<span item_type="fundamental" item_id="77f30f4d78138579741c04912d6d84a9" counter_id="ST/US/VTSI" env="prod"></span><span item_type="announcement" item_id="647287997142992897" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 3.474 M, beating the estimate of USD 2.732 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.12.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -1.35 M.</p><p></p><h3>Financial Highlights (Three Months Ended March 31, 2026 vs. March 31, 2025)</h3><ul><li><h4>Total Revenue</h4><p>Total revenue for VirTra, Inc. was $3.5 million in Q1 2026, marking a -51% decrease from $7.2 million in Q1 2025. This decrease was attributed to Q3 and Q4 booking customers being unable to accept delivery in Q1 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Gross Profit</h4><p>Gross profit was $2.1 million in Q1 2026, a -59% decrease from $5.2 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Gross Margin</h4><p>The gross margin was 61% in Q1 2026, down from 73% in Q1 2025, partly due to Subscription Training Equipment Partnership (STEP) revenue representing a larger percentage of total revenue.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Net Operating Expense</h4><p>Net operating expense was $3.5 million in Q1 2026, compared to $3.8 million in Q1 2025, reflecting disciplined cost management.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Loss from Operations</h4><p>VirTra, Inc. reported a loss from operations of -$1.3 million in Q1 2026, compared to income from operations of $1.4 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Net Income (Loss)</h4><p>The net income (loss) was -$1.3 million in Q1 2026, compared to a net income of $1.3 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Diluted EPS</h4><p>Diluted EPS was -$0.12 per diluted share in Q1 2026, compared to $0.11 per diluted share in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA was -$0.9 million in Q1 2026, compared to $1.7 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li></ul><h3>Operational Highlights (Q1 2026)</h3><ul><li><h4>Bookings and Backlog</h4><p>Bookings totaled $3.8 million, and the total backlog stood at $25.2 million as of March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Product Development and Customer Engagement</h4><p>VirTra, Inc. demonstrated its next-generation Drone Defense Training System for corrections professionals and advanced engagement across law enforcement, corrections, federal, and international markets. The company also expanded engagement with U.S. military branches, including demonstrations with Army and Marine Corps groups.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Technology Integration</h4><p>APEX Data Reporting and Analytics Integration positively impacted customers, leading to successful demonstrations for U.S. military groups and a recent international contract win.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li></ul><h3>Cash Flow (Three Months Ended March 31, 2026 vs. March 31, 2025)</h3><ul><li><h4>Net Cash Provided by (Used in) Operating Activities</h4><p>Net cash provided by (used in) operating activities was -$580,391 in Q1 2026, compared to $65,691 provided in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Net Cash Provided by (Used in) Investing Activities</h4><p>Net cash provided by (used in) investing activities was -$96,875 in Q1 2026, compared to -$428,371 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Net Cash (Used in) Financing Activities</h4><p>Net cash (used in) financing activities was -$67,154 in Q1 2026, compared to -$65,521 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li><li><h4>Net Decrease in Cash</h4><p>The net decrease in cash was -$744,420 in Q1 2026, compared to -$428,201 in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p></li></ul><h3>Outlook / Guidance</h3><p>VirTra, Inc. anticipates improved sales momentum in the second half of 2026 as funding programs reopen and customer procurement processes advance.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span> The company has observed a doubling of qualified leads over the past three months due to a more targeted commercial strategy.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span> Management believes VirTra, Inc. is well-positioned as funding and procurement conditions continue to normalize, addressing evolving training needs such as drone defense and de-escalation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1085243/000149315226022226/ex99-1.htm"></span></p>

Virtra | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 3.474 M