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VirTra (VTSI) Q4 2024 earnings results (fourth quarter 2024)

10-K filed Mar 27, 2025

VirTra (VTSI) reported revenue of $5.4M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and -27% from the quarter before. Operating margin was -23.7%, net loss $1.6M (30.1% of revenue).

Revenue$5.4M
Year over year-47%
Quarter over quarter-27%
Operating margin-23.7%
Net earnings−$1.6M

VirTra, Q4 2024: revenue $5.4M (-48% year over year), operating margin -23.7%, net loss $1.6M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.

Q4 2024AmountQ/QY/Y
Revenue$5.4M-27%-47%
Operating profit−$1.3M——
Net earnings−$1.6M——
Operating cash flow−$1.4M——

What changed

Revenue was $5.4M in Q4 2024, down 47% year over year and down 27% from the previous quarter.

Gross margin was 67.5%, down 16.0 points from a year earlier. Operating costs exceeded revenue by $1.3M, an operating margin of -23.7%. Operating expenses fell 15% while revenue fell 47%. The quarter ended with a net loss of $1.6M, after a profit of $583K the previous quarter.

Operating cash flow was −$1.4M. Non-cash charges added back $302K of depreciation and amortization. Working capital and other items used $78K. Capital expenditures of $153K exceeded it, leaving free cash flow of −$1.6M.

Questions

What was VirTra's revenue in the fourth quarter 2024?

VirTra (VTSI) reported revenue of $5.4M for the fourth quarter 2024 (Q4 2024), -47% from a year earlier and -27% from the quarter before.

Was VirTra profitable in the fourth quarter 2024?

Operating loss was $1.3M (-23.7% of revenue) and net loss $1.6M.

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Source: VirTra 10-K on SEC EDGAR.