VirTra appoints former Hughes Communications CFO to advisory board

CHANDLER, Ariz. - VirTra, Inc. (NASDAQ:VTSI), a provider of use-of-force training simulators, announced Tuesday the appointment of Grant A. Barber to its Advisory Board. The company, with a market capitalization of approximately $65.6 million, has maintained impressive gross profit margins of nearly 71% over the last twelve months.

Barber brings over 35 years of financial and operational leadership experience across technology sectors. He previously served as Executive Vice President and Chief Financial Officer at Hughes Communications, where he helped transform the company into a public entity and managed regulatory reporting and investor relations. His financial expertise could benefit VirTra, which according to InvestingPro data, holds more cash than debt on its balance sheet and maintains a healthy current ratio of 4.4.

Prior to Hughes, Barber held senior leadership positions at Acterna Inc., where he led an operational turnaround. His career also includes nearly 20 years at Nortel Networks, overseeing finance operations across North America and Europe.

"Grant's background in global finance, strategic planning, and public company governance makes him an exceptional addition to our Advisory Board," said John Givens, Chairman and CEO of VirTra, according to the company's press release.

Barber holds an Honours Bachelor of Business Administration from Wilfrid Laurier University and has served on several boards including CIG Wireless Corp., Cloudbolt Software, Inc., and Hughes Systique, LLC.

VirTra provides training simulators and systems for law enforcement, military, and security professionals. The company's technology is designed to improve decision-making and safety through realistic training scenarios.

In other recent news, VirTra reported its Q2 2025 earnings, exceeding expectations with a positive earnings per share (EPS) of $0.02, contrary to the forecasted loss of $0.05. This represented a 140% earnings surprise, alongside a 20.9% revenue beat. The company demonstrated strong revenue growth and maintained a healthy backlog, despite procurement challenges. In addition, VirTra secured a $4.8 million contract from the U.S. State Department to provide training simulators to Colombia's Bogotá Law Enforcement and Professional Division. The contract will involve the deployment of seven four-screen V-ST PRO systems with Recoil Kits and Advanced Skills Magazines across multiple sites in Colombia, with completion expected by mid-2026. These recent developments highlight VirTra's continued growth and strategic partnerships.

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