Quarterly ResultMay 11, 2026, 04:07 PM
VirTra Q1 Net Loss $(1.3)M; Revenue Down 51% to $3.5M
AI Summary
VirTra, Inc. reported a net loss of $(1.3) million, or $(0.12) per diluted share, for Q1 2026, a significant decline from net income of $1.3 million in Q1 2025. Total revenue decreased 51% to $3.5 million, primarily due to customer delivery delays. Despite the financial downturn, the company achieved $3.8 million in bookings and maintained a backlog of $25.2 million. Management anticipates improved sales momentum in the second half of 2026, driven by re-engaging agencies, reopening funding programs, and increased qualified leads from a targeted commercial strategy.
Key Highlights
- Net loss was $(1.3) million, compared to net income of $1.3 million in Q1 2025.
- Total revenue decreased 51% to $3.5 million from $7.2 million in Q1 2025.
- Diluted EPS was $(0.12), down from $0.11 in Q1 2025.
- Gross profit was $2.1 million (61% margin), a 59% decrease from $5.2 million (73% margin) in Q1 2025.
- Bookings totaled $3.8 million in Q1 2026.
- Total backlog stood at $25.2 million as of March 31, 2026.
- Adjusted EBITDA was $(0.8) million, compared to $1.7 million in Q1 2025.
- Net operating expense decreased to $3.5 million from $3.8 million in Q1 2025.