Latest news with #VirTra
Yahoo
13-05-2025
- Business
- Yahoo
VirTra Inc (VTSI) Q1 2025 Earnings Call Highlights: Strong Profitability Amid Revenue Challenges
Total Revenue: $7.2 million, a 3% decrease from the prior year period. Government Revenue: $5.2 million, down from $6.7 million in the prior year period. International Revenue: $1.9 million, up from $550,000 in the prior year period. Gross Profit: $5.2 million or 73% of total revenue, up from $4.7 million or 64% in the prior year period. Net Operating Expense: $3.8 million, a 6% decrease from $4.1 million in the prior year period. Operating Income: $1.4 million, a 110% increase from $650,000 in the prior year period. Net Income: $1.3 million or $0.11 per diluted share, a 170% increase from $470,000 or $0.04 per diluted share in the prior year period. Adjusted EBITDA: $1.7 million, a 22% increase from $1.4 million in the prior year period. Cash and Cash Equivalents: $17.6 million as of March 31, 2025. Bookings: $6.4 million, more than double the $2.9 million recorded in Q1 of 2024. Backlog: $21.2 million, segmented into $9.9 million in capital, $5.8 million in service, and $5.5 million in STEP contracts. Working Capital: Increased to $35.3 million. Warning! GuruFocus has detected 6 Warning Signs with VTSI. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. VirTra Inc (NASDAQ:VTSI) returned to GAAP profitability with strong gross margins in Q1 2025. The company reported a significant increase in bookings, totaling $6.4 million, more than double the previous year's Q1. VirTra Inc (NASDAQ:VTSI) successfully expanded its presence through targeted engagements and disciplined pipeline management. The company improved its sales efficiency by transitioning to a regional sales model and entering the GSA procurement channel. VirTra Inc (NASDAQ:VTSI) reported a 170% increase in net income compared to the prior year period. Total revenue for Q1 2025 decreased by 3% compared to the prior year period. Government revenue declined significantly from $6.7 million to $5.2 million year-over-year. Sales cycles are taking longer due to delayed budget approvals and grant allocations. Funding constraints and macroeconomic uncertainties continue to pose challenges for the company. Some international customers have requested deferred delivery into 2026, affecting revenue recognition. Q: Do you think macroeconomic dynamics contributed to any orders being pulled into Q1? A: John Givens, CEO: It's unclear if macro factors directly influenced this. Some agencies were trying to spend budgeted funds before they were retracted or shut down. Grant monies were awarded, and some funding was distributed even during budget holds. Each agency's situation varies, making it difficult to pinpoint a single cause. Q: Are you seeing demand for the V-XR platform from markets outside of healthcare, and is this demand driven by grant activity? A: John Givens, CEO: Yes, grant activity related to de-escalation and training is driving V-XR demand. Interest is also coming from adjacent markets like police, fire, and military, depending on their training objectives. Some markets, like private security, find headsets more suitable, and we're noting unmet needs for future development. Q: Regarding the STEP program and three-year agreements, are all customers being moved to these agreements, or is it optional? A: John Givens, CEO: We are encouraging customers to move to three-year agreements to accelerate the purchase cycle. This aligns with technological advancements and ensures equipment remains up-to-date. We offer options for years four and five if needed, but the focus is on keeping pace with technology. Q: Can you elaborate on the rationale behind changing the STEP program terms to three years? A: Alanna Boudreau, CFO: The change ensures more reliable revenue by reducing the ease of opting out. Previously, terms were too lenient, leading to potential revenue loss. The new terms provide greater confidence in securing revenue for three years. Q: Are there any specific challenges or opportunities you foresee in the coming quarters? A: John Givens, CEO: We anticipate ongoing challenges with funding constraints but are building an agile organization to convert backlog and support growth. Our strategic focus on sales, product development, and operations positions us well to adapt to evolving customer needs and market conditions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Insider
13-05-2025
- Business
- Business Insider
VirTra reports Q1 EPS 11c vs. 4c last year
Reports Q1 revenue $7.2M vs. $7.3M last year. The company states: 'First quarter bookings totaled $6.4 million, a strong increase from $2.9 million in Q1 2024 and contributing to $33.4 million in bookings over the last twelve months, reflecting continued traction despite persistent federal funding uncertainty, including delayed disbursements and continuing resolutions. Backlog totaled $21.2 million as of March 31, 2025, including $9.9 million in Capital, $5.8 million in Service, and $5.5 million in STEP contracts.' VirTra (VTSI) CEO John Givens stated, 'We started 2025 with improved operational execution and a solid backlog foundation, though bookings moderated quarter-over-quarter due to delays in federal budget disbursements, standard seasonality, and a more cautious demand environment across the law enforcement and defense sectors. These dynamics have reinforced the importance of programs like STEP, which provide affordable, recurring access to immersive training systems even when procurement cycles slow down. Our development efforts related to the U.S. Army's IVAS program also advanced during the quarter, including expanded recoil kit validation and reliability testing, which are key steps as we prepare for a potential transition into the production phase. Alongside this, demand for our V-XR platform continues to build, with the first delivery expected in Q2 and additional units already in process. With more focused sales and marketing functions, we're engaging priority agencies more directly and improving conversion across channels. As part of this effort, we reentered the General Services Administration procurement program in Q1 with standardized product bundles, enabling eligible agencies to purchase directly from a federal catalog and reducing friction in the purchasing process. VirTra is positioned to convert opportunity into growth in the quarters ahead. Our focus remains on disciplined execution and aligning closely with the evolving training needs of our customers.'
Yahoo
13-05-2025
- Business
- Yahoo
VirTra, Inc. (VTSI) Surpasses Q1 Earnings and Revenue Estimates
VirTra, Inc. (VTSI) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1,000%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced a loss of $0.08, delivering a surprise of -214.29%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. VirTra , which belongs to the Zacks Electronics - Military industry, posted revenues of $7.16 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.32%. This compares to year-ago revenues of $8.09 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. VirTra shares have lost about 33.3% since the beginning of the year versus the S&P 500's decline of -3.8%. While VirTra has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for VirTra: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $6.99 million in revenues for the coming quarter and $0.17 on $29.25 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Military is currently in the bottom 1% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Aerospace sector, Spire Global, Inc. (SPIR), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 14. This company is expected to post quarterly loss of $0.68 per share in its upcoming report, which represents a year-over-year change of -28.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Spire Global, Inc.'s revenues are expected to be $23.12 million, down 10% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VirTra, Inc. (VTSI) : Free Stock Analysis Report Spire Global, Inc. (SPIR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-04-2025
- Business
- Yahoo
Why VirTra, Inc. (VTSI) Is Among the Best Prison and Law Enforcement Stocks to Buy According to Analysts
We recently published a list of . In this article, we are going to take a look at where VirTra, Inc. (NASDAQ:VTSI) stands against other best prison and law enforcement stocks to buy. According to the United Nations Office on Drugs and Crime, an estimated 11.7 million people were detained in prisons across the globe at the end of 2019. This translates to the population of entire countries such as Belgium, Tunisia, Bolivia, or Burundi. The number of people detained in prisons has increased by over 25% since 2000. While a majority of the people imprisoned over the last two decades are men, at around 93%, the number of women in prisons is rising at a faster pace, undergoing a 33% growth as compared to a 25% rise in men. These growing numbers are being reflected in other trends in the industry as well. According to Grand View Research, the US law enforcement PPE (personal protective equipment) industry had a market size of $839.4 million in 2021. It is expected to grow at a compound annual growth rate of 5.0% between 2022 and 2030. Since awareness regarding officer safety in riot control and tactical situations is gaining ground, it is positively impacting growth in this industry. Demand for law enforcement PPE, including face shields, protective clothing, respirator masks, goggles, and surgical masks, especially surged during the COVID-19 pandemic. READ ALSO: and . Various other trends are also materializing in the law enforcement industry. At the end of 2024, CNBC reported that police departments across the United States are beginning to use AI to write police reports. Various companies are developing AI tools to aid police departments in easing the burden of administrative tasks, with law enforcement focusing on slashing budget pressures and crime rates while retaining and recruiting staff. However, legal experts are simultaneously raising red flags over the increasing use of AI in police work, citing concerns such as transparency, accuracy, and potential bias. These challenges can affect the future of AI in law enforcement and policing. A significant part of the impact depends upon the extent to which such tools are used and how they are adopted in the sector. CNBC reported that Utah State Senator Stephanie Pitcher, a defense attorney with Parker & McConkie, said the following about the situation: 'For all of the potential issues that AI technology creates in terms of admissibility of evidence, in terms of being completely transparent, in terms of trying to mitigate the biases that can be introduced into the system, I just don't know that it's worth it.' We sifted through stock screeners, financial media reports, and ETFs to compile a list of 20 prison and law enforcement stocks and chose the top 11 with the highest analyst upside potential as of April 25, 2025. We also included the number of hedge fund holders for each stock as of fiscal Q4 2024, sourcing the hedge fund sentiment data from Insider Monkey's database. The list is ordered in ascending order of analyst upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). View of interactive training coursework being conducted in the Virtual Interactive Coursework Training Academy. Analyst Upside: 104.71% Number of Hedge Fund Holders: 4 VirTra, Inc. (NASDAQ:VTSI) provides judgmental use of firearms training simulators, force training simulators, and driving simulators for law enforcement, military, commercial, and educational markets. Its simulators employ hardware, software, and content that create realistic training mechanisms without using live ammunition. In its latest fiscal Q4 2024 earnings report, the company reported a notable 37% growth in its Q4 bookings to $12.2 million and an expanded year-end backlog of $22.0 million. These trends emerged amid challenges in federal funding. VirTra, Inc. (NASDAQ:VTSI) also attained key contracts in Latin America and Europe and closed the first sale of its V-XR® training platform in Canada, marking its expansion into international markets. Although the company is facing challenges such as falling revenue, it maintained a strong working capital position of $34.8 million, supporting its growth initiatives. For the future, VirTra, Inc. (NASDAQ:VTSI) is focused on expanding its role in federal law enforcement training initiatives and navigating federal funding variability. In a report released on March 28, Richard Baldry from Roth MKM maintained a Buy rating on the company and set a price target of $9.50. Overall, VTSI ranks 2nd on our list of the best prison and law enforcement stocks to buy. While we acknowledge the potential for VTSI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VTSI but trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
07-04-2025
- Yahoo
‘Best I've ever seen': New simulator offers state-of-the-art training to all Illinois police departments
SPRINGFIELD, Ill. (NEXSTAR) — There's no replacement for the real thing, but officials at the Law Enforcement Training and Standards Board are hoping a new training simulator will be the next best option. The state just finished installing a state-of-the-art simulator for training police officers across Illinois. The VirTra simulator puts officers through a long list of scenarios, and each situation can be altered based on how the officer responds to what's happening. The huge screens wrap almost entirely around the officer in an attempt to fully immerse them in the situation, and the screens react to the guns, tasers and pepper spray that officers are given for the scenarios. Springfield Police cracking down on 'pop up parties' 'I can't understate the importance of this,' Chatham police officer Dave Leach said. 'I didn't get this 20 years ago.' Several police academies have simulators like this in the state, and larger police departments have their own simulators that don't have as many bells and whistles. This one, however, is going to be different, and it's all because of who can access it. 'I think the primary objective when we started looking at virtual reality training or simulation training in this manner was to close the gap on opportunities from large departments down to our smallest departments in the state,' Paul Petty, Manager of in service training at ILETSB said. 'Obviously, this offers both hands-on opportunity, but it also offers the opportunity to do individualized training with officers as we enhance certain skills. They can be soft skills, they can be more advanced skills, de-escalation skills.' Any department in the state can schedule trainings at the Springfield location for no cost, and officers can go through the training at any point in their careers, unlike at most academies. The state bought this simulator to meet some of training standards laid out in the SAFE-T Act. Man hit by freight train in Springfield, condition unknown 'What the SAFE-T Act did, namely, was identify deficiencies in law enforcement's training, one of them being providing hands on scenario based training that's boots on the ground,' Petty said. 'This virtual reality system will allow an officer to be immersed in a situation that is very real. You saw downstairs heart rates go up, anxiety goes up, voices go up there. There are variable factors in this scenario base.' The goal of the simulation training is to give officers the best idea of any situation they can be in. That way, they can learn from mistakes without real-world consequences. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
