VirTra, Inc. (VTSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 295 E CORPORATE PLACE
CHANDLER, AZ 85225
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,48419,7096,8421,4152,5005,080
Cash and cash equivalents13,48419,7096,8421,4152,5005,080
Receivables10,4897,8435,7203,957962,700
Inventory, net of allowances, customer advances and progress billings9,5925,0153,5161,9491,6121,720
Inventory9,5925,0153,5161,9491,6121,720
Deferred tax assets2,400 
Other undisclosed current assets5319411,4494,2083,772586
Total current assets:34,09633,50817,52711,52910,38110,088
Noncurrent Assets
Operating lease, right-of-use asset1,2137841,0951,391
Property, plant and equipment15,26712,8651,3821,028678677
Long-term investments and receivables    2917 
Due from related parties   291  
Accounts and financing receivable, after allowance for credit loss     7 
Intangible assets, net (including goodwill)588535271218  
Intangible assets, net (excluding goodwill)588535271218  
Deposits noncurrent assets36208720340 
Deferred income tax assets2,2391,6741,8921,792
Other noncurrent assets376190500351292 
Other undisclosed noncurrent assets    8403,5204,085
Total noncurrent assets:19,71916,0685,2265,9314,8374,762
TOTAL ASSETS:53,81449,57522,75317,46015,21814,850
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3982,3491,8571,4921,0441,373
Taxes payable1143162 109
Employee-related liabilities1,062843611614593
Accounts payable1,251789346621430536
Accrued liabilities3,147384352257 135
Deferred revenue4,3024,1364,7092,491
Debt2332362662971111
Deferred revenue and credits2,993
Contract with customer, liability1,924
Other undisclosed current liabilities82384242775633(0)
Total current liabilities:9,7577,5637,2584,3553,6124,377
Noncurrent Liabilities
Long-term debt and lease obligation8,0508,7861,9161,175 11
Long-term debt, excluding current maturities8,0508,2801,063  11
Liabilities, other than long-term debt2,3261,9981,9201,7481,00975
Deferred revenue and credits75
Deferred revenue1,6061,9931,9201,748
Contract with customer, liability962
Deferred rent credit     47
Other liabilities  5    
Operating lease, liability7205058531,175
Total noncurrent liabilities:10,37610,7843,8372,9231,00987
Total liabilities:20,13318,34711,0957,2794,6214,464
Equity
Equity, attributable to parent33,68231,22911,65910,18110,59710,386
Common stock111111
Treasury stock, value     (37)(112)
Additional paid in capital31,42030,92313,89413,89514,27314,955
Retained earnings (accumulated deficit)2,260304(2,236)(3,714)(3,639)(4,457)
Total equity:33,68231,22911,65910,18110,59710,386
TOTAL LIABILITIES AND EQUITY:53,81449,57522,75317,46015,21814,850

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues28,30224,43419,08818,71218,08016,524
Revenue, net16,524
Cost of revenue
(Cost of Goods and Services Sold)
(12,047)(13,029)(7,187)(8,998)(7,030)(6,291)
Gross profit:16,25511,40511,9009,71411,05010,233
Operating expenses(13,661)(9,951)(10,674)(9,451)(10,050)(8,927)
Operating income:2,5941,4541,2262621,0001,307
Nonoperating income (expense)(66)1,33233109128(550)
Other nonoperating income (expense)(66)1133109128(550)
Income from continuing operations before income taxes:2,5282,7861,2603711,128757
Income tax expense (benefit)(572)(246)219(447)(310)2,505
Income (loss) from continuing operations:1,9562,5401,478(75)8183,262
Income (loss) before gain (loss) on sale of properties:2,5401,478(75)8183,262
Net income (loss) available to common stockholders, diluted:1,9562,5401,478(75)8183,262

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,9562,5401,478(75)8183,262
Comprehensive income (loss), net of tax, attributable to parent:1,9562,5401,478(75)8183,262

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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