VirTra Inc (VTSI)

[dlewisfl]

The price appreciation is nice, but even better is the sustained increase in volume over the past month or two. Starting to turn into a "real" stock.

[Lostapile]

C'mon now! A preorder without cash up front is really no order at all. Show me the money! Oh, Happy New Year everyone. I'm still here!

[fishhunter]

What you just described are real orders. There was a contract between you and the seller and money was exchanged.

[ztect]

Regarding "pre-orders" , could this not be like pre-ordering a book or pre-ordering a new model of a car...and thus include pre-payment in part or in full? I routinely pre-order books before they're released. When I do so, I purchase that book. One of the cars I bought was a brand new model, and I put down a large down payment before that car was released. So, couldn't the same be true with these headsets? That is receive some sort of down payment before the product is available that's accounted for as part of the revenues?

[Twister]

From 3rd Qtr...And I'd mark it as meaningful...

I'm scoring it under Givens, relationships and continued success.
Point of guidance is providing the pathway evolving into real numbers.
And real numbers are never really real until tempered by time and in the past.
---------------
" Strong pre-order demand signals its potential as a gateway to larger simulator sales."
---------------
Cheers... Now here's hoping that Givens presents us with a proper year-end update this month.

[fishhunter]

“Preorders” is a funny word. Absolutely meaningless. Sort of like when a company says we have a bazillion dollars in active quotes. Also meaningless. I wonder if they get prerevenue or preprofit from a preorder? Maybe the numbers will be reported as preGAAP? Me thinks it is all a bit premature.

[gbb777]

https://investorplace.com/2024/01/3-stellar-stocks-that-could-make-you-a-millionaire-by-2026/

"The new product (V-XR) received a strong market response, resulting in hundreds of inquiries and preorders, signalling substantial product interest and potential revenue generation"

Preorders? Did John Givens mention did? If not, how do they know?

By the way, this article is also published verbatim in Spanish and German (I think).
Are investors waking up?

[PAir1]

https://www.yahoo.com/news/army-mixed-reality-device-nears-144414112.html

[joelawyer]

10/4 Thanks Fish. Happy New Year!

[fishhunter]

Superior Industries, they are one of the biggest makers of aluminum wheels for cars and trucks. NYSE.

[joelawyer]

Fish: is that SUP on the NYSE or the TSXV ?

[fishhunter]

I’m still here! Broke through once, but only 2 foot deep and I was close to shore. Sorta sucks that the ice is so crappy.
I still own a decent number of Vtsi shares but have sold some this week. I wonder if there will be some profit taking after Jan 1st?
It has been a fun market lately for small company stocks. Been buying Bdn, Hrtg, Bbgi, Cmls, Sup, Qipt, Gfgsf, Cato. Sup is my biggest holding, I would be buying that too but own too much. Ncsm is a great great buy but trading volume is nil. Enterprise value is zero! Crazy.

[Fantom19]

Fish, where are you? I hope a bear didn't eat you or you went through some thin ice in Badgerland. Anyway, if you're still w us, I look fwd your thoughts recent runup.

[Fantom19]

Fish, where are you? I hope a bear didn't eat you or you went through some thin ice in Badgerland. Anyway, if you're still w us, I look fwd your thoughts recent runup.

[The_Gman]

This is from another company, but I think gives a nice summary of Mission Training through Distributed Simulation (MTDS). Sounds like it’s right up VirTra’s alley although I’m disappointed I’m not finding anything with VirTra using this term. At 1:22-1:40 says they can hook up any existing sims with no costly upgrades.

[D theG]

Nice find, hopefully we get a nice slice!

[The_Gman]

From the NDAA - Can VirTra get a some of this?

SEC. 1210. AUTHORITY TO PROVIDE MISSION TRAINING THROUGH DISTRIBUTED
SIMULATION.
(a) Authority for Training and Distribution.--To enhance the
interoperability and integration between the United States Armed Forces
and the military forces of friendly foreign countries, effective
beginning on the date that is 30 days after the date on which the
Secretary of Defense submits the report required by subsection (d), the
Secretary of Defense, with the concurrence of the Secretary of State,
is authorized--
(1) to provide to military personnel of a friendly foreign
country persistent advanced networked training and exercise
activities (in this section referred to as ``mission training
through distributed simulation''); and
(2) to provide information technology related to mission
training through distributed simulation, including hardware and
computer software developed for such activities.
(b) Scope of Mission Training.--Mission training through
distributed simulation provided under subsection (a) may include
advanced distributed network training events and computer-assisted
exercises.
(c) Guidance on Use of Authority.--Not later than 120 days after
the date of the enactment of this Act, the Secretary of Defense shall
develop and issue guidance on the procedures for the use of the
authority provided in this section.
(d) Report.--
(1) In general.--The Secretary of Defense shall submit to the
appropriate committees of Congress a report on the anticipated use
of mission training through distributed simulation by military
personnel of friendly foreign countries.
(2) Elements.--The report required by paragraph (1) shall
include the following:
(A) A description of anticipated mission training through
distributed simulation activities between the United States
Armed Forces and the military forces of friendly foreign
countries.
(B) A description of the current capabilities of the
military forces of friendly foreign countries to support
mission training through distributed simulation activities with
the United States Armed Forces.
(C) A description of the manner in which the Department
intends to use mission training through distributed simulation
activities to support implementation of the National Defense
Strategy, including in areas of responsibility of the United
States European Command and the United States Indo-Pacific
Command.
(D) Any recommendation of the Secretary of Defense for
legislative proposals or policy guidance regarding the use of
mission training through distributed simulation activities.
(3) Appropriate committees of congress defined.--In this
subsection, the term ``appropriate committees of Congress'' means--
(A) the Committee on Armed Services, the Committee on
Appropriations, and the Committee on Foreign Relations of the
Senate; and
(B) the Committee on Armed Services, the Committee on
Appropriations, and the Committee on Foreign Affairs of the
House of Representatives.
(e) Sunset.--The authority provided in this section shall terminate
on December 31, 2025.

[D theG]

All the best for 2024!

[The_Gman]

Merry Christmas, and Happy and Safe Holidays to all!

[The_Gman]

Biden signed the 2024 NDAA

[utahstock12]

Ferris has not sold for a while. Total shares sold ~75,000. The fact that he stopped rather than blowing out the full 120,000 seems encouraging.

[The_Gman]

~Happy Holiday Hours~
It's that time again for iHub's annual Happy Holiday Hours! Now through January 1st, all Users have access to premium message board features during this time.

Posted 12/15 on the Question and Answer Board by Shelly.

If anyone is left here 😂

[gbb777]

https://www.shephardmedia.com/news/training-simulation/german-military-to-expand-use-of-vbs4-for-training/

Another small piece of the puzzle.....

[The_Gman]

Am I reading the NDAA Final Draft (that they hope to get approved and to the President by the end of the year) correctly, that it includes for IVAS:

$98,722,000 for Procurement (pdf page 2894)
$82,829,000 for R&D Testing and Eval (pdf page 2933)
$181,551,000 Total

https://docs.house.gov/billsthisweek/20231211/FY24%20NDAA%20Conference%20Report%20-%20%20FINAL.pdf

Senate Committee Report
Integrated Visual Augmentation System

The President's budget request includes $136,737,000 in
research, development, test and evaluation funding and
$89,451,000 in procurement funding for the Integrated Visual
Augmentation System [IVAS]. The Committee remains supportive of
the development and operational testing of IVAS and notes that
the IVAS program has the potential to improve soldier
battlefield capabilities. Further, the committee notes that the
IVAS program represents an important step in the Department of
Defense's efforts to engage with non-traditional defense
contractors capable of delivering innovative capabilities that
meet warfighter requirements.
The Committee understands that, following continued
challenges with user acceptance and the technology maturity
readiness of IVAS v1.1, the Army opted to reduce planned
procurement quantities of v1.0 and v1.1 devices, and instead
invest in the development and maturation of IVAS v1.2. The
Department of Defense Appropriations Act, 2023 (Public Law 117-
328) provided additional appropriations to support the further
development and maturation of IVAS v1.2 in fiscal year 2023.
The Committee notes that the Chief of Staff of the Army's
fiscal year 2024 unfunded priority list requests additional
funding for the development of IVAS v1.2, as well as funding
for the initial procurement of units to support an operational
assessment. While the Committee remains supportive of
additional funding to further develop IVAS v1.2, providing
additional procurement funding ahead of successfully completing
test activities is ill-advised and contrary to acquisition best
practices. The Committee remains concerned that, despite
continued program delays, the Army is proposing to accelerate a
program prior to its technical maturity date being
demonstrated. This approach places undue risk on the U.S.
government and the taxpayer. Therefore, the Committee does not
recommend funds to procure IVAS 1.2 devices for fielding.
However, the Committee recognizes the benefits associated
with the initiation and completion of a full-scale operational
demonstration to validate that IVAS v1.2 meets established
acquisition criteria. Therefore, the Committee recommends an
additional $38,429,000 only to procure IVAS v1.2 assets for a
full-scale operational demonstration. Such an operational
demonstration shall be coordinated with the Director,
Operational Test and Evaluation, to ensure that the
demonstration meaningfully addresses deficiencies identified in
IVAS v1.0 and v1 and validates the development objectives that
were established for v1.2. Additionally, the Committee
recommends the requested realignment of $42,600,000 to build
test articles, and an additional $22,400,000 to address the
unfunded requirement to complete technology insertion within
the IVAS program's research, development, test and evaluation
program element.

https://www.congress.gov/congressional-report/118th-congress/senate-report/81/1?q=%7B%22search%22%3A%22ivas%22%7D&s=1&r=1

[utahstock12]

I was wrong. More filings. Through 11/30 only about half way done.

[Fantom19]

I'm surprised there is no smart analysis for recent share price movement. I'll fill the void.
It's good.

[Fantom19]

I'm surprised there is no smart analysis for recent share price movement. I'll fill the void.
It's good.

[utahstock12]

According to form 4 filings he had sold about 45,000 through 11/27. I would not be surprised based on yesterday's action if he's just about done.

[ARZ]

i stand corrected. it was a notice to sell 120,000 shares not that he sold them all yet
https://www.sec.gov/Archives/edgar/data/1085243/000194984623000429/xsl144X01/primary_doc.xml

[yeagohead]

This is the info I looked at. Not sure if its 100% correct.

What is Robert D Ferris's Net Worth?
The current estimated net worth of Virtra, Inc's Executive Chairman, Robert D Ferris, is estimated to be about $2.21M. Robert D Ferris owns about 369,029 units of Virtra, Inc common stock. In the last 5 years at Virtra, Inc, Robert D Ferris has sold an estimated value of $351.74K worth.

What is Robert D Ferris's Past Insider Trading?
Robert D Ferris's largest purchase order was 10,000 units, worth over $15.78K on March 30, 2020. Robert D Ferris's largest sale order was 16,462 units, worth over $122.79K on November 29, 2023. In total, Robert D Ferris has made about 29 transactions over 5 years of their time at Virtra, Inc. Robert D Ferris usually trades in November, with the busiest year in 2023. The most recent transaction was a sale order of 1,227 units, worth over $9.28K on November 29, 2023.

Attention insiders: Dive deeper into market movements and stay ahead of the curve with Benzinga Pro! From up-to-the-second news to audio squawks and interactive data tools, it's everything you need to supercharge your trading strategy. Experience the Benzinga Pro advantage today and transform the way you trade with our exclusive free trial!

Robert D Ferris
Applied Filters:
ticker: vtsiinsider cik: 0001276996group by: filingsort by: last_filing_date
Date Range: All Time
Ticker
Type
Value
Price per Share
Shares
Filing Date
+
1
VTSI
SELL
$9.28K
$7.56
-1.23K
Nov 29, 2023
+
2
VTSI
SELL
$122.79K
$7.46
-16.46K
Nov 29, 2023
+
3
VTSI
SELL
$52.6K
$7.25
-7.25K
Nov 27, 2023
+
4
VTSI
SELL
$36.61K
$7.23
-5.06K
Nov 27, 2023
+
5
VTSI
SELL
$25.88K
$7.38
-3.51K
Nov 22, 2023
+
6
VTSI
SELL
$82.57K
$7.18
-11.49K
Nov 22, 2023

[ARZ]

He sold over 100,000 shares a few weeks ago - where have you been? let VTSI purchase the sharres like fishhunter suggests and get him out of the company. its time he leaves. pay him a consulting fee for a few years.the board needs to be overhauled as with much of the sales team (although that might be happening as we post)

[ARZ]

He sold over 100,000 shares a few weeks ago

[ARZ]

I did not think of that. We should reach out to Givens and let him know that

[in99flyers]

Bob Ferris is our largest shareholder. Him selling 28,000 shares is meaningless. Elon Musk sells Tesla shares, no one cares.

[The_Gman]

Looks like Inveris was there 3 years ago. Now someone has to actually buy it.

See Rob Carpenter's comment:
https://www.linkedin.com/posts/landforces_inveris-training-solutions-pty-ltd-will-supply-activity-6708887914245431296-U1Ul/?trk=public_profile_like_view

https://www.inveristraining.com/wp-content/uploads/2022/06/60ef9a449e87cd18377bae40_ITS-FATS100MIL_11x17.pdf

[yeagohead]

Chairman off boards aren't allowed to sell 6% of their shares and should be kicked off the board?

[fishhunter]

And another thing - if Givens was functioning on all cylinders he would have had the company buy back the shares from Ferris and prompty retire those shares. If this is going to be a constant drip drip from Ferris, Givens needs to put an end to it.

[D theG]

Totally agree fish, I just think there aren't enough people paying attention that aren't already in the stock pretty heavily.... this definitely meaningful tho... could very well be huge!

[D theG]

Totally agree fish, I just think there aren't enough people paying attention that aren't already in the stock pretty heavily.... this definitely meaningful tho... could very well be huge!

[fishhunter]

Well said! The only positive for me is that I know the shares he sold are in smarter hands.

[ARZ]

Now i will comment: He is the Chairman of the Board of the company and is selling his shares. He should be thrown out ASAP. He should not even get any Bonus shares from the company. Any board member who does not have a stake in the company should be removed and Givens should pick his own directors. I do have faith in him.

[fishhunter]

So Ferris selling 18000 of his 285000 shares is more important than the knowledge that BISim and VirTra are intimate. I just bought a lot more shares.

[fishhunter]

So Ferris selling 18000 of his 285000 shares is more important than the knowledge that BISim and VirTra are intimate. I just bought a lot more shares.

[TEEROY]

Great press gbb777

[ARZ]

You all know how I feel so - no comment -

[gbb777]

https://www.nationaldefensemagazine.org/articles/2023/11/30/video-technology-brings-3d-characters-to-simulators

[The_Gman]

I didn’t get an email on it and the last news on Scwab is

https://www.sec.gov/Archives/edgar/data/1085243/000149315223043059/xslF345X03/ownership.xml

Maybe no one knows 😂

[fishhunter]

Crazy. Last nights PR was the most important in the history of the company (because of the now disclosed BISim relationship)….and the stock has not reacted? Crazy. I thought it would be pushing $12 on todays open.

[gbb777]

"Fate" lol

[gbb777]

Bohemia Interactive was acquired by BAE in March 2022 for $ 200m.
I expect a similar faith for Virtra within 24 months.