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Might actually get out of these CRs and finally get a FY24 budget for Defense, Homeland and State-Foreign Operations halfway through the year!
Spending deal done, though final action could slip past deadline
More time needed to prep bill text, pass in both chambers, deliver to Biden
By Aidan Quigley
Posted March 18, 2024 at 4:26pm, Updated at 9:42pm
Q4 and Full Year Monday, April 1, 2024 at 4:30 p.m. ET
CHANDLER, Ariz. — March 18, 2024 — VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), 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 Monday, April 1, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2023. Financial results will be issued in a press release prior to the call.
VirTra management will host the presentation, followed by a question-and-answer period.
Date: Monday, April 1, 2024
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
U.S. dial-in: 1-877-407-9208
International dial-in: 1-201-493-6784
I'm not necessarily negative on the company overall or it's profitability, but more so near term revenue projections and its recent past revenue mix.
Cons
* SVT Weapons continues to get pushed back and is now looking like a FY25 award instead of FY24 due to funding constraints.
* SVT part 2 (use of force & JFT) prototype was supposed to happen 2qFY24 but has been pushed back to 3QFY25 through 1QFY27 with an initial RFI only recently released.
* SiVT continues to not be tested outdoors due to challenges handling complex terrain. Prior commentary was that the program wouldn't continue long term with only-indoor capabilities. While I wouldn't be shocked to see that comment get walked back, I'm hesitant to think FY25 is going to be the year it magically works and rolled out broadly.
* STEP program is closer to 0% y/y growth than it is to 50%
* L12 month bookings less the $4m weapon prototyping is the worst it has been since pre-covid
This all said, for what little a random guy's portfolio allocation is worth, VTSI is still my largest position.
Sharp your view seems to be negative the last few months (always appreciate people sharing the good and the bad). The first and second quarters are usually pretty strong, what is your view the next few months/year?
Back in the day, I was estimating ~$3000 revenue per HUD for SiVT. FY25 IVAS is requesting 3100 HUDs.
I’m not yet sold that all/any of these IVAS kits will be used in conjunction with SiVT in FY25. Nor that delivery will happen any time soon after an initial order.
The Army requested 165 million for IVAS for FY24 and that budget is still pending.
https://www.defensedaily.com/army-seeks-165-million-for-ivas-1-2-in-fy-24-fielding-may-begin-by-late-fy-25/army/
https://breakingdefense.com/2023/09/army-fielding-up-to-50-ivas-1-0-mixed-reality-goggles-to-soldiers-at-fort-moore/
Never seen a price list like that before. I wonder if that will help Sharp out even more with his estimates. Good stuff!
Czmkid
Thanks Gman! great stuff! I'm getting a good feeling that things are REALLY starting to line up for some potentially big contracts
They have 90days from end of fiscal year.
45days from end of q1/2/3.
Usually the very end of March. eom
Thanks ARZ! Good to hear!
I spoke with investor relations a few days ago and they have not released a date yet. I was told they normally annouce the date 2 weeks in advanced.
I also ask him if they would be late in reporting and he told me 100% they would not be.
Did I miss it or do we have a Q4/2023 annual report release and call date?
Today’s News of the investor conference pins March 17-19.
I would expect Q4/2023 beforehand so they can freely discuss the results with investors and analysts at the conference…. Please don’t repeat prior auditor delays!
Here is today’s release content:
VirTra to Participate in the 36th Annual ROTH Conference on March 17-19, 2024
Source: GlobeNewswire Inc.
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 36th Annual ROTH Conference being held March 17-19, 2024 at The Ritz Carlton, Laguna Niguel located in Dana Point, CA.
VirTra management will hold one-on-one meetings with institutional investors and analysts throughout the conference. For additional information or to schedule a one-on-one meeting with VirTra management, please contact your Roth representative or VirTra’s investor relations team at VTSI@gateway-grp.com.
About VirTra
VirTra (Nasdaq: VTSI) is a global provider of judgmental use of force training simulators and firearms training simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.
Investor Relations Contact:
Matt Glover and Alec Wilson
Gateway Group, Inc.
VTSI@gateway-grp.com
949-574-3860
I got one too! I got North East contact... I have also noticed A LOT more posts by Virtra employees/Sales on Indeed.com. I think it's part of ramping up the sales and awareness campaigns
Don't recall ever receiving a sales contact email! Maybe sales is actually becoming a thing now?
(I deleted his name and contacted info, but PM me if you'd like it)
Hello
I wanted to reach out to you formally introduce myself as your Regional Sales Manager (RSM). I will be working with clients in Northern California, Oregon, Washington, Idaho, Montana, Colorado, Utah, Wyoming, Nebraska, Kansas, and Alaska. If you need anything, please reach out to me and I will be glad to assist you!
Here is my contact information:
Northwest Region Sales Manager
If you wish to get in touch with service, you can send an email to service @bagus-5977. You can also access manuals, how-to videos, and more on the V-RC Portal - sign up if you haven't done so already!
Thank you and stay safe,
House passes first funding package to avert a partial government shutdown
The bill now heads to the Senate ahead of a Friday night deadline to avoid a shutdown. But Congress will face yet another funding lapse in just two weeks.
https://www.nbcnews.com/politics/congress/house-passes-first-funding-package-avert-partial-government-shutdown-rcna142048
The first set of appropriations bills are scheduled to expire on March 8 -- Agriculture, Energy-Water, Military Construction-VA, and Transportation-HUD (previously scheduled to expire March 1). The second set of appropriations bills are scheduled to expire two weeks later, on Friday, March 22 -- Commerce-Justice-Science, Defense, Financial Services-General Government, Homeland Security, Interior-Environment, Labor-HHS-Education, Legislative Branch, and State-Foreign Operations
https://www.crfb.org/blogs/appropriations-watch-fy-2024
Maybe we'll still have time to get in a few sales this FY!
Examining some places where AI has already been deployed within the military
By John Breeden II
FEBRUARY 26, 2024
There are a few areas where these efforts, even if they are far from the frontlines, are starting to prove their value.
https://www.nextgov.com/artificial-intelligence/2024/02/examining-where-ai-has-already-been-deployed-within-military/394464/
(and yes, it's spelled "Virtia" in the article)
VirTra: Competitive Advantages In Police Training Industry
Feb. 29, 2024 Andes Capital
Hahaha you are right. I am just frustrated the last few days. I don't have the poetic talent that twister has lol.
What a lazy post. At least put it into a poem! Twister, can you help this guy out?
This is a disgrace. We trickle down every day. Can not sustain any gains we have, over a decade of this. So many other opportunities elsewhere. They are asleep at the wheel. No updates no news nothing.
https://www.reddit.com/r/VTSI/s/TQKRZglHFa
Join a Virtra board on Reddit
John Givens Takes the Helm: A New Era for Simulation Training
Muhammad Jawad
15 Feb 2024 08:49 EST
John Givens takes the reins of the NCS Board of Directors, setting the stage for a new era in simulation training. VirTra's advanced solutions, embraced by the 10th Special Forces, offer unparalleled realism and adaptability in training scenarios.
In a significant stride forward for the simulation industry, John Givens has ascended to the helm of the National Center for Simulation (NCS) Board of Directors. This marks a pivotal moment not just for Givens, a seasoned veteran in simulation technologies, but also for VirTra, a company at the forefront of revolutionizing training methodologies. With the backdrop of a buoyant market, VirTra's shares soared to $11.70, brushing its 52-week zenith, a testament to the market's confidence underpinned by Lake Street analyst Jaeson Schmidt's optimistic outlook, pegging a Buy rating with a target of $13.00.
Charting New Horizons in Simulation Training
At the heart of this narrative is the innovative use of VirTra's simulation training software by members of the elite 10th Special Forces Group (Airborne). This cutting-edge technology, laced with artificial intelligence, is redefining readiness, offering scenarios that range from active threats to high-risk entries. The software's intelligent design allows it to adapt to users' decisions in real-time, providing a dynamic training environment. This unparalleled tool is overseen by cognitive performance specialists, ensuring that the training is not only about physical readiness but also about sharpening decision-making skills under pressure.
A Legacy of Innovation and Leadership
John Givens' journey to the chairmanship of the NCS Board of Directors is a narrative of dedication and visionary leadership. With an illustrious career that spans over decades, including a significant tenure as President of Bohemia Interactive Simulations, Givens has been at the vanguard of simulation technology. His election as Chair after six years of active involvement in various capacities within the NCS underscores his commitment to advancing the field. The NCS, under Givens' leadership, is poised to navigate the future challenges of the simulation industry, continuing its mission to foster growth and innovation in modeling, simulation, and training technology.
VirTra: Pioneering the Future of Training
VirTra's role in this evolving landscape is pivotal. As a global provider of judgmental use of force training simulators and firearms training simulators, the company is not resting on its laurels. The use of its simulation training software by the 10th Special Forces Group (Airborne) is a case in point. It offers a glimpse into the future of training, where the use of live ammunition is no longer the only option for achieving high levels of readiness. This paradigm shift towards simulation-based training is not just about efficiency and safety; it's about preparing for real-life scenarios with a level of fidelity that was previously unimaginable.
As we look at the trajectory of VirTra and the NCS under the stewardship of John Givens, it's clear that the confluence of visionary leadership and innovative technology is setting new benchmarks in the industry. The strong market performance of VirTra, coupled with its groundbreaking training solutions, underscores a future where simulation technology is not just an adjunct but a central pillar in training regimens across various sectors. This journey, marked by milestones such as Givens' election and the strategic use of artificial intelligence in training, heralds a new era for simulation technology— one that promises unlimited opportunities for practice, preparedness, and ultimately, proficiency.
https://bnnbreaking.com/tech/john-givens-takes-the-helm-a-new-era-for-simulation-training
I hope it was a great Q4. I’ve just been burned so much lately (UIS this week) that I have come to expect the worst.
I’m inclined to think positively. Fantastic Q4!
Yep, the run is done. Start buying again this Summer a couple bucks below Ferris recent sells. If Q4 was lumpy-bad…..4s or worse.
Nasdaq up huge and we continue to tank. Back to 7s soon. Smh
VirTra CEO John Givens Appointed as Executive Committee Chair for National Center for Simulation
https://finance.yahoo.com/news/virtra-ceo-john-givens-appointed-130000704.html
Nice PR this morning! Should help in all aspects of promoting the company and creating more awareness!
Thanks, accurate information always appreciated!
Your incessant hype has no ends! EOM
Wow the stock did great today! Did they put out guidance???
Buy low, sell high but without deception!
Maybe some day you will learn about integrity.
Maybe some day you'll understand investing.... buy low sell high, take that to the bank old-timer
Hype on, but to someone else!
Historic information is known.
Your ONLY concern is your own profit.
Save the cover story... You were already exposed.
Past clunker quarters and rewarding failed financials count.
Well, they count to those seeking balance rather than hype served up.
Hopefully they have turned that page, and we will see but will not be blind to it.
Drivel??? I haven't heard any rational points from you yet? What guidance would make you happy? Do you want fluff pr's go to Zack's they put out plenty.... and the company IS doing great over the last 3 Q's, and Givens has done a great job so far THE NUMBERS back it up!
'Great' for you, remains a very narrow definition!
Great for others at this price, based on currently available public information, not so much.
'Fair valuation' perhaps generous until progress on the path forward is revealed.
To that end was my post regarding the lack of follow-up guidance.
Kindly direct your future silly drivel toward others.
And you whine, I don't understand what point you are attempting to make? The company has had 3 great Q's in a row?
When you are dealing in gov't contracts it is very difficult if not impossible to give guidance. I am invested in several small companies that do gov't contract work, the ones that make "predictions" on when a contract gets approved often get crushed because it rarely happens in the expected timeframe... we'll find out when earnings come out and again shortly after that...
Great for others to play the sap...I see!
You provide the roses, helping others load up THEIR trucks with VTSI.
In November we were at 4.50, bought plenty then. At my limit now....
Hold fast your dream-world bliss!
So 'great' and yet you babble rather than buy.
$11.26
Do we need some hand holding??? Stock is doing great, volume has been excellent, they put out news when they think it is warranted....
Company lack of year-end update hitting share price!
The company appears but a silent passenger seemingly unaware of its destination.
Focused expectations moving into another successful year should be set.
Recap past year successes with responsibility taken for misses.
Appearance of less than uniform information access and availability an issue, IMHO.
$ 11.34
I should have said PTFD.... I figured you'd get a kick out of it : )
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COMPANY PROFILE: VirTra Systems, Inc. develops, sells, and supports use-of-force and marksmanship firearms training simulators in Arizona and internationally. Its products comprise V-300 simulator, a 300 degree wrap around screen for simulation training; V-180 simulator, a 180-degree screen for smaller spaces and budgets; V-100, a single-screen based simulator system; V-ST, a realistic single screen simulated shooting range simulator; and Top SME Content, a content supplied with its simulators. The company also offers V-Author, a software that allows users to create, edit, and train with content specific to agency objectives; Simulated Recoil, a range of realistic and reliable simulated recoil kits/weapons; and Threat-Fire, a return fire device that applies real-world stress on the trainees during simulation training. It serves law enforcement judgement use-of-force simulation training, military firearms simulation training, and civilian simulation shooting markets. The company sells its simulators and related products through a direct sales force and distribution partners. The company was formerly known as Ferris Productions, Inc. and changed its name to VirTra Systems, Inc. in April 2002. VirTra Systems, Inc. was founded in 1993 and is headquartered in Tempe, Arizona.
VIRTRA SYSTEMS WEBSITE: http://www.virtra.com/
VIRTRA SYSTEMS FACEBOOK: http://www.facebook.com/pages/Virtra-Systems-Inc/100717131887
VIRTRA SYSTEMS TWITTER: http://twitter.com/VirtraSystems
VIRTRA SYSTEMS YOUTUBE: http://www.youtube.com/user/VirtraSystems
Bob Ferris, CEO
VirTra Systems, Inc.
7970 S. Kyrene Rd.
Tempe, AZ 85284
telephone (480) 968-1488 x5014
telecopier (480) 968-1448 fax
bferris@virtra.com
Contract - Websites
https://www.usaspending.gov/#/keyword_search/virtra
https://buyandsell.gc.ca/procurement-data/search/site/virtra
https://www.tenders.gov.au/?event=public.advancedsearch.keyword&keyword=virtra
https://www.defense.gov/News/Contracts/
https://govtribe.com/vendor/virtra-systems-inc-tempe-az
https://www.fbo.gov/index?s=opportunity&mode=list&tab=list
http://www.peostri.army.mil/
ThreatFire Patent:
Click here
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