Overview

* Firearms training simulator provider VirTra ( VTSI ) Q3 revenue fell 29% yr/yr, missing analyst expectations due to funding delays

* Adjusted EBITDA for Q3 dropped 91% yr/yr, reflecting challenging funding environment

* Company secured $4.8 mln contract in Colombia, expanding international presence

Outlook

* Company sees increased backlog and pipeline tied to grant-driven purchasing

* VirTra ( VTSI ) expects to benefit from DOJ COPS grant program funding

Result Drivers

* FUNDING DELAYS - Slower federal funding cycle affected revenue recognition, impacting Q3 results

* INTERNATIONAL EXPANSION - Secured $4.8 mln contract in Colombia and expanded presence in Canada

* NEW PRODUCT LAUNCH - Introduced V-One Portable Simulator for smaller agencies

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $5.30 $6.99

Revenue mln mln (2

Analysts

)

Q3 EPS -$0.03

Q3 Net -$400,00

Income 0

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for VirTra Inc ( VTSI ) is $8.25, about 34.7% above its November 7 closing price of $5.39

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)