VirTra, Inc. (VTSI) Reports Q3 Loss, Lags Revenue Estimates

VirTra (NASDAQ:VTSI) shares fell 2.9% to $3.33 on Monday, after trading as low as $3.22; the session volume of 107,453 shares was up 45% versus the average. Research firms cited mixed views: Lake Street cut its target to $5.00 (buy), while Wall Street Zen and Zacks cut to sell/strong sell. In its May 11 quarter, VirTra reported EPS of -$0.12 and revenue of $3.47M.

Pomerantz LLP said it is investigating potential securities fraud or other unlawful practices involving VirTra Inc. (NASDAQ: VTSI) on behalf of investors. The probe follows VirTra’s Q1 2026 results: revenue fell to $3.5 million from $7.2 million year over year, which the company attributed to delays converting backlog to revenue. VirTra shares dropped 12.34% to $3.48 on May 12, 2026.

Eaton (NYSE:ETN) said the U.S. Air Force Research Laboratory awarded it a $7 million, 24-month contract to use quantum computing, machine learning, and advanced visualization to improve power grid resilience and protection. The work, with Infleqtion and Penn State, targets detection and response to multiple concurrent physical and cyber threats, addressing NERC N-2 contingency requirements.

ExxonMobil Moçambique Limitada issued McDermott Energy Solutions (UK) a letter of intent for limited engineering and procurement work on Rovuma LNG Phase 1 midstream development. The award supports planning ahead of a final investment decision expected in 2026. Rovuma LNG targets 12 modular trains totaling 18.6 mtpa, with start-up in 2031. ExxonMobil says the 30-year project could generate about $150B in revenues for Mozambique’s government.

Serbia President Aleksandar Vucic said Serbia will open a joint UAV factory with Elbit Systems, with inauguration expected Sept 15-20. Elbit will hold 51% and Serbia’s state arms firm SDPR 49%. The factory relates to a five-year contract covering precision rockets and unmanned systems, plus ISTAR, digitization and upgrades.

The U.S. Department of Defense, according to The Washington Post, asked defense contractors to submit within 21 days production and delivery schedules for critical systems, citing depleted stockpiles. CSIS estimates cite heavy early use of missiles and falling Patriot and THAAD inventories. The Pentagon is working with Northrop Grumman and Lockheed Martin, including a $58.6B deal to triple PAC-3 output by 2030, pending a stalled $1.15T defense budget.