• Reported GAAP EPS of -$0.07 up 22.22% YoY • Reported revenue of $2.91M down -37.98% YoY
Bullish
VirTra achieved $26.7M in 2025 bookings and $25.6M backlog, while expanding its product line with V-One and Drone Defense systems, and strengthening military engagement and analytics.
Bearish
VirTra experienced a 15% revenue decrease to $22.4M and gross margin compression to 68% in 2025, primarily due to federal funding disruption and external funding timeline dependencies.