How did VirTra's revenue and expenses shift in Q4 2024 compared to previous quarters?
5/9/2025 00:11am
VirTra's revenue and expenses in Q4 2024 showed a significant decline in revenue compared to the previous quarter, Q3 2024.
1. **Revenue Shift**: The revenue in Q4 2024 was $4.7 million, while in Q3 2024, it was $7.48 million. This indicates a decrease of approximately 37.5% in revenue from Q3 to Q4.
|code|Ticker|Name|Date|Total Revenue|market_code|
|---|---|---|---|---|---|
|VTSI|VTSI.O|VirTra|2024 Q1|8094398|186|
|VTSI|VTSI.O|VirTra|2024 Q2|6075040|186|
|VTSI|VTSI.O|VirTra|2024 Q3|7484269|186|
|VTSI|VTSI.O|VirTra|2024 Q4|4697112|186|
|code|Ticker|Name|Date|Total Expenses YoY|Total Revenue YoY|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|VTSI|VTSI.O|VirTra|2023 Q4||25.643160061774445|1.0865917E7||186|
|VTSI|VTSI.O|VirTra|2024 Q1||-19.273456943722085|8094398||186|
|VTSI|VTSI.O|VirTra|2024 Q2||-41.2295926545891|6075040||186|
|VTSI|VTSI.O|VirTra|2024 Q3||-1.0224447741226637|7484269||186|
2. **Expense Comparison**: The total expenses for Q4 2024 are not provided, however, the trend of decreasing revenue suggests that the expenses might also have been lower than the previous quarter. Without the specific expense data for Q4, a direct comparison cannot be made, but it is clear that the net income would have been negatively impacted by this revenue decline.
3. **Overall Trend**: If we compare the revenue of Q4 2024 with the immediate previous quarter, Q3 2024, the trend is one of decreasing revenue. This decline continues from Q3 to Q4, indicating a potential challenge for VirTra in Q4 regarding sales or operations that requires further analysis of the company's performance metrics and market conditions during that period.