The operation features of the coaxial virtual cathode oscillator emitting electrons in the outer radial direction were investigated through simulations and experiments. A coaxial vircator was compared with an axial vircator when the anode to cathode distance of both vircators was 6 mm. The proposed coaxial vircator was operated when the anode to cathode distance was 5 mm, 6 mm, and 7 mm. The peak power and frequency of the microwave generated from the proposed coaxial vircator when the anode to cathode distance was 6 mm were 20.18 MW and 6.17 GHz, respectively. The simulations and experiments show that the proposed coaxial vircator generates 80% more microwave power than the axial vircator with the same anode to cathode distance. According to the simulations and experiments, the proposed coaxial vircator tends to generate a higher power average when the anode to cathode distance was larger than 5 mm. The frequency of the proposed coaxial vircator when the anode to cathode distance was 5 mm and 7 mm was approximately 8 GHz and 5 GHz, respectively. The geometric factor of the proposed coaxial vircator was considered to be the reason for the greater microwave power generation than the axial vircator. The frequency of the proposed coaxial vircator decreases inversely proportional with the anode to cathode distance as observed in the axial and basic coaxial vircators.