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Sell 100 shares of NATH at $72.228 for the SwingTrade Portfolio. This is one of those stocks that may have reached the peak for now or it may have a lot of growth left in it. We have never been able to get some clarity on the potential going forward. So, we chose to exit at least for now.
Nathan's Famous, Inc. Reports Second Quarter Results
JERICHO, N.Y., Nov. 5, 2014 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the second quarter of its 2015 fiscal year that ended September 28, 2014.
For the fiscal quarter ended September 28, 2014:
Net income increased by 45.5% to $3,854,000 as compared to $2,648,000 for the thirteen weeks ended September 29, 2013;
Earnings per diluted share increased by 47.4% to $0.84 as compared to $0.57 for the thirteen weeks ended September 29, 2013;
Earnings before income taxes increased by 49.3% to $6,528,000 as compared to $4,371,000 for the thirteen weeks ended September 29, 2013; and
Revenues increased by 22.4% to $28,953,000, as compared to $23,662,000 during the thirteen weeks ended September 29, 2013.
For the twenty-six weeks ended September 28, 2014:
Net income increased by 32.0% to $7,925,000 as compared to $6,002,000 for the twenty-six weeks ended September 29, 2013;
Earnings per diluted share increased by 33.1% to $1.73 as compared to $1.30 for the twenty-six weeks ended September 29, 2013;
Earnings before income taxes increased by 78.6% to $13,390,000 as compared to $7,497,000 for the twenty-six weeks ended September 29, 2013 (excluding non-routine items in 2013 relating to an insurance gain of $2,801,000 offset by an impairment charge of $400,000); and
Revenues increased by 20.3% to $56,621,000, as compared to $47,063,000 during the twenty-six weeks ended September 29, 2013.
Effective March 1, 2014, Nathan's commenced its new License Agreement with John Morrell & Co. replacing its prior licensee for the exclusive right and obligation to manufacture, distribute, market and sell "Nathan's Famous" branded hot dogs, through retail channels (e.g., supermarkets, groceries, mass merchandisers and club stores) within the United States. For the twenty-six weeks ended September 28, 2014, representing the first two full quarters of the new agreement, royalties earned pursuant to the new agreement, increased by 214.3% to $8,355,000 as compared to $2,658,000 earned under the prior agreement during the twenty-six weeks ended September 29, 2013.
The Company also reported the following:
Sales from the Branded Product Program, featuring the sale of Nathan's hot dogs to the foodservice industry, increased by 13.0% to $30,612,000 during the twenty-six weeks ended September 28, 2014, as compared to sales of $27,101,000 during the twenty-six weeks ended September 29, 2013.
Sales from the Company-operated restaurants increased by 29.4% to $12,349,000 during the twenty-six weeks ended September 28, 2014 as compared to $9,545,000 during the twenty-six weeks ended September 29, 2013. The increase in sales was due to the following: (1) Our Yonkers restaurant, operated for twenty-six weeks this year and was closed for renovations during the entire period last year; (2) Our Flagship Coney Island restaurant, which was severely damaged by Superstorm Sandy, operated for twenty-six weeks during the current year as compared to operating for only eighteen weeks last year; and (3) higher sales at both Coney Island locations during the comparative periods of operations.
License royalties pursuant to all license agreements increased by 130.0% to $10,106,000 during the twenty-six weeks ended September 28, 2014, as compared to $4,394,000 during the twenty-six weeks ended September 29, 2013.
Revenues from franchise operations increased by 4.1% to $3,002,000 during the twenty-six weeks ended September 28, 2014, as compared to $2,885,000 during the twenty-six weeks ended September 29, 2013. Twenty new franchised units were opened during the twenty-six weeks ended September 28, 2014, including ten Branded Menu Program outlets and seven international locations.
During the twenty-six weeks ended September 29, 2013, Nathan's realized a gain of $2,801,000 in connection with the settlement of its flood damage and contents loss insurance claims relating to Superstorm Sandy and recognized an impairment charge of $400,000 in connection with a long-term investment.
About Nathan's Famous
Nathan's is a Russell 2000 Company that currently distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, the Cayman Islands and ten foreign countries through its restaurant system, foodservice sales programs and product licensing activities. Last year, over 480 million Nathan's Famous hot dogs were sold. Nathan's was ranked #22 on the Forbes 2014 list of the Best Small Companies in America and was listed as the Best Small Company in New York State in October 2013. For additional information about Nathan's please visit our website at www.nathansfamous.com.
Except for historical information contained in this news release, the matters discussed are forward looking statements that involve risks and uncertainties. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions identify forward-looking statements, which are based on the current belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially include but are not limited to: economic, weather (including the three-year drought in the Midwest, along with freezing temperatures during the winter causing a reduced supply of cattle), and continued increases in the price of beef trimmings; our ability to pass on the cost of any price increases in beef and beef trimmings; legislative and business conditions; the collectability of receivables; changes in consumer tastes; the status of our licensing and supply agreements, including the impact of our supply agreement for hot dogs with John Morrell & Co. and any issues arising from or related to the transition from SMG Inc. to John Morrell & Co. as our primary hot dog supplier; the ability to continue to attract franchisees; no material increases in the minimum wage or other changes in labor laws or the impact of a new union contract; our ability to attract competent restaurant and managerial personnel; the enforceability of international franchising agreements; the impact of changes in the economic relationship between the United States and Russia; and the future effects of any food borne illness; such as bovine spongiform encephalopathy, BSE; and the risk factors reported from time to time in the Company's SEC reports. The Company does not undertake any obligation to update such forward-looking statements.
Nathan's Famous, Inc.
Financial Highlights
Thirteen weeks ended
Twenty-six weeks ended
Sept. 28, 2014
Sept. 29, 2013
Sept. 28, 2014
Sept. 29, 2013
(unaudited)
(unaudited)
Total revenues
$ 28,953,000
$ 23,662,000
$ 56,621,000
$ 47,063,000
Net income
$ 3,854,000
$ 2,648,000
$ 7,925,000
$ 6,002,000
Income per share:
Basic
$ 0.86
$ 0.59
$ 1.77
$ 1.35
Diluted
$ 0.84
$ 0.57
$ 1.73
$ 1.30
Weighted-average shares used in
computing income per share:
Basic
4,472,000
4,460,000
4,472,000
4,437,000
Diluted
4,593,000
4,625,000
4,593,000
4,603,000
FOR:
NATHAN'S FAMOUS, INC.
COMPANY
Ronald G. DeVos, Vice President - Finance and CFO
CONTACT:
(516) 338-8500 ext. 229
How did you determine that on CSTI? Here is what the press release said: "The acquisition adds significant shareholder value, with the Company delivering $0.82 per share on an adjusted basis for the second quarter after adding back one-time transaction expenses, and provides a compelling story in the security market."
I've got a lot of stuff going on today so I could have missed something. Also, I haven't read the filing.
CSTI reported a great quarter. I picked up some shares at the open.
http://finance.yahoo.com/news/costar-technologies-inc-announces-financial-023000976.html
I added a bit of MUEL this morning at $43.52. The quarter would have been great without the one-time charge which should be mostly ignored.
What news? I can't find any.
Largest in $$$. Largest in share count is meaningless.
I've been adding shares of PFHO. It is my largest holding.
Thanks! Excellent!
NXT-ID Commences Trading on NASDAQ Capital Market
September 11, 2014 9:19 AM
SHELTON, CT--(Marketwired - Sep 11, 2014) - Nxt-ID, Inc. (NASDAQ: NXTD), a biometric authentication company focused on the growing mobile commerce market, announced today that its shares of common stock and warrants to purchase common stock have commenced trading on The Nasdaq Capital Market. The common stock and warrants and will trade under the symbols "NXTD" and "NXTDW," respectively. As of today, the Company's common stock will no longer be quoted on the OTCQB, and shares previously quoted on the OTCQB will now be traded on Nasdaq.
About NXT-ID Inc. - Mobile Security for a Mobile World:
NXT-ID, Inc.'s (NASDAQ: NXTD) innovative MobileBioâ„¢ solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBioâ„¢ suite of biometric solutions that secure consumers' mobile platforms led by the Wocketâ„¢; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://www.wocketwallet.com.
NXT-ID's wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification that has 22 licensed patents in the field of 3D facial recognition http://www.nxt-id.com, http://3d-id.net.
Contact:
Corporate info:
Email Contact
Investor Inquiries:
Kirin Smith
ProActive Capital Group
Direct: +1-646-863-6519
Email Contact
Media: 800-665-0411
Can you post a link for that?
Virtual Reality Training Becomes Actuality for Los Angeles County Sheriff's Department Personnel With Purchase of VirTra's V-300(TM)
TEMPE, AZ--(Marketwired - Oct 17, 2014) - VirTra Systems (PINKSHEETS: VTSI), a leading provider of use of force training and shooting simulators to military, law enforcement agencies and other organizations, today announced the Los Angeles County Sheriff's Department Training Bureau proudly unveiled VirTra V-300â„¢ technology, which was recently added to enhance the officer safety training curriculum. This innovative and unique system is a 300-degree police firearms training simulator which immerses a single deputy or multiple deputies in real life scenarios a peace officer could face in the field. Members of the media were invited to the Biscailuz Center Training Academy in East Los Angeles to experience this training firsthand.
The media experience was put on by Tactics and Survival Training (TAS) Unit personnel regularly assigned to operate the VirTra V-300â„¢ training simulator. Media representatives had the opportunity to be immersed in one of over 100 possible scenarios and make split-second decisions in their own traffic stop, observation, call to a location, or incident.
Scenarios possible in the V-300â„¢ system include, but are not limited to: person with a gun, active shooter with multiple victims, officer ambush, domestic violence situations, and many other incidents a peace officer may face in day-to-day police work. What makes the V-300â„¢ system unique is the realism of each scenario, including the critical simulation of return fire provided by the Threat-Fireâ„¢ device. In addition, each scenario can be selectively changed by the computer or may be modified by Tactics and Survival Training Unit staff. It is not a video game and the characters are real actors, not computer-generated.
The simulator consists of five interconnected screens which surround the participant in a 300-degree arena and display life-size actors. Sound equipment and a vibrating training platform add further dimensions of realistic sensations.
The system requires no safety equipment, although the simulated weapon system of the V-300â„¢ uses real handguns, shotguns and rifles. The firearms were modified to be filled with compressed carbon dioxide instead of live ammunition. The release of carbon dioxide when the weapons are fired simulates recoiling action, adding a realistic feel to the scenario. The simulated weapon system includes the use of less lethal tools used in police work, such as TASER® or pepper spray. In some cases, the student can successfully navigate through a given scenario without deploying any weapons by simply communicating or giving the appropriate commands.
An unused utility room at the Biscailuz Center Training Academy was refurbished to house the VirTra V-300â„¢ and create a classroom environment. While the training is realistic, the classroom setting is a reminder of the learning environment surrounding the V-300â„¢.
The Tactics and Survival Unit (TAS) is one of seven components of the Training Bureau designed to provide academy recruits and in-service personnel with the most current, innovative, creative, and realistic learning experiences available to law enforcement.
TAS Unit instructors can program the V-300â„¢ to dictate each scenario based on a series of "branches". Based on the students' responses, the system operator can select the appropriate scenario "branch" and make each scenario unique. The V-300â„¢ also has several "play back" components that allow the TAS Unit instructor to review the students' performance.
The V-300â„¢ will eventually be available to all sworn department personnel, but the TAS Unit's primary focus will be to prepare deputies for patrol and in-service training for Field Operations personnel. TAS Unit will eventually offer the use of the V-300â„¢ to outside agencies for bilateral training.
"Enhancing our training practices with modern technology is essential in preparing our deputies to handle real life situations in their day to day work," said Los Angeles County Assistant Sheriff Todd Rogers.
"The newly acquired V-300â„¢ training simulator utilizes life like 'shoot/don't shoot' scenarios to capture our effectiveness and help hone our skills," he added.
"We are honored by having our products selected by one of the largest Sheriff's Departments in the world," said Bob Ferris, CEO at VirTra.
"Our passion is creating the most effective simulation systems in the world. We are excited for the opportunity to provide tangible training benefits to Los Angeles County Sheriff's deputies who continue to provide excellent service to the citizens in which they serve," he added.
About VirTra Systems
VirTra is a global leading provider of the world's most realistic and effective use of force and firearm shooting simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, powerful gas-powered recoil kits and the patented Threat-Fireâ„¢ simulated hostile return fire system. VirTra's products provide the very best simulation training available for personnel that are entrusted with lethal force and critical missions. The Company's common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
www.VirTra.com
Forward-looking Statements
This news release includes certain information that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "proposed," "planned," "potential" and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra's beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company's securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Investor Relations Counsel
Rudy R. Miller
Chairman, President & CEO
The Miller Group
www.themillergroup.net
tel: 602.225.0505
email: virtra@themillergroup.net
Public Relations Contact
Greg Sexton
The Lavidge Company
www.lavidge.com
(480) 998-2600
VTSI is getting some love.
Closing down OTCBB trading venue was an eventuality that many of us could see coming for several years. The OTCCBB trading venue has been dying for quite some time as it is antiquated. I believe other than a few regulatory changes, we should see little to no impact going forward.
OTC markets appear to be back online and trading.
There is a glitch in the OTC markets and they aren't trading now. I heard they have been down for approximately 30 minutes.
VirTra Posts Record Breaking Quarter of Nearly $11 Million of Shooting Simulator Sales/Purchase Orders, the Largest in the Company's History
Two New International Customers Added in Q-3
TEMPE, AZ--(Marketwired - Oct 15, 2014) - VirTra Systems (PINKSHEETS: VTSI), a leading provider of use of force training and shooting simulators to military, law enforcement agencies and other organizations, today announced a record quarter of sales/purchase orders for both domestic and international customers, including two countries that will receive their first VirTra simulator product. VirTra Systems' sales/purchase orders in the third quarter of 2014 were $10.68 million, the highest in any quarter of the Company's history.
Jason Mulcahy, General Manager of VirTra, said, "VirTra's continuous pursuit of excellence in every product we make is why more customers are choosing our products over the competition. We are very pleased to have penetrated two new countries with our international sales efforts. Our Company strives to provide the finest training simulators in the world while maintaining nothing less than 100% customer satisfaction."
Mark Skidmore, CPA, the Company's Vice President-Chief Accounting Officer, stated, "The record breaking quarter of sales/purchase orders is a major milestone for the Company. However, I want to remind our shareholders that sales/purchase orders in one quarter are not a guarantee of all the revenue in the following quarter. Each customer's requirements, fulfillment and set up are unique. VirTra is often subject to customers' delivery schedules, cancelations, third party protests, milestones, and extensions. Please note the Company's accounting revenue recognition policy posted after the Company's Forward-looking Statements section of this press release."
Bob Ferris, CEO and President of VirTra, said, "While I am extremely proud of the sales/purchase order activities for the quarter VirTra just concluded, I am even more excited about the future I envision for the growth of the Company. Our focus on exceptional products and superior support at affordable prices is gaining solid traction. VirTra will continue to add more enhancements and products to our already industry leading portfolio of simulation systems."
About VirTra Systems
VirTra is a global leading provider of the world's most realistic and effective use of force and firearm shooting simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, powerful gas-powered recoil kits and the patented Threat-Fireâ„¢ simulated hostile return fire system. VirTra's products provide the very best simulation training available for personnel that are entrusted with lethal force and critical missions. The Company's common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
www.VirTra.com
Forward-looking Statements
This news release includes certain information that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "proposed," "planned," "potential" and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra's beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company's securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Accounting Revenue Recognition Policy
The Company recognizes revenue for products and services when it is realized or realizable and earned. Revenue is considered realized and earned when: (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred and/or services have been rendered; (iii) the price is fixed and determinable; and (iv) collection of the resulting receivable is reasonably assured. Shipping fees are charged to customers and recorded as a component of net revenues. All sales and sales contracts, including international sales, have been denominated in US dollars.
Contact:
Investor Relations Counsel
Rudy R. Miller
Chairman, President & CEO
The Miller Group
www.themillergroup.net
tel: 602.225.0505
email: virtra@themillergroup.net
VirTra Posts Record Breaking Quarter of Nearly $11 Million of Shooting Simulator Sales/Purchase Orders, the Largest in the Company's History
Two New International Customers Added in Q-3
TEMPE, AZ--(Marketwired - Oct 15, 2014) - VirTra Systems (PINKSHEETS: VTSI), a leading provider of use of force training and shooting simulators to military, law enforcement agencies and other organizations, today announced a record quarter of sales/purchase orders for both domestic and international customers, including two countries that will receive their first VirTra simulator product. VirTra Systems' sales/purchase orders in the third quarter of 2014 were $10.68 million, the highest in any quarter of the Company's history.
Jason Mulcahy, General Manager of VirTra, said, "VirTra's continuous pursuit of excellence in every product we make is why more customers are choosing our products over the competition. We are very pleased to have penetrated two new countries with our international sales efforts. Our Company strives to provide the finest training simulators in the world while maintaining nothing less than 100% customer satisfaction."
Mark Skidmore, CPA, the Company's Vice President-Chief Accounting Officer, stated, "The record breaking quarter of sales/purchase orders is a major milestone for the Company. However, I want to remind our shareholders that sales/purchase orders in one quarter are not a guarantee of all the revenue in the following quarter. Each customer's requirements, fulfillment and set up are unique. VirTra is often subject to customers' delivery schedules, cancelations, third party protests, milestones, and extensions. Please note the Company's accounting revenue recognition policy posted after the Company's Forward-looking Statements section of this press release."
Bob Ferris, CEO and President of VirTra, said, "While I am extremely proud of the sales/purchase order activities for the quarter VirTra just concluded, I am even more excited about the future I envision for the growth of the Company. Our focus on exceptional products and superior support at affordable prices is gaining solid traction. VirTra will continue to add more enhancements and products to our already industry leading portfolio of simulation systems."
About VirTra Systems
VirTra is a global leading provider of the world's most realistic and effective use of force and firearm shooting simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, powerful gas-powered recoil kits and the patented Threat-Fireâ„¢ simulated hostile return fire system. VirTra's products provide the very best simulation training available for personnel that are entrusted with lethal force and critical missions. The Company's common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
www.VirTra.com
Forward-looking Statements
This news release includes certain information that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "proposed," "planned," "potential" and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra's beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company's securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Accounting Revenue Recognition Policy
The Company recognizes revenue for products and services when it is realized or realizable and earned. Revenue is considered realized and earned when: (i) persuasive evidence of an arrangement exists; (ii) delivery has occurred and/or services have been rendered; (iii) the price is fixed and determinable; and (iv) collection of the resulting receivable is reasonably assured. Shipping fees are charged to customers and recorded as a component of net revenues. All sales and sales contracts, including international sales, have been denominated in US dollars.
Contact:
Investor Relations Counsel
Rudy R. Miller
Chairman, President & CEO
The Miller Group
www.themillergroup.net
tel: 602.225.0505
email: virtra@themillergroup.net
I think all stockholders of IPMN received that. It was just to notify us of the charges that were filed against the principals of IPMN and to notify us of our rights as victims.
Keep it coming!
Here is a link to my VTSI thesis:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106387401
VirTra Awarded Nearly $6 Million -- Firearms Simulator Order From U.S. Federal Government
TEMPE, AZ--(Marketwired - Sep 22, 2014) - VirTra Systems (PINKSHEETS: VTSI), a leading provider of use of force training and shooting simulators to military, law enforcement agencies and other organizations, today announced the Company recently received an award from the U.S. Department of Homeland Security totaling $5.96 million.
Ryan Bray, VirTra's Regional Manager, said, "We are proud to add the U.S. Customs and Border Protection to our growing list of customers who've selected VirTra to provide them with the most effective simulator training systems available. The safety of the officers who protect our borders as well as those they encounter on a daily basis is very important to VirTra and we look forward to a long-term relationship with Customs and Border Protection."
The award contains multiple units of VirTra's industry leading V-300â„¢ simulator system. The contract also includes the VirTra V-Authorâ„¢ software package and other accessories. Multiple systems will be deployed within the Customs and Border Protection network of facilities for training of field agents and officers responsible for the protection of our nation's borders.
Jason Mulcahy, VirTra's General Manager, commented, "VirTra's dedication to enhancing the capabilities of our products to meet the ever-changing real world scenarios for our customers is unequaled in the industry. VirTra's objective is to continue to utilize cutting edge technology coupled with the latest training techniques to prepare for the challenges our customers will face in the field."
Bob Ferris, VirTra's Chief Executive Officer, stated, "We are honored by the contract award to VirTra by U.S. Department of Homeland Security. It is our plan to exceed their expectations and thus further our goal of providing the most effective simulators to an ever growing list of customers."
About VirTra Systems
VirTra is a global leading provider of the world's most realistic and effective use of force and firearm shooting simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, powerful gas-powered recoil kits and the patented Threat-Fireâ„¢ simulated hostile return fire system. VirTra's products provide the very best simulation training available for personnel that are entrusted with lethal force and critical missions. The Company's common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
www.VirTra.com
Forward-looking Statements
This news release includes certain information that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "proposed," "planned," "potential" and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra's beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company's securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Investor Relations Counsel
Rudy R. Miller
Chairman, President & CEO
The Miller Group
www.themillergroup.net
tel: 602.225.0505
email: virtra@themillergroup.net
VirTra Awarded Nearly $6 Million -- Firearms Simulator Order From U.S. Federal Government
TEMPE, AZ--(Marketwired - Sep 22, 2014) - VirTra Systems (PINKSHEETS: VTSI), a leading provider of use of force training and shooting simulators to military, law enforcement agencies and other organizations, today announced the Company recently received an award from the U.S. Department of Homeland Security totaling $5.96 million.
Ryan Bray, VirTra's Regional Manager, said, "We are proud to add the U.S. Customs and Border Protection to our growing list of customers who've selected VirTra to provide them with the most effective simulator training systems available. The safety of the officers who protect our borders as well as those they encounter on a daily basis is very important to VirTra and we look forward to a long-term relationship with Customs and Border Protection."
The award contains multiple units of VirTra's industry leading V-300â„¢ simulator system. The contract also includes the VirTra V-Authorâ„¢ software package and other accessories. Multiple systems will be deployed within the Customs and Border Protection network of facilities for training of field agents and officers responsible for the protection of our nation's borders.
Jason Mulcahy, VirTra's General Manager, commented, "VirTra's dedication to enhancing the capabilities of our products to meet the ever-changing real world scenarios for our customers is unequaled in the industry. VirTra's objective is to continue to utilize cutting edge technology coupled with the latest training techniques to prepare for the challenges our customers will face in the field."
Bob Ferris, VirTra's Chief Executive Officer, stated, "We are honored by the contract award to VirTra by U.S. Department of Homeland Security. It is our plan to exceed their expectations and thus further our goal of providing the most effective simulators to an ever growing list of customers."
About VirTra Systems
VirTra is a global leading provider of the world's most realistic and effective use of force and firearm shooting simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, powerful gas-powered recoil kits and the patented Threat-Fireâ„¢ simulated hostile return fire system. VirTra's products provide the very best simulation training available for personnel that are entrusted with lethal force and critical missions. The Company's common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
www.VirTra.com
Forward-looking Statements
This news release includes certain information that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "proposed," "planned," "potential" and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra's beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company's securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Investor Relations Counsel
Rudy R. Miller
Chairman, President & CEO
The Miller Group
www.themillergroup.net
tel: 602.225.0505
email: virtra@themillergroup.net
No idea.
I was loading PFHO yesterday.
I've been loading PFHO today too. At $51 you are paying what the CEO last paid and less than the most he paid which is $53.
I picked up a few more shares of CCNI today. At $0.69 I purchased at and below the prices where the CEO recently purchased. I like buying along side insiders because the vast majority of the time I have done very well when I did that.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10198291-1193-9041&type=sect&TabIndex=2&companyid=86130&ppu=%252fdefault.aspx%253fcik%253d1140102
Here is a short VTSI thesis:
1. VTSI was just awarded a $6M contract - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106386095
2. VTSI received $2.2M in orders in August. For comparison purposes, VTSI revenue in the most recent quarter was $2.1M. - http://finance.yahoo.com/news/virtra-firearms-training-simulator-orders-110500314.html
3. Bellevue announced that they are purchasing $341K of equipment from VTSI on September 8th. - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106364983
4. VTSI made $0.01/share in the trailing 12 months on revenue of $9.8M. So, their trailing PE at the time of our purchase was 6. With the orders on hand I expect that they will well exceed their TTM revenue and earnings.
I'm long a bunch of shares. :)
Here is a short VTSI thesis:
1. VTSI was just awarded a $6M contract - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106386095
2. VTSI received $2.2M in orders in August. For comparison purposes, VTSI revenue in the most recent quarter was $2.1M. - http://finance.yahoo.com/news/virtra-firearms-training-simulator-orders-110500314.html
3. Bellevue announced that they are purchasing $341K of equipment from VTSI on September 8th. - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106364983
4. VTSI made $0.01/share in the trailing 12 months on revenue of $9.8M. So, their trailing PE at the time of our purchase was 6. With the orders on hand I expect that they will well exceed their TTM revenue and earnings.
Buy 50,000 shares of VTSI for the SwingTrade Portfolio at $0.0607.
Thanks for posting that.
Weeeeeeeeeeeeeeeeeeeeeeeee
I'm not aware of any statements about that.
You cut off half of the financials. While they have operating income, they are still losing money. When do you expect them to be profitable?
MUEL printed a new high of $52. The ask is $53.
ALJ Regional Holdings Announces Share Repurchase Program
PR Newswire
SAN DIEGO, Aug. 18, 2014 /PRNewswire/ -- ALJ Regional Holdings, Inc. (OTC Markets: ALJJ) (the "Company" or "ALJJ") today announced that its Board of Directors has authorized a stock repurchase program for its issued and outstanding Common Stock. Depending on market conditions, shares may be repurchased from time to time by the Company at prevailing market prices through open market or negotiated transactions.
The Company is not obligated to purchase any shares. Subject to applicable laws, repurchases may be made at such times and in such amounts as the Company's management deems appropriate. Purchases under the program can be discontinued at any time by the Company. The Company expects to finance the repurchase with cash on hand.
About ALJ Regional Holdings
ALJJ is the parent company of Faneuil, Inc., a leading provider of outsourcing and co-sourced services to both commercial and government entities in the healthcare, utility, toll and transportation industries and Floors-N-More, LLC, dba Carpets N' More, one of the largest floor covering retailer in Las Vegas and providers of multiple finishing products for commercial, retail and home builder markets including all types of flooring, countertops, cabinets, window coverings and garage/closet organizers, with 5 retail locations.
This press release contains forward-looking statements. Such statements include information regarding the Company's expectations, goals or intentions regarding the future, including but not limited to statements regarding the Company's anticipated share repurchases. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Among the factors that could cause actual results to differ materially are changes in the Company's stock price, liquidity needs or market fluctuations. Additional factors that could cause actual results to differ are discussed in the Company's Annual Report for the fiscal year ended September 30, 2013 and in its other periodic reports issued through the Pink Sheets News Service and available at www.pinksheets.com. All forward-looking statements in this release are made as of the date hereof and the Company assumes no obligation to update any forward-looking statement.
That stock buyback for ALJJ is very nice. I agree with your analysis.
CSTI sell rationale....
I'm expecting a weak earnings in the Q2 report from CSTI for the following reasons...
1. In the Q1 report they announced that a customer's remodeling program "catch up" is over and therefore this revenue will reduce going forward. This represented $3.3M in revenue in Q1.
2. They did an acquisition that closed in June. While this is a plus going forward, I expect some one-time charges in Q2.
Also, I have a feeling that the press release today may cause the share price to drift lower until the report comes out. A two to four week delay in report filing causes investors' minds to wander. There is a good chance we will repurchase CSTI in the future as we like the company. There is also a significant chance this sell rationale is wrong.
I do think the news today could be a precursor to SEC filing but they didn't say that in the PR.
Costar Technologies, Inc. Appoints Mcgladrey As Its New Independent Public Accounting Firm
Costar to Commence Reviews of Interim Periods and Audits of Year End Periods
COPPELL, Texas, Aug. 15, 2014 /PRNewswire/ -- Costar Technologies, Inc. (OTC Markets Group: CSTI) today announced that it has appointed McGladrey LLP ("McGladrey") as its new independent registered public accounting firm, effective August 14, 2014. The decision to engage McGladrey was made by the Company's Audit Committee, acting on behalf of the Company's Board of Directors.
The Company's former accounting firm, Rothstein Kass & Company PC ("Rothstein Kass"), has recently been acquired by KPMG LLP ("KPMG"), and the Company's Audit Committee has determined not to proceed with KPMG as the Company's independent registered public accounting firm for the 2014 fiscal year due to proposed changes in the type, cost and timing of services. The Company had no unresolved disagreements with Rothstein Kass during the two most recent fiscal years of the Company or through the date of termination, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
During the two most recent fiscal years of the Company and during the subsequent interim period through August 14, 2014, the Company did not consult with McGladrey regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, (ii) the type of audit opinion that might be rendered on the Company's financial statements, or (iii) any of the matters or events set forth in Item 304(a)(2) of Regulation S-K.
The Company is further announcing that going forward, the Company's financial statements for quarterly periods will be reviewed and the Company's financial statements for year-end periods will be audited by McGladrey. Since 2011, the Company has been preparing and releasing quarterly compilations and unaudited year-end financial statements.
As a result of the appointment of McGladrey and the change to reviewed quarterly financial statements, the Company expects a delay in the preparation and release of its second quarter financial statements, which otherwise was expected to be released on or about August 15, 2014. The Company will release the second quarter financial statements as soon as practicable thereafter, taking into account the transition of auditors and increased review, and currently expects to issue the results in the first half of September.
About Costar Technologies, Inc.
Costar Technologies, Inc. develops, designs and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders and high-speed domes. Costar also develops, designs and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, Costar's shares currently trade on the OTC Markets Group under the ticker symbol "CSTI".
Cautionary Statement Regarding Forward Looking Statements
This document contains forward-looking statements that involve risks and uncertainties, as well as assumptions, that if they never materialize or prove incorrect, could cause the results of the Company to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements generally are identified by the words "expects," "anticipates," "believes," "intends," "estimates," "should," "would," "strategy," "plan" and similar expressions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The risks, uncertainties and assumptions include developments in the marketplace for our products, competition, related products and services and general economic conditions, as well as other risks and uncertainties. Accordingly, we cannot give assurance that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company.
Sell 200 shares of CSTI at $13.80 for the SwingTrade Portfolio.