VirTra Inc (VTSI)

[ssparsons]

31 March 2009 latest quarterly numbers look solid.

From page 24, Section B, Managements Discussion and Analysis of Financial Condition and Results of Operations

For the quarter ended March 31, 2009, gross revenue grew 55.4% from $522,165 to a record $942,957, due to an overall increase in sales activity.

General and administration costs are slightly higher from $337,032 for the Q1 ended 2008 up to $357,950 for the quarter ended 2009. When taking into account the much higher revenue generated in Q1 2009, the general and administration costs are actually lower as compared to 2008 on a prorated basis.

Net income from operations increased from a loss of 291,344 for the 1st quarter 2008 to a gain of $235,097 for the 1st quarter 2009, this is an incrase in operating profit of $526,441.

Net gain per share for the first quarter of 2009 was $.0016 versus a loss of .004 per share in 2008.

Overall, VirTra has made significant improvements in financial performance as compared to first quarter 2008. For quarter ended March 31, 2009, net income is $218,275 compared with a loss of $518,221 during Q1 2008.

Net income improved a remarkable $736,496 in first quarter 2009 as compared with first quarter 2008.

VirTra's cash on hand improved to $495,593 as of March 31, 2009. Also Shareholders quity increased to $5.58 million from $5.36 million as of end of 2008.