By Josh Beckerman
Shares of VirTra fell 11% to $4.60 after hours as federal budget delays and grant disbursement pauses hurt fourth-quarter revenue.
The provider of simulators for law enforcement and military training said revenue fell to $5.4 million from $10.9 million the prior year.
VirTra posted a loss of 8 cents a share, compared with a profit of 32 cents a share a year earlier.
The company said bookings saw strong sequential growth, but many orders were late in the quarter, limiting the company's ability to fulfill and recognize revenue within the quarter. VirTra said that with a $22 million backlog as of Dec. 31 it is well-positioned for future revenue growth.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 27, 2025 18:50 ET (22:50 GMT)
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