VTSI - Why Is VirTra Stock Diving Today? | Benzinga
VirTra, Inc. (NASDAQ:VTSI) shares are trading lower after the company reported worse-than-expected first-quarter financial results.
Revenue declined 19% year over year to $8.09 million, missing the consensus of $8.56 million due to delays in federal funding attributable to the U.S. government’s continuing resolution, which caused numerous contracts to be placed on hold.
CEO John Givens stated, “The anticipated revenue fluctuation was primarily due to the cyclical nature of budget allocations, often ...