VirTra, Inc. (VTSI)

VirTra Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	36.11	38.04	28.3	24.43	19.09	18.71
Revenue Growth (YoY)	14.36%	34.42%	15.83%	28.01%	2.01%	3.49%
Cost of Revenue	10.93	11.38	12.05	13.03	7.19	9
Gross Profit	25.18	26.67	16.25	11.41	11.9	9.71
Selling, General & Admin	14.89	14.24	11.05	8.09	8.76	8
Research & Development	2.72	2.79	2.61	1.87	1.6	1.35
Operating Expenses	17.62	17.03	13.66	9.95	10.36	9.34
Operating Income	7.56	9.64	2.59	1.45	1.54	0.37
Other Non Operating Income (Expenses)	0.73	0.59	-0.07	0.01	0.03	0.11
EBT Excluding Unusual Items	8.29	10.22	2.53	1.47	1.57	0.48
Other Unusual Items	0.07	-	-	1.32	-0.31	-0.11
Pretax Income	8.36	10.22	2.53	2.79	1.26	0.37
Income Tax Expense	1.69	1.82	0.57	0.25	-0.22	0.45
Net Income	6.67	8.4	1.96	2.54	1.48	-0.08
Net Income to Common	6.67	8.4	1.96	2.54	1.48	-0.08
Net Income Growth	54.27%	329.62%	-23.00%	71.81%	-	-
Shares Outstanding (Basic)	11	11	11	10	8	8
Shares Outstanding (Diluted)	11	11	11	10	8	8
Shares Change (YoY)	0.76%	0.83%	8.08%	28.39%	1.14%	-6.14%
EPS (Basic)	0.61	0.77	0.18	0.25	0.19	-0.01
EPS (Diluted)	0.61	0.77	0.18	0.25	0.19	-0.01
EPS Growth	53.18%	326.00%	-28.00%	31.58%	-	-
Free Cash Flow	8.33	5.55	-5.91	-3.57	2.25	-2.09
Free Cash Flow Per Share	0.76	0.51	-0.54	-0.36	0.29	-0.27
Gross Margin	69.72%	70.09%	57.43%	46.68%	62.35%	51.91%
Operating Margin	20.94%	25.33%	9.16%	5.95%	8.06%	1.98%
Profit Margin	18.48%	22.09%	6.91%	10.40%	7.75%	-0.40%
Free Cash Flow Margin	23.07%	14.60%	-20.90%	-14.63%	11.76%	-11.15%
EBITDA	8.5	10.56	3.48	2.04	1.92	0.68
EBITDA Margin	23.54%	27.77%	12.30%	8.36%	10.05%	3.63%
D&A For EBITDA	0.94	0.93	0.89	0.59	0.38	0.31
EBIT	7.56	9.64	2.59	1.45	1.54	0.37
EBIT Margin	20.94%	25.33%	9.16%	5.95%	8.06%	1.98%
Effective Tax Rate	20.20%	17.79%	22.62%	8.83%	-	120.27%
Revenue as Reported	36.11	38.04	28.3	24.43	19.09	18.71
Advertising Expenses	-	0.16	0.71	0.42	0.51	0.83

Source: S&P Capital IQ. Standard template.