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This PR was really nice all around. Upgraded capabilities obviously, but the fact that this was a secret drag cash that's now coming off is great AND the rental of any excess capacity of the studio is a bonus source of income. The way they described the room definitely implied there was a decent amount of $$ that went into it. I just wish there was an embedded video or something showing a side by side of the enhanced visuals.
Tactically not mentioning IRS by name.
Bezinga hit the wires announcing one of the awards at 2:29PM
Wrap with a stinker. I don't understand how their market cap is always more than ours but maybe after this week it won't be:
Net Sales
Generated net revenue of $1.2 million for 2Q22, compared to $1.9 million for 2Q21.
Incurred discounts of approximately $0.2 million during 2Q22 as a result of promotional programs intended to encourage customers to upgrade to the BolaWrap 150. Gross revenue prior to promotion discounts and incentives were $1.4 million.
And the cherry on top.....
Backlog at the end of the 2Q22 was $0.1M.
Keep in mind that you can always get near intrinsic value for your options by exercising and selling the shares into the bid which usually is way tighter than options.I had to do that last fall since there was no legit bid. For some 5s I had that had gone way in the money. I didn’t have funds to exercise all at once so I had to exercise and sell 100 shares over and over. If you use etrade though they don’t allow for exercise on the final day or at least not unless you’ve got a huge account. That’s going to make things tricky for me with that 19th release. My avg is about .58 since some are from back in march when there was way more time value baked in. Good luck to us.
I think there's a small chance that Q1 threaded the needle on the 1.3m Europe contract that would be delivered 'soon' as of the October PR and the 2.7m in contracts from the Jan PR which had two parts one that would be delivered 'soon' and the other in spring. That'd be the foundation for a huge quarter.
Hopefully something good happens because i'm on a stack of Aug 5s
am i seeing things or is 10k filed just now?
Q4 2020 is a hard eps comp.
6.6 rev but 21 cents eps
Per IR 10Q still prior to Aug 12:
Hi, does Virtra still expect to file their 10Q prior to the August 12 deadline as stated in their prior release? This was absent from today's filing about the August 2nd release. Thanks!
"VirTra expects to file the 2021 Annual Report and Form 10-Q by August 12, 2022 and regain compliance with the Nasdaq Listing Rules"
Jeff Grampp
2:25 PM (2 hours ago)
to me, VTSI
Hello - There has been no change to our expectations to meet the timelines previously communicated.
Is the base case here that the filing will include a restatement of prior earnings? Mark Gomes is assuming as much in his last video but I hadn't heard that elsewhere.
I have the pleasure of owning another company that's two quarters behind in reporting and it is sort of holding up as well. Maybe 20% punishment in share price? As long as the public explanation holds I think it's much more of a situation that creates a ceiling vs one that leads to major decline.
Relevant O’Connell tweet apparently we’ll know this week about svt “I talked to them last week. They changed auditors because they believed the new ones would help them get filed sooner. No disagreements with old ones. And they confirmed if they get SVT they will release within 4 biz days. SVT awarded last Thurs I believe.”
T_OConnell but his account isn't currently open to followers. He was instrumental in spreading the IVAS narrative last fall.
'Added some $VTSI this week to my core position. Some sig contracts in space should be awarded soon and no one has better offerings than them. Very thin stock, do not chase.'
The last minute making the Fish point. 600ish units sold is nothing compared to the 18,000 minimum potential locations.
I have some of those. Today I bought some August 5s for 0.53. Brought my avg on those to somewhere in the 80s. I also have some June 5s for .20 which.... I mean we'll have to file something by then, right? Even just the announcement of the earnings call should give us a little juice.
Good work if you can get it. My brother sells cnc stuff for a major company like this and probably makes like 100k after commission. AND HE WON SOME BIG SALES alAWARD despite it all because the entrenched guys were even lazier. He said they would complain about the per deim not being high enough because they could barely get a nice bottle of wine with it at dinner.
Activists circling. Curious to hear what Mark Gomes says about the mess today if anything. He's doing a livestream today I believe, or maybe he already has. Can't check at work.
added shares and options today and yesterday. seems cheap.
on 3/21 they expected on 3/31 to be able to release 'preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2021'
They thought they could pull them together in 10 days.
It's now been 30 days.
So not only did they require the delay in the first place, but they grossly misunderstood the magnitude of the issue. Clown City.
Givens is the military guy so if anyone did something to earn some sort of bonus I’d want it to be him
Grabbed some Aug options. In Fishhunter we trust.
I just finished reading it. The new product tease was interesting. Sounds big.
When he says sales, I think he means more bookings than revenues. For example, in the very beginning of the QA he says, "and obviously last year fourth quarter, we had a very strong quarter with, approximately $8.3 million in new sales order in fourth quarter of last year,"
7m they don't need a big quarter to hit the double digit growth metric which seems to be the main one RF cares about. Also, the "among" in the PR has me cautious, "2021 financial results to be among the best in our history."
The thing that scares me is that he really likes to measure himself by the yearly annual revenue growth and they've got that in the bag even with just a 5m quarter. So like SharpChi says, he might not have any problem pushing revenue out whereas in the past he seemed to pull it forward.
Last year the Q was 6.5m I'm not convinced that he beats that by too much.
Why would Bob even consider it ?
If they're at the midrange of 100-200 then 20m seems low, no?
Was never out, but how could anyone resist the 7.50s at a nickel for tomorrow. C'mon, let's see the headline number on that contract beat expectations.
that 5M backlog increase.... that's where our 10M quarter went, right?
They hired that 3 month temp inspector position basically right at the beginning of Q3 so presumably there was a lot going on with the start of the military work. Is the assumption that units were produced but not shipped so the rev would remain unrecognized?
I still think this will be a very big Q, then maybe Q4 will come in soft.
I always get a sketchy vibe from him BUT as a lifelong track guy I can vouch that he walks the walk with those athletic credentials when I thought he might be full of it. So his financial musings could be genuine also.
100% STEP retention continues!
Love FLETC in that it's basically a marketing tool except they pay us.
Fish is just the tough but fair Virtra dad
Someone out with a sa article this morning. Really basic nothing on military but I linked to shawrpchi blog post in a comment so maybe we can spread the theory using this boring one as Trojan horse
I think you may be right. I think I may have turned the packages list at the end of the big pdf into an order. Not positive though because I know I wasn’t the only one talking like there was an order.
The original 24.5 document came along side an order for what we estimated was 6-8 mill of actual equipment. Is that presumably just a day or two away now that this is signed?
There's the 8 Million appx. single source deal they bid on for customs & border patrol.
Also, Bob is going back on that story trading platform this week. He loves those guys for some reason. I think SharpChi is somehow affiliated with them via Mark Gomes maybe? Hopefully he is OK and he didn't go all in OTM calls on this report or something :(
SharpChi calling 9M and 0.20 EPS on Twitter
That would be stellar.
Makes those lotto 10s look tempting.
I've rolled all my aug to nov except for a few remaining Aug 5s and 20 Aug 7.5s it was almost free to do so thankfully.