VirTra Inc (VTSI)

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Third Quarter 2023 Financial Highlights:



? Total revenue increased 54% to $7.6 million

? Gross profit increased 114% to $5.4 million, or 71% of total revenue

? Net income increased by $2.4 million to $1.6 million

? Adjusted EBITDA increased to $2.9 million

? Cash and cash equivalents of $17.2 million at September 30, 2023
Although we experienced a temporary slowdown in our bookings during Q3, partly due to a brief government shutdown, we expect them to rebound and accelerate as our sales initiatives gain further traction. Our pipeline continues to grow while our backlog remains heathy and will continue to provide our year-over-year revenue increase in the fourth quarter.