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VirTra Inc (VTSI)
NASDAQ:VTSI
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: -17.25%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging year for VirTra, primarily due to federal funding delays impacting revenue and contract execution. However, the company achieved significant bookings growth, international expansion, and operational improvements. The sentiment is neutral as the highlights and lowlights are balanced, with strategic advancements counteracting revenue declines.Company Guidance
During VirTra's fourth quarter and full year 2024 earnings call, the company provided guidance on its strategic initiatives and financial performance, highlighting several key metrics. Despite a challenging year due to federal funding delays, VirTra ended 2024 with a $22 million backlog and total bookings for the year amounting to $29.6 million, though this was a decline of $4.2 million compared to 2023. The company experienced sequential bookings growth each quarter and closed the year with $5.4 million in fourth-quarter revenue, a decrease from $10.9 million in the prior year period, largely due to federal budget delays. For the full year, revenue was $26.4 million, down from $38.8 million in 2023. However, the company noted a 24% increase in bookings for all federal services and STEP contracts, excluding 2023 design and prototype contracts. VirTra also reported a gross profit for the year of $19.4 million, representing 74% of total revenue, and adjusted EBITDA of $2.9 million compared to $12.4 million in 2023. Looking forward, VirTra remains focused on converting its backlog into revenue, scaling its content library, and leveraging extended reality technologies to enhance its training solutions. The company emphasized its ongoing efforts to strengthen customer relationships and improve sales and operational efficiencies.Strong Bookings Growth
Bookings for the fourth quarter grew to $12.2 million, a 37% sequential increase from Q3 2024. The full year 2024 bookings totaled $29.6 million, with bookings for federal services and STEP contracts increasing by 24%.
International Expansion
VirTra secured international contracts in Europe and Latin America, leading to a 68% increase in bookings from these regions. The company's training solutions are now operating in 44 countries.
V-XR Platform Launch
The company recorded its first V-XR platform sale in Canada, with strong early customer reception and positive feedback at industry shows.
Operational Improvements
VirTra made significant improvements in manufacturing capabilities, including a state-of-the-art production facility and investing in automation, positioning the company to handle large-scale contracts effectively.
Military Sector Advancements
Completed the final development phase for the U.S. Army's IVAS program 42 days ahead of schedule, leading to early testing completion and transitioning the program to Anduril.
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VTSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VTSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | $5.16 | $4.27 | -17.25% |
| Nov 12, 2024 | $6.65 | $8.17 | +22.86% |
| Aug 12, 2024 | $7.38 | $7.04 | -4.61% |
| May 14, 2024 | $16.41 | $11.51 | -29.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does VirTra Inc (VTSI) report earnings?
VirTra Inc (VTSI) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is VirTra Inc (VTSI) earnings time?
VirTra Inc (VTSI) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VTSI EPS forecast?
VTSI EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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