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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
VirTra
VirTra (VTSI) investor relations material
VirTra Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
Q3 revenue was $7.62M, up 42% YoY, with $10.3M in bookings, $2.16M net income and diluted EPS of $0.19.
Q3 marked a third consecutive quarter of sequential revenue growth; gross margin reached 70% and operating income was $2.01M versus a $450K loss YoY.
Backlog was $27.6M at September 30, up from $25.6M at December 31, 2025.
Nine-month revenue was $16.86M, down 13% YoY, as customer delivery deferrals limited conversion of previously booked orders.
Financial highlights
Q3 net sales were $7.62M vs. $5.35M YoY; nine-month sales were $16.86M vs. $19.49M.
Q3 gross profit was $5.33M vs. $3.5M YoY; nine-month gross profit was $10.88M vs. $13.5M.
Q3 operating expenses were $3.3M vs. $4.0M YoY; nine-month operating expenses were $10.4M vs. $11.7M.
Q3 net income was $2.16M vs. a $389K loss; nine-month net income was $573K vs. $1.1M.
Q3 Adjusted EBITDA was $2.56M vs. $91K YoY; nine-month Adjusted EBITDA was $2.16M vs. $2.49M.
Outlook and guidance
Management expects additional backlog conversion in Q4; procurement, installation schedules and customer acceptance affect timing.
Management estimates 25–30% of capital backlog will convert to revenue in 2026; most capital contracts are expected to extend into 2027 at customer request.
Management cited a growing pipeline and focus on backlog conversion, cost control and operating discipline; customer readiness can constrain revenue timing.
G&A spending is considered near a suitable run rate, with capacity for growth without significant near-term increases.
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Latest events from VirTra
- 44-country simulator reach, 95%+ retention and a $25.6 million backlog support growth plans.VTSI
Investor presentation - Q2 revenue fell 17% YoY, but backlog and military market momentum remain strong.VTSIQ2 2026
- Directors were elected, auditor ratified, and key strategic and governance issues addressed.VTSIAGM 2024
- All proposals passed, with annual advisory votes on executive pay and proactive federal funding alignment.VTSIAGM 2026
- Revenue dropped 51% year-over-year to $3.5M, with a net loss of $1.3M in Q1 2026.VTSIQ1 2026
- Annual meeting covers director elections, auditor ratification, and executive pay votes.VTSIProxy filing
- Revenue fell 15% in 2025, but strong bookings and backlog signal recovery as funding normalizes.VTSIQ4 2025
- Q2 revenue fell 41% but gross margin hit 91% and bookings doubled, supporting future growth.VTSIQ2 2024
- Net income up 170% to $1.3M, bookings up 120%, and gross margin at 73% despite revenue dip.VTSIQ1 2025
Next VirTra earnings date
Q4 202629 Mar, 2027
VirTra
Next VirTra earnings date
Q4 202629 Mar, 2027
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Frequently asked questions
VirTra Inc designs, develops, and manufactures judgmental use of force training simulators and firearms training simulators for law enforcement, military, and security organizations. Its systems offer immersive, real-world training scenarios. The company is headquartered in Tempe, Arizona, and its shares are listed on the NASDAQ.