VirTra Inc (VTSI) Q3 2024 Earnings Call Highlights: Strong Sales Momentum and Strategic Growth ... [Yahoo! Finance]
VirTra, Inc. (VTSI)
NASDAQ:AMEX Investor Relations:
virtra.com/investor-relations
Company Research
Source: Yahoo! Finance
VirTra Inc ( NASDAQ:VTSI ) reported a 23% increase in revenue from Q2 2024, reaching $7.5 million, indicating strong sales momentum. Q3 bookings rose significantly by 51% from Q2 2024, showcasing the effectiveness of sales enhancement initiatives. Gross margins improved to 73% from 71% in Q3 2023, reflecting operational efficiencies and a favorable mix of high-margin services. The company is expanding its international reseller network, which is expected to drive further growth in bookings. VirTra Inc ( NASDAQ:VTSI ) is making progress in military markets, with ongoing work with the US Army and other Department of Defense channels, indicating potential for large-scale contracts. Total revenue for the first nine months of 2024 was down to $21.7 million from $27.9 million in the prior year period, primarily due to funding delays. Net operating expenses increased by 28% year over year, driven by strategic investments in sales, marketing, and IT infrastructure. Operating in
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VTSI
News
- VirTra, Inc. Just Beat Revenue By 15%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- VirTra Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line [Yahoo! Finance]Yahoo! Finance
- VirTra Reports Third Quarter and Nine Month 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- VirTra Reports Third Quarter and Nine Month 2024 Financial ResultsGlobeNewswire
- What To Expect From VirTra Inc (VTSI) Q3 2024 Earnings [Yahoo! Finance]Yahoo! Finance
VTSI
Earnings
- 11/12/24 - In-Line
VTSI
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- VTSI's page on the SEC website