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VirTra, Inc. reports developments tied to its judgmental use-of-force and firearms training simulators for law enforcement, military, corrections and security customers. Company news commonly covers financial results, conference calls, agency purchasing conditions, backlog and pipeline commentary, and product activity across immersive, portable and extended-reality training platforms.
VirTra updates also include demonstrations of systems such as the V-300, V-One, V-XR and Drone Defense Training System, as well as initiatives that expand access to simulation-based de-escalation, marksmanship and scenario training. Governance and advisory-board changes appear alongside operating updates for its simulator, software, service, installation and training activities.
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VirTra, Inc. (Nasdaq: VTSI) reported a strong performance for the full year 2022 with a 16% revenue growth, totaling $28.3 million. The company ended the year with a record backlog of $27.7 million and bookings of $33.0 million. Fourth quarter performance showed total revenue of $8.7 million and net income of $1.4 million, or $0.13 per diluted share. Gross profit for the full year reached $16.3 million, with a gross margin of 57.4%. Management attributes this success to strategic investments and a favorable demand environment in the law enforcement and military markets.
VirTra (Nasdaq: VTSI), a leader in judgmental use of force training simulators, will host a conference call on March 31, 2023, at 4:30 p.m. ET, to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The call will begin with a presentation followed by a Q&A session. Interested participants can join via U.S. dial-in at 1-877-407-9208 or international dial-in at 1-201-493-6784. A live broadcast of the call will be available, and a replay can be accessed from March 31 to April 14, 2023.