Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
VirTra, Inc. is a U.S.-based technology company that designs and manufactures advanced simulation and training systems primarily for law enforcement, military, security, and judicial customers. The company operates within the public safety training, defense simulation, and immersive technology industries. Its core offering centers on high-fidelity, scenario-based simulators used for firearms training, use-of-force decision-making, de-escalation, and tactical judgment under stress.
The company’s primary revenue drivers are the sale of proprietary simulator hardware, software licenses, and related service and support contracts. VirTra is differentiated by its emphasis on realistic, judgment-focused training scenarios and patented recoil-enabled weapons systems, positioning it as a specialized provider in a niche segment of the training simulation market. Founded in 1993, VirTra initially focused on video-based firearms training and evolved over decades into a publicly traded company (NASDAQ: VTSI) with an expanded product suite and a growing international customer base.
Business Operations
VirTra generates revenue through its law enforcement training systems, military and defense simulators, and commercial and international training solutions, which collectively represent the company’s operating focus. Its flagship product line includes immersive, multi-screen simulators integrating real-world video scenarios, software-driven branching decision logic, and proprietary weapon accessories that simulate recoil and ballistics. Recurring revenue is supplemented by software updates, scenario content, warranties, and maintenance services.
Operations are primarily conducted from the United States, with manufacturing, research and development, and corporate functions centralized domestically. International sales are conducted through a combination of direct sales and third-party distributors. VirTra maintains control over its core intellectual property, including software platforms and hardware design, and does not report material joint ventures. The company operates as a single reporting segment in its public disclosures.
Strategic Position & Investments
VirTra’s strategic direction focuses on expanding adoption of simulation-based training as standards evolve for law enforcement accountability, use-of-force transparency, and readiness. Growth initiatives emphasize increased penetration of U.S. police departments, sheriff’s offices, and federal agencies, alongside selective expansion into international defense and security markets. The company also invests in enhancing realism, analytics, and after-action review capabilities within its simulation ecosystem.
Rather than pursuing large-scale acquisitions, VirTra has historically prioritized internal development and incremental technology enhancements. Strategic investments have included research into immersive projection systems, scenario realism, and data-driven performance assessment. Public disclosures indicate no material portfolio of unrelated subsidiaries; operations are primarily conducted through the parent company, VirTra, Inc., and its wholly owned operating entities.
Geographic Footprint
VirTra is headquartered in Arizona, United States, and maintains its principal operational presence within North America. The majority of its revenue is derived from U.S. customers, particularly municipal, state, and federal law enforcement agencies. Manufacturing, engineering, and executive leadership are based domestically.
Internationally, VirTra has established market presence across Europe, Asia-Pacific, the Middle East, and Latin America, primarily through distributors and government contracts. While international revenue represents a smaller proportion of total sales compared to domestic operations, the company reports ongoing efforts to expand its global footprint through targeted partnerships and foreign government tenders.
Leadership & Governance
VirTra was founded by Perry Moss, who remains involved in the company’s governance. Leadership emphasizes disciplined growth, technological differentiation, and alignment with public safety training standards. The company is governed by a board of directors and managed by executives with backgrounds in defense, technology, and public safety markets.
Key executives include:
- Perry Moss – Founder and Chairman of the Board
- Gary Hawthorne – Chief Executive Officer
- Steve Nichol – Chief Financial Officer
- Troy Hege – Chief Operating Officer
- Eric Voris – Chief Technology Officer
Management’s stated vision centers on advancing realistic, evidence-based training tools that improve decision-making and reduce risk for officers and agencies, while maintaining long-term shareholder value through operational discipline and focused market expansion.