The revenue miss and swing to loss confirm ongoing funding/procurement headwinds. Monitor H2 2026 for delivery acceleration as backlog converts; the $25.2M backlog provides some visibility but timing remains uncertain. Stock likely to trade down on the weak headline numbers despite the EPS beat vs low consensus.
Price Chart
Executive Summary
VirTra reported Q1 2026 revenue of $3.5M (down 51% YoY) and a net loss of $1.3M vs. $1.3M profit a year ago, missing consensus estimates. The sharp decline was driven by delayed customer deliveries as agencies work through funding and procurement processes, though management sees improving sales momentum in H2 2026.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $3.5M, down 51% from $7.2M YoY
- Net loss of $1.3M ($0.12/diluted share) vs. net income of $1.3M ($0.11/diluted share) YoY
- Gross margin compressed to 61% from 73% YoY
- Adjusted EBITDA -$0.8M vs. +$1.7M YoY
- Bookings of $3.8M in Q1 2026; total backlog $25.2M
- Cash and equivalents $17.9M, down from $18.6M at year-end 2025
- EPS of -$0.12 vs. consensus -$0.13 (beat by 44% on EPS, but revenue of $3.5M missed $2.7M consensus by 30%)
Financial Impact
Revenue decline of $3.7M (51%) YoY; net income swing of -$2.6M from profit to loss
Risk Factors
- Continued revenue timing variability and customer funding delays
- Gross margin pressure from higher STEP revenue mix
- Dependence on federal grant programs and procurement cycles
- Negative operating cash flow of $0.6M in Q1
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292308 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $2.76 | awaiting T+60 | — | $2.70 (−2.32%) |
Aug 3, 2026 12w ago | Press Release | $3.06 | awaiting T+60 | — | $2.70 (−11.90%) |
Jun 11, 2026 19w ago | Institutional Cluster | $3.41 $3.09 | ▲ +9.38% | ▲ +13.78% | $2.70 (+20.94%) |
May 11, 2026 24w ago | 8-K | $3.48 $3.07 | ▲ +11.78% | ▲ +16.17% | $2.70 (+22.53%) |
May 11, 2026 24w ago | Press Release | $3.48 $3.07 | ▲ +11.78% | ▲ +16.17% | $2.70 (+22.53%) |
Mar 26, 2026 30w ago | Press Release | $3.74 $3.17 | ▼ −15.13% | ▼ −31.19% | $2.70 (−27.82%) |
Mar 12, 2026 32w ago | Press Release | $4.29 $3.35 | ▼ −21.91% | ▼ −33.53% | $2.70 (−37.16%) |
US Market Status
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