VirTra Inc

NASDAQ:VTSIUnited States

04:14 PM EST, 11/12/2024 (MT Newswires) -- ...

---------- ---------- ---------- ---------- Income from operations 755,632 1,669,611 3,285,392 7,069,523 ---------- ---------- ---------- ---------- Other income (expense): Other income 35,469 233,521 521,610 625,761 Other expense - (24,026) - (224,330) ---------- ---------- ---------- ---------- Net other income 35,469 209,495 521,610 401,431 ---------- ---------- ---------- ---------- Income before provision for income taxes 791,101 1,879,106 3,807,002 7,470,954 Provision for income taxes 208,000 244,316 807,000 1,863,150 ---------- ---------- ---------- ---------- Net income $ 583,101 $ 1,634,790 $ 3,000,002 $ 5,607,804 ========== ========== ========== ========== Net income per common share: Basic $ 0.05 $ 0.15 $ 0.27 $ 0.51 ========== ========== ========== ========== Diluted $ 0.05 $ 0.15 $ 0.27 $ 0.51 ========== ========== ========== ========== Weighted average shares outstanding: Basic 11,175,882 10,934,962 10,982,083 10,924,486 ========== ========== ========== ========== Diluted 11,175,882 10,942,509 10,982,083 10,929,155 ========== ========== ========== ========== VIRTRA, INC. CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) Nine Months Ended September 30 ---------------------------------- 2024 2023 ----------------- -------------- Cash flows from operating activities: Net income (loss) $ 3,000,002 $ 5,607,804 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 834,494 701,536 Right of use amortization 238,213 369,772 Reserve for RSU 508,003 - Stock issued for service 12 342,475 Bad Debt Expense (154,022) - Changes in operating assets and liabilities: Accounts receivable, net 8,661,418 (11,131,628) Inventory, net (1,507,068) (1,183,302) Deferred taxes 132,151 (3,122,905) Unbilled revenue (1,149,314) 4,487,290 Prepaid expenses and other current assets (979,345) (779,538) Other assets - 174,791 Accounts payable and other accrued expenses (4,737,781) 4,015,047 Lease liability (249,614) (392,103) Deferred revenue (1,927,880) 5,276,512 ------------- ------------- Net cash provided by operating activities 2,669,269 4,365,751 ------------- ------------- Cash flows from investing activities: Purchase of intangible assets - - Purchase of property and equipment (1,692,249) (512,249) ------------- ------------- Net cash (used in) investing activities (1,692,249) (512,249) ------------- ------------- Cash flows from financing activities: Principal payments of debt (178,559) (177,824) RSU issued 20,151 41,903 ------------- ------------- Net cash used in financing activities (158,408) (135,921) ------------- ------------- Net increase in cash 818,612 3,717,581 Cash and restricted cash, beginning of period 18,849,843 13,483,597 ------------- ------------- Cash and restricted cash, end of period $ 19,668,455 $ 17,201,178 ============= ============= Supplemental disclosure of cash flow information: Interest Paid $ 182,419 $ - Taxes Paid 5,315,442 -