VirTra (NASDAQ:VTSI) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

VirTra (NASDAQ:VTSI) issued its earnings results on Monday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03), FiscalAI reports. VirTra had a return on equity of 0.11% and a net margin of 0.22%.The business had revenue of $3.47 million for the quarter, compared to the consensus estimate of $2.73 million.

Here are the key takeaways from VirTra’s conference call:

• Q1 revenue dropped to $3.5M from $7.2M a year earlier, producing a $1.3M net loss and adjusted EBITDA of ?$0.8M, highlighting near-term revenue pressure.
• Management reports customer funding and procurement activity is re?engaging, qualified leads have roughly doubled, and the company expects improving sales momentum in the second half of 2026 (typical conversion cycles remain around 6–12 months).
• Recurring STEP revenue grew to ~28% of Q1 sales (about $1M), and backlog stands at $25.2M (capital $13.2M, service $4.4M, STEP $7.6M), providing some revenue visibility as orders convert.
• Product traction is improving — the APEX analytics platform is receiving positive customer feedback and the company is advancing a next?generation drone?defense training solution and international engagements (e.g., INL Colombia) that could expand addressable markets.
• Inventory rose ~10% as VirTra pre?purchased components to avoid price/availability issues and invested in integrations and contract?specific work; management is maintaining disciplined expense control and will adjust discretionary spending as top?line clarity improves.

VirTra Price Performance

Shares of NASDAQ VTSI opened at $3.97 on Tuesday. VirTra has a fifty-two week low of $3.55 and a fifty-two week high of $7.47. The business has a fifty day moving average price of $4.28 and a two-hundred day moving average price of $4.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.01 and a quick ratio of 2.73. The stock has a market capitalization of $44.90 million, a PE ratio of 397.40 and a beta of 0.84.

Wall Street Analysts Forecast Growth

VTSI has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of VirTra in a report on Wednesday, January 21st. Wall Street Zen cut VirTra from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Zacks Research cut VirTra from a “hold” rating to a “strong sell” rating in a report on Monday, March 30th. Finally, Lake Street Capital dropped their price objective on VirTra from $7.00 to $5.00 and set a “buy” rating for the company in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, VirTra currently has an average rating of “Reduce” and an average price target of $5.00.

Hedge Funds Weigh In On VirTra

Several hedge funds and other institutional investors have recently modified their holdings of VTSI. Marshall Wace LLP bought a new position in shares of VirTra in the 2nd quarter valued at $868,000. Rothschild Wealth LLC bought a new position in shares of VirTra in the 4th quarter valued at $245,000. Squarepoint Ops LLC bought a new position in shares of VirTra in the 3rd quarter valued at $284,000. Jane Street Group LLC bought a new position in shares of VirTra in the 2nd quarter valued at $341,000. Finally, NewEdge Advisors LLC bought a new position in shares of VirTra in the 4th quarter valued at $186,000. Institutional investors own 14.69% of the company’s stock.

VirTra Company Profile

VirTra, Inc (NASDAQ: VTSI) develops and markets simulation-based training systems designed to enhance decision-making, marksmanship, and judgmental use-of-force skills for law enforcement, military, corrections, and commercial security organizations. The company’s virtual reality–based solutions integrate immersive video, scenario-based engagement, and live firearms training to create realistic, customizable exercises. By combining hardware, software, and content, VirTra aims to deliver comprehensive training environments that replicate real-world challenges faced by frontline professionals.

Key products in VirTra’s portfolio include the V-300 and V-150 immersive training simulators, which offer wraparound projection with touch-screen compatibility for weapon-mounted or handheld controls.