VirTra

VirTra, Inc. is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators for the law enforcement, military, educational and commercial markets. Its simulators use software, hardware and content to create realistic training that does not require live ammunition or less-than-lethal munitions. The company was founded by Robert D. Ferris in May 1993 and headquartered in Chandler, AZ.

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Earnings data Q4 2024

VirTra achieves record revenue in Q4 2022, eyes future growth

VirTra's Q4 2022 earnings call highlighted record revenue, operational milestones, and leadership additions, underscoring the company's financial strength and strategic direction.
While facing challenges in international markets and operational efficiency, VirTra remains optimistic about future growth opportunities and building shareholder value.
The company's focus on innovation, strong financial performance, and commitment to growth set a positive trajectory for continued success in 2023 and beyond.

VirTra reports record Q1 revenue, eyes growth in key markets

VirTra delivered impressive financial results in Q1 2023, with record revenue, increased gross profit, and strong net income. Strategic investments in technology and operational enhancements drove performance.
The company's focus on diversifying revenue streams, strengthening leadership, and centralizing operations contributed to its success. VirTra's solid backlog and improved financial metrics bode well for future growth.
Opportunities lie in expanding market presence, leveraging the STEP program for recurring revenue, and enhancing supply chain management. VirTra's strong performance positions it for continued success and market expansion.

VirTra reports record-breaking revenue and strategic growth opportunities

VirTra's Q2 2023 performance reflects strong revenue growth, operational efficiency, and market positioning, driven by a focus on customer value and government contracts.
While facing challenges in international revenue diversification and operational transitions, the company's strengths in customer commitment and global sales present growth opportunities.
With a new CEO appointed and a strategic vision for expansion and product enhancement, VirTra is poised to leverage its financial success and market momentum for future growth.
Overall, VirTra's earnings call highlights a promising outlook, underpinned by solid financial results, operational improvements, and a positive market sentiment.

VirTra reports stellar Q3 results, eyes growth through innovation

VirTra's Q3 2023 earnings call highlighted robust financial performance, strategic initiatives driving growth, and a focus on innovation and customer experience. While facing challenges in international markets, the company is well-positioned to capitalize on opportunities in recurring revenue streams, technological advancements, and market expansion.

VirTra reports record revenues, eyes growth through AI integration

VirTra's Q4 2023 earnings call showcased impressive financial results, operational improvements, and strategic initiatives aimed at driving growth. With a focus on revenue diversification, international expansion, and innovative product development, VirTra is well-positioned to capitalize on market opportunities and strengthen its position in the industry.

VirTra reports Q1 revenue dip, secures military contract, eyes growth

VirTra's Q1 2024 performance saw revenue challenges but also showcased strengths in government contracts and financial stability.
The company faces challenges in revenue generation and operational efficiency, requiring strategic focus and cost management.
Opportunities lie in new product launches, market expansion through innovative solutions, and leveraging government contracts for growth.
Overall, VirTra remains optimistic about 2024, emphasizing the importance of sales growth, customer relationships, and product innovation.

VirTra reports robust Q2 earnings, eyes growth in defense sector

VirTra delivered strong financial results in Q2 2024, with notable increases in bookings and positive net income.
While facing challenges from budget delays and margin expectations, the company remains focused on innovation and growth opportunities.
With a solid performance foundation, strategic hires, and new product launches, VirTra is poised for continued success and expansion in the market.

VirTra reports robust Q3 performance, eyes growth in military sector

VirTra's Q3 2024 performance showcased strong revenue growth, improved margins, and strategic initiatives driving market expansion and customer engagement.
While facing challenges in government revenue and macroeconomic uncertainties, the company's focus on operational efficiency, sales enhancements, and product innovation positions it for future success.
With a solid financial foundation, a diverse leadership team, and a clear growth strategy, VirTra is well-positioned to capitalize on opportunities in the simulation and training industry and drive sustainable growth.

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VirTra, Inc. (NASDAQ:VTSI ) Q4 2021 Earnings Conference Call August 2, 2022 4:30 PM ET Company Participants Bob Ferris - Chairman & Co-CEO John Givens - Co-CEO Marsha Foxx - Chief Accounting Officer Conference Call Participants Richard Baldry - ROTH Capital Jaeson Schmidt - Lake Street. Allen Klee - Maxim Group Operator Good afternoon.

VirTra, Inc. (VTSI) CEO Bob Ferris on Q4 2021 Results - Earnings Call Transcript

28% Revenue Growth for Full Year 2021; Ended the Year with Record Backlog of $23.1 Million 28% Revenue Growth for Full Year 2021; Ended the Year with Record Backlog of $23.1 Million

VirTra Reports Fourth Quarter and Full Year 2021 Financial Results

CHANDLER, Ariz., July 25, 2022 (GLOBE NEWSWIRE) -- VirTra, Inc . (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, will hold a conference call on Tuesday, August 2, 2022 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its audited financial results for the fourth quarter and full year ended December 31, 2021.

VirTra Sets Fourth Quarter and Full Year 2021 Conference Call for Tuesday August 2, 2022 at 4:30 p.m. ET

CHANDLER, Ariz., July 18, 2022 (GLOBE NEWSWIRE) -- VirTra, Inc . (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, has received a nearly $700,000 contract agreement from The Federal Law Enforcement Training Centers (FLETC) for coverage on 59 VirTra simulators deployed in four separate locations.

VirTra Receives Ongoing Service Agreement from The Federal Law Enforcement Training Centers (FLETC)

TEMPE, Ariz., June 10, 2022 (GLOBE NEWSWIRE) -- VirTra, Inc . (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, announced today that the Company received notice from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) that its request for an extension to regain compliance with the Nasdaq Listing Rules has been granted. VirTra has until August 12, 2022 to file both its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Annual Report”) and its Form 10-Q for the quarter ended March 31, 2022 (the "Form 10-Q") with the U.S. Securities and Exchange Commission. VirTra expects to file the 2021 Annual Report and Form 10-Q by August 12, 2022 and regain compliance with the Nasdaq Listing Rules.

VirTra Announces Listing Extension Granted by Nasdaq

Record Orders for 2021 of $32.7 Million, 37% Year-Over-Year Growth Record Orders for 2021 of $32.7 Million, 37% Year-Over-Year Growth

VirTra Provides Business Update

The company is a leader in training simulators for law enforcement and other verticals, although competition is pretty strong.

VirTra Has Sold Off Too Much

TEMPE, Ariz., March 07, 2022 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, will be attending the 34 th Annual Roth Conference being held March 13-15, 2022 at The Ritz Carlton, Laguna Niguel located in Dana Point, CA.

VirTra to Participate in the 34th Annual ROTH Conference on March 14th, 2022

By Ben Rabizadeh Founder of Story, Inc. DBA StoryTrading – Several near-term catalysts possible, including contracts with U.S. and foreign governments

Will Growing Demand Help VirTra (VTSI) Outperform In A Potential Bear Market?

TEMPE, Ariz., Jan. 20, 2022 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, has been invited to present at Take Aim: Lake Street's Shooting Sports & Public Safety Event, which is being held virtually on January 26-27, 2022.

VirTra to Present at Take Aim: Lake Street's Shooting Sports & Public Safety Event on January 27, 2022

VirTra Inc (NASDAQ: VTSI) has agreed to team with Action Target Inc. to provide all-inclusive turnkey solutions for simulation training systems and live-fire shooting ranges. Deal terms were not disclosed.

VirTra Teams With Action Target To Provide Live Fire, Virtual Training Solutions

PROVO, Utah--(BUSINESS WIRE)-- #actiontarget--Action Target Inc., the global leader in modern live-fire shooting ranges, announced a teaming agreement with VirTra Inc., the global leader of judgmental and use-of-force firearms training simulators. Under this agreement, the two companies will work together to provide the industry with best-in-class solutions for both simulation training systems and live-fire shooting ranges. Action Target provides the broadest end-to-end solution for live-fire shooting range fa

Action Target Inc. and VirTra Inc. Form a Global Teaming Agreement

VirTra Inc (NASDAQ: VTSI) received two foreign country orders totaling $2.7 million for simulators, software, content, and associated training tools. The first order will be delivered in early 2022, with the second-order delivery in spring 2022.

VirTra Pockets $2.7M In Orders From Two Foreign Countries

TEMPE, Ariz., Jan. 10, 2022 (GLOBE NEWSWIRE) -- VirTra, Inc . (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, has received two foreign country orders totaling $2.7 million: one for $1.6 million and another for $1.1 million. Both orders are for simulators, software, content and associated training tools.

VirTra Receives Orders from Two Foreign Countries Totaling $2.7 Million

TEMPE, Ariz., Dec. 17, 2021 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, has received a standing offer from the Government of Canada to supply marksmanship and judgmental use of force simulation technology to various law enforcement, border protection and corrections facilities throughout Canada. The standing offer allows the Government of Canada to repeatedly purchase goods and/or services, or a combination of goods and services at prearranged prices from VirTra, under set terms and conditions, when required.

VirTra Awarded Standing Offer from Government of Canada for Simulation Systems

VirTra, Inc. (VTSI) CEO Bob Ferris on Q3 2021 Results - Earnings Call Transcript

VirTra, Inc. (VTSI) delivered earnings and revenue surprises of 33.33% and -5.01%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

VirTra, Inc. (VTSI) Tops Q3 Earnings Estimates

VirTra, Inc. (VTSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate VirTra, Inc. (VTSI) to Report a Decline in Earnings: What to Look Out for

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VirTra Inc (NASDAQ: VTSI) has received a $1.3 million order from a federal law enforcement agency in a European country for use-of-force simulators, weapon recoil kits, and other training accessories. The purchase order includes the delivery of multiple V-ST PRO 4K simulators, authoring software, Threat-Fire, weapon recoil kits, TASER training cartridges, and other tools designed for simulator use.

VirTra Bags $1.3M Order From Federal Law Enforcement Agency In Europe

TEMPE, Ariz., Oct. 05, 2021 (GLOBE NEWSWIRE) -- VirTra, Inc . (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has received a $1.3 million order from a federal law enforcement agency in a European country for use-of-force simulators, weapon recoil kits and other training accessories.

VirTra Receives $1.3 Million Order from a Country in Europe

Revenue growth has begun to accelerate, but market has not yet caught up. They have a deep economic moat with superior technology, patents, and strong customer relations.

VirTra: Next Generation Law Enforcement Training

VirTra Inc (NASDAQ: VTSI) has received a $1.37 million order from a country in the Middle East for use-of-force simulators and various training tools, software, and accessories. The tools to be delivered and installed include multiple V-ST PRO simulators, a V-300 simulator, V-Author PRO scenario authoring software, Threat-Fire electric consequence devices, drop-in recoil weapon kits, and additional accessories.

VirTra Bags $1.37M Order From New Client In The Middle East

TEMPE, Ariz., Sept. 16, 2021 (GLOBE NEWSWIRE) -- VirTra, Inc . (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has received a $1.37 million order from a country in the Middle East for use-of-force simulators and various training tools, software and accessories.

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