VirTra, Inc. reported its financial results for the second quarter and first half of 2025, revealing a total revenue of $6.98 million for the three months ending June 30, 2025, compared to $6.08 million for the same period in 2024, marking an increase of 14.9%. For the six months ended June 30, 2025, the company generated $14.14 million in revenue, up from $13.42 million in the prior year, reflecting a growth of 5.3%. Despite the revenue increase, the company experienced a decline in net income, which was $175,314 for the second quarter of 2025, down from $1.20 million in the same quarter of 2024. For the first half of 2025, net income was reported at $1.44 million, compared to $1.67 million in the previous year.
The financial performance was influenced by several factors, including a significant rise in the cost of sales, which increased to $2.17 million in the second quarter of 2025 from $550,424 in the same quarter of 2024. This increase in costs contributed to a decrease in gross profit, which fell to $4.81 million from $5.52 million year-over-year. Operating expenses also saw a decline, with general and administrative expenses decreasing to $3.29 million from $3.54 million in the prior year, while research and development expenses decreased to $608,116 from $855,285.
In terms of operational developments, VirTra reported a total of 11,261,588 shares outstanding as of June 30, 2025, a slight increase from 11,255,709 shares at the end of 2024. The company continues to focus on its core markets, which include law enforcement, military, and educational sectors, leveraging its patented technologies for training simulators. The company’s customer base remains predominantly government-focused, with governmental customers accounting for 75% of total net sales in the first half of 2025, down from 89% in the same period of 2024.
Looking ahead, VirTra's management expressed optimism about future growth, citing ongoing investments in product development and market expansion. The company is actively pursuing opportunities to enhance its product offerings and increase market share, particularly in international markets. The strategic focus on innovation and customer engagement is expected to drive revenue growth in the coming quarters, despite the challenges posed by rising costs and competitive pressures in the industry.
About VirTra, Inc
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