VirTra, Inc VTSI
are a corporation organized and existing under the laws of the State of Nevada. The original business started in 1993 as Ferris Productions,
Inc. In September 2001, Ferris Productions, Inc. merged with GameCom, Inc. to ultimately become VirTra Systems, Inc., a Texas corporation.
as of October 1, 2016, we completed a conversion from a Texas corporation to a Nevada corporation pursuant to a Redomestication Plan
of Conversion (the "Plan of Conversion") that was approved by our Board of Directors on June 23, 2016, and by our stockholders
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.4M | $26.4M | $38.3M | $28.3M | $24.4M | $19.1M | $18.7M | $18.1M | $16.5M | $15.7M |
| Cost of revenue | $7.2M | $6.9M | $11.4M | $12.0M | $13.0M | $7.2M | $9.0M | $7.0M | $6.3M | $6.0M |
| Gross profit | $15.2M | $19.4M | $26.9M | $16.3M | $11.4M | $11.9M | $9.7M | $11.0M | $10.2M | $9.7M |
| R&D | $2.4M | $3.0M | $2.8M | $2.6M | $1.9M | $1.6M | $1.3M | $1.4M | $1.3M | $1.1M |
| SG&A | $12.4M | $14.4M | $14.2M | $11.1M | $8.1M | $9.1M | $8.1M | $8.7M | $7.6M | $6.5M |
| Total operating expenses | $14.8M | $17.4M | $17.0M | $13.7M | $10.0M | $10.7M | $9.5M | $10.0M | $8.9M | $7.6M |
| Operating income | $437.5K | $2.0M | $9.9M | $2.6M | $1.5M | $1.2M | $262.3K | $999.9K | $1.3M | $2.1M |
| Pre-tax income | $147.2K | $2.3M | $10.5M | $2.5M | $2.8M | $1.3M | $371.4K | $1.1M | $757.0K | $2.2M |
| Income tax | $111.3K | $887.3K | $1.8M | $571.6K | $246.1K | $218.8K | $446.7K | $310.0K | $2.5M | $102.8K |
| Net income | $258.4K | $1.4M | $8.7M | $2.0M | $2.5M | $1.5M | -$75.3K | $818.1K | $3.3M | $2.1M |
| EPS, basic | 0.02 | 0.12 | 0.85 | 0.18 | 0.25 | 0.19 | -0.01 | 0.10 | 0.41 | 0.26 |
| EPS, diluted | 0.02 | 0.12 | 0.85 | 0.18 | 0.25 | 0.19 | -0.01 | 0.10 | 0.39 | 0.24 |
| Shares, diluted (wtd. avg.) | $11.3M | $11.2M | $11.0M | $10.9M | $10.1M | $7.8M | $7.7M | $8.3M | $8.4M | $8.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.6M | $18.0M | $18.8M | $13.5M | $19.7M | $6.8M | $1.4M | $2.5M | $5.1M | $3.7M |
| Receivables | $5.5M | $7.5M | $16.5M | $3.0M | $3.9M | $1.4M | $2.3M | $1.3M | $1.5M | $3.2M |
| Inventory | $13.1M | $14.6M | $12.4M | $9.6M | $5.0M | $3.5M | $1.9M | $1.6M | $1.7M | $1.3M |
| Total current assets | $41.0M | $44.0M | $49.7M | $34.1M | $33.5M | $17.5M | $11.5M | $10.4M | $10.1M | $8.6M |
| Property, plant and equipment | $16.3M | $16.2M | $15.5M | $15.3M | $12.9M | $1.4M | $1.0M | $678.2K | $677.3K | $814.3K |
| Other intangibles | $2.5M | $558.7K | $567.5K | $587.8K | $535.1K | $271.0K | $217.9K | — | — | — |
| Total assets | $65.1M | $65.0M | $70.4M | $53.8M | $49.6M | $22.8M | $17.5M | $15.2M | $14.8M | $9.9M |
| Accounts payable | $784.1K | $957.4K | $2.3M | $1.3M | $789.4K | $345.6K | $621.1K | $429.9K | $535.8K | $467.7K |
| Total current liabilities | $10.2M | $9.6M | $15.8M | $9.8M | $7.6M | $7.3M | $4.4M | $3.6M | $4.4M | $3.4M |
| Long-term debt | $7.5M | $7.8M | $128.8K | — | — | — | — | — | — | — |
| Total liabilities | $19.5M | $19.8M | $27.0M | $20.1M | $18.3M | $11.1M | $7.3M | $4.6M | $4.5M | $3.5M |
| Retained earnings | $12.5M | $12.3M | $11.4M | $2.3M | $304.2K | -$2.2M | -$3.7M | -$3.6M | -$4.5M | -$7.7M |
| Total equity | $46.8M | $44.9M | $42.9M | $33.7M | $31.2M | $11.7M | $10.2M | $10.6M | $10.4M | $6.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.6M | $1.3M | $6.7M | -$2.7M | -$125.7K | $2.2M | -$1.9M | $1.8M | $2.7M | $1.8M |
| Depreciation and amortisation | $1.8M | $1.1M | $928.5K | $887.1K | $589.1K | $380.2K | $308.0K | $291.9K | $270.9K | $192.6K |
| Stock-based compensation | $141.0K | $777.1K | $75.0K | $456.2K | $223.7K | — | — | $7.1K | $167.5K | $181.8K |
| Capital expenditure | $1.5M | $1.8M | $1.1M | $3.2M | $3.4M | — | $171.5K | $292.8K | $133.8K | $309.5K |
| Investing cash flow | -$3.8M | -$1.8M | -$1.1M | -$3.3M | -$3.7M | $1.9M | $1.2M | -$3.8M | -$133.8K | -$830.3K |
| Financing cash flow | -$253.5K | -$220.7K | -$188.2K | -$190.4K | $16.7M | $1.3M | -$352.1K | -$625.3K | -$1.1M | -$538.0K |
| Buybacks | — | — | — | — | — | — | $318.2K | $381.9K | $112.1K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-012903.
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