The contract ceiling is modest relative to VirTra's revenue base, but the sole-source nature and multi-year term provide visibility into recurring service revenue. Monitor future 10-Q filings for actual order activity under the IDIQ and any follow-on awards from other federal agencies.
Price Chart
Executive Summary
VirTra announced a sole-source IDIQ contract with U.S. Customs and Border Protection (CBP) valued at up to $14 million over five years for maintenance, modernization, and support of its training systems. The award underscores VirTra's ability to generate recurring revenue from its installed federal base, though the contract ceiling does not guarantee minimum orders.
Key Financial Metrics
Key Facts
- Sole-source IDIQ contract with CBP, maximum potential value of $14 million over 5 years
- Scope includes hardware modernization, software updates, preventative maintenance, and remote support
- Work begins in Q1 2027, covering CBP training sites across the continental U.S., Alaska, Hawaii, Puerto Rico, Guam, and other territories
- Contract awarded on a sole-source basis, reflecting VirTra's unique ability to sustain and modernize its installed systems
Financial Impact
Up to $14 million in potential revenue over 5 years, but no guaranteed minimum orders
Risk Factors
- Contract ceiling of $14 million does not guarantee any minimum orders or revenue
- Execution risk in modernizing systems across a wide geographic footprint
- Dependence on continued federal budget allocation for CBP training programs
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3375165 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $2.76 | awaiting T+60 | — | $2.68 (−2.90%) |
Aug 3, 2026 12w ago | Press Release | $3.06 | awaiting T+60 | — | $2.68 (−12.42%) |
Jun 11, 2026 19w ago | Institutional Cluster | $3.41 $3.09 | ▲ +9.38% | ▲ +13.78% | $2.68 (+21.41%) |
May 11, 2026 24w ago | 8-K | $3.48 $3.07 | ▲ +11.78% | ▲ +16.17% | $2.68 (+22.99%) |
May 11, 2026 24w ago | Press Release | $3.48 $3.07 | ▲ +11.78% | ▲ +16.17% | $2.68 (+22.99%) |
Mar 26, 2026 30w ago | Press Release | $3.74 $3.17 | ▼ −15.13% | ▼ −31.19% | $2.68 (−28.25%) |
Mar 12, 2026 32w ago | Press Release | $4.29 $3.35 | ▼ −21.91% | ▼ −33.53% | $2.68 (−37.53%) |
US Market Status
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