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Side-by-side financial comparison of EMERSON RADIO CORP (MSN) and VirTra, Inc (VTSI). Click either name above to swap in a different company.
VirTra, Inc is the larger business by last-quarter revenue ($2.9M vs $1.9M, roughly 1.5× EMERSON RADIO CORP). VirTra, Inc runs the higher net margin — -27.2% vs -36.7%, a 9.5% gap on every dollar of revenue. On growth, VirTra, Inc posted the faster year-over-year revenue change (-46.5% vs -52.8%). Over the past eight quarters, EMERSON RADIO CORP's revenue compounded faster (-7.3% CAGR vs -37.0%).
Emerson Radio Corporation is one of the United States' largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets, and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, an homage to Emerson's logo.
VirTra, Inc. is a global provider of highly realistic immersive training simulators and supporting curriculum, primarily serving law enforcement agencies, military units, and public safety organizations. Its scenario-based training systems are designed to enhance frontline personnel's decision-making, de-escalation skills, and on-duty operational safety.
MSN vs VTSI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $2.9M |
| Net Profit | $-694.0K | $-792.4K |
| Gross Margin | 10.9% | 57.5% |
| Operating Margin | -43.7% | -47.9% |
| Net Margin | -36.7% | -27.2% |
| Revenue YoY | -52.8% | -46.5% |
| Net Profit YoY | -31.7% | 10.8% |
| EPS (diluted) | $-0.03 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.9M | $2.9M | ||
| Q3 25 | $1.2M | $5.3M | ||
| Q2 25 | $1.7M | $7.0M | ||
| Q1 25 | $1.8M | $7.2M | ||
| Q4 24 | $4.0M | $5.4M | ||
| Q3 24 | $2.7M | $7.5M | ||
| Q2 24 | $2.2M | $6.1M | ||
| Q1 24 | $2.2M | $7.3M |
| Q4 25 | $-694.0K | $-792.4K | ||
| Q3 25 | $-1.0M | $-388.6K | ||
| Q2 25 | $-1.1M | $175.3K | ||
| Q1 25 | $-2.4M | $1.3M | ||
| Q4 24 | $-527.0K | $-888.3K | ||
| Q3 24 | $-881.0K | $583.1K | ||
| Q2 24 | $-962.0K | $1.2M | ||
| Q1 24 | $-883.0K | $468.2K |
| Q4 25 | 10.9% | 57.5% | ||
| Q3 25 | -0.1% | 65.8% | ||
| Q2 25 | 0.7% | 69.0% | ||
| Q1 25 | -3.0% | 72.6% | ||
| Q4 24 | 12.3% | 67.5% | ||
| Q3 24 | 9.9% | 73.5% | ||
| Q2 24 | 8.8% | 90.9% | ||
| Q1 24 | 15.9% | 64.2% |
| Q4 25 | -43.7% | -47.9% | ||
| Q3 25 | -98.4% | -8.4% | ||
| Q2 25 | -78.1% | 13.1% | ||
| Q1 25 | -137.8% | 19.1% | ||
| Q4 24 | -18.3% | -9.9% | ||
| Q3 24 | -40.8% | 10.1% | ||
| Q2 24 | -55.6% | 18.6% | ||
| Q1 24 | -52.2% | 8.9% |
| Q4 25 | -36.7% | -27.2% | ||
| Q3 25 | -85.8% | -7.3% | ||
| Q2 25 | -68.1% | 2.5% | ||
| Q1 25 | -127.9% | 17.7% | ||
| Q4 24 | -13.2% | -16.3% | ||
| Q3 24 | -32.2% | 7.8% | ||
| Q2 24 | -43.8% | 19.8% | ||
| Q1 24 | -40.1% | 6.4% |
| Q4 25 | $-0.03 | $-0.08 | ||
| Q3 25 | $-0.05 | $-0.03 | ||
| Q2 25 | $-0.05 | $0.02 | ||
| Q1 25 | $-0.10 | $0.11 | ||
| Q4 24 | $-0.03 | $-0.08 | ||
| Q3 24 | $-0.04 | $0.05 | ||
| Q2 24 | $-0.05 | $0.11 | ||
| Q1 24 | $-0.04 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.3M | $18.6M |
| Total DebtLower is stronger | — | $7.5M |
| Stockholders' EquityBook value | $18.6M | $45.6M |
| Total Assets | $20.1M | $65.1M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.3M | $18.6M | ||
| Q3 25 | $13.5M | $20.8M | ||
| Q2 25 | $15.5M | $20.7M | ||
| Q1 25 | $16.1M | $17.6M | ||
| Q4 24 | $16.4M | $18.0M | ||
| Q3 24 | $16.7M | $19.7M | ||
| Q2 24 | $18.9M | $18.4M | ||
| Q1 24 | $19.9M | $22.4M |
| Q4 25 | — | $7.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $18.6M | $45.6M | ||
| Q3 25 | $19.3M | $46.3M | ||
| Q2 25 | $20.4M | $46.8M | ||
| Q1 25 | $21.5M | $46.5M | ||
| Q4 24 | $23.9M | $45.2M | ||
| Q3 24 | $24.4M | $45.7M | ||
| Q2 24 | $25.3M | $44.9M | ||
| Q1 24 | $26.2M | $43.5M |
| Q4 25 | $20.1M | $65.1M | ||
| Q3 25 | $20.7M | $66.2M | ||
| Q2 25 | $23.3M | $67.4M | ||
| Q1 25 | $23.5M | $66.8M | ||
| Q4 24 | $26.4M | $65.0M | ||
| Q3 24 | $26.6M | $66.1M | ||
| Q2 24 | $28.5M | $66.0M | ||
| Q1 24 | $29.1M | $69.4M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-228.0K | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-2.1M |
| FCF MarginFCF / Revenue | — | -72.5% |
| Capex IntensityCapex / Revenue | 0.0% | 21.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-228.0K | $-1.5M | ||
| Q3 25 | $-2.0M | $36.3K | ||
| Q2 25 | $-514.0K | $6.0M | ||
| Q1 25 | $-391.0K | $65.7K | ||
| Q4 24 | $-293.0K | $-908.7K | ||
| Q3 24 | $-2.1M | $897.7K | ||
| Q2 24 | $-840.0K | $-3.9M | ||
| Q1 24 | $-2.2M | $5.1M |
| Q4 25 | — | $-2.1M | ||
| Q3 25 | — | $-61.2K | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $-362.7K | ||
| Q4 24 | $-301.0K | $-1.1M | ||
| Q3 24 | $-2.1M | $814.2K | ||
| Q2 24 | $-1.0M | $-3.9M | ||
| Q1 24 | $-2.3M | $3.6M |
| Q4 25 | — | -72.5% | ||
| Q3 25 | — | -1.1% | ||
| Q2 25 | — | 77.6% | ||
| Q1 25 | — | -5.1% | ||
| Q4 24 | -7.5% | -19.5% | ||
| Q3 24 | -77.8% | 10.9% | ||
| Q2 24 | -46.4% | -64.7% | ||
| Q1 24 | -102.3% | 48.9% |
| Q4 25 | 0.0% | 21.2% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.0% | 8.1% | ||
| Q1 25 | 0.0% | 6.0% | ||
| Q4 24 | 0.2% | 2.8% | ||
| Q3 24 | 0.3% | 1.1% | ||
| Q2 24 | 8.2% | 1.0% | ||
| Q1 24 | 0.5% | 21.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 34.12× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | — | -3.22× | ||
| Q1 24 | — | 10.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSN
| Products | $1.8M | 95% |
| Other | $87.0K | 5% |
VTSI
Segment breakdown not available.
