quarter as evidence that demand is intact and the main issue is timing, not lack of interest. He pointed to reopened grants, renewed federal activity, stronger bookings, and the U.S. Army marketplace acceptance across three categories as signs that the funding environment is moving in VirTra’s favor. He also highlighted the Orlando campus acquisition as a strategic expansion of the company’s defense footprint and said the business is seeing more proposal activity internationally and in military channels.
Alanna Boudreau emphasized that Q2 revenue improved sequentially to $5.8 million, with international revenue of $2.2 million helping offset the timing pressure in government revenue. She said gross profit was $3.4 million, or 59% of revenue, down from 69% a year ago, mainly due to lower volume and continued investment in content production and product development. She noted operating expense discipline, with net operating expense at $3.6 million versus $3.9 million last year, and said cash was $14.3 million at quarter-end after inventory builds and the Orlando facility purchase. She also said backlog was $24.9 million, split into $13.2 million capital, $3.8 million service, and $7.9 million STEP contracts.
Analysts asked what specific indicators are driving management’s greater confidence in the funding environment and how that translates into revenue. Givens cited three reopened grants dating back to October 2024, customer submissions now moving toward awards, military RFIs and RFPs, and acceptance into the U.S. Army marketplace in weapons skills, joint fires, and counter-UAS. On international, he said the business is inherently lumpy and not consistent because of long RFP and timing delays, but that overseas demand is being driven by UAS and other mission-critical needs, with some Q2 revenue coming from previously awarded orders that customers were only able to take delivery of later.
The positive case is that VirTra sees the demand environment as healthy and increasingly unblocked by funding and procurement processes. Bookings improved sharply quarter over quarter, backlog stayed near $24.9 million, and management described stronger international activity, renewed federal engagement, and U.S. Army marketplace access as meaningful longer-term catalysts.
The main risk remains timing: management repeatedly said revenue depends on grant awards, procurement approvals, installations, and customer acceptance schedules that are outside its control. Gross margin fell to 59% from 69% a year ago, six-month revenue and operating results were down sharply, and management said the international business is inherently lumpy and not predictable. Cash also declined to $14.3 million from $18.6 million at year-end after inventory investment and the Orlando acquisition.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 96.4%
- Shares Outstanding
- 11.31M
- Float Shares
- 10.90M
of shares held by institutions
47 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 521.68K | ▲ 12.21K |
| Perritt Capital Management Inc | 58.26K | 0 |
| Cwm, LLC | 12 | ▲ 12 |
Held by 24 ETFs
Biggest fund positions in VTSI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 22, 26 | Ayers Michael T. | other | 4,470 |
| Jun 22, 26 | BARBER GRANT | other | 1,392 |
| Jun 22, 26 | Gervais Maria R. | other | 4,126 |
| Jun 22, 26 | JOHNSON GREGG C | other | 2,751 |
| May 29, 26 | BARBER GRANT | buy | 2,500 |
| May 15, 26 | Boudreau Alanna | buy | 5,000 |
| May 15, 26 | BARBER GRANT | buy | 2,750 |
| May 15, 26 | BARBER GRANT | buy | 2,150 |
| May 14, 26 | BARBER GRANT | buy | 23 |
| May 14, 26 | BARBER GRANT | buy | 1,102 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
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Recent articles, reports, and earnings notes.
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Generate VTSI report →VirTra Awarded $1.5M Sole-Source Contract from the U.S. Army to Support Firearms Training in Tajikistan
globenewswire.com · Aug 20
VirTra, Inc. (VTSI) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 13
VirTra, Inc. (VTSI) Reports Q2 Loss, Tops Revenue Estimates
zacks.com · Aug 13
VirTra Reports Second Quarter and Six Months 2026 Financial Results
globenewswire.com · Aug 13
VirTra, Inc. (VTSI) Increases Yet Falls Behind Market: What Investors Need to Know
zacks.com · Aug 4
VirTra Accepted for Inclusion in U.S. Army Marketplace for Three Mission-Critical Capability Areas
globenewswire.com · Jul 30
VirTra, Inc. (VTSI) Stock Declines While Market Improves: Some Information for Investors
zacks.com · Jul 27
Here's Why VirTra, Inc. (VTSI) Fell More Than Broader Market
zacks.com · Jul 20
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