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How long do you think a technology set is considered the best, or world class? How do you stay the best?
I understand, and I think most agree that sales strategy has been lacking, but don't write off tech advances and the positive effects they can have. I think the PR might be showing a company shift as well, did you notice no quote from givens??? maybe they have made the shift where Bob is more CTO and Givens is going to be leading the sales side.
good luck with the pheasants, my Dad and I along with our brits harvested many a pheasant over the years
I can speak from personal experience with 3d video capture and editing.... the editing process is by far the most time consuming piece, which makes it expensive as well. Now if this minimizes editing, and "Quickly" build a comprehensive scenario library, I think it could be really positive for margins.... Again, we do need to hear this fleshed out, but it sounds really good.
"This is a tool needed to create characters and scenarios with unparalleled realism built for the three-dimensional world of headset-based training.” We also don't know what opportunities this can open up....
hopefully we can get some answers in the next month....
Not that it necessarily means anything, but this is the longest PR I have seen from VTSI in quite some time, so, I am thinking they believe it to be a game changer
I don't drink Kool-Aid and I do know technology and govt contracting
Ok.... lets just write it off as a failure even though its going to create better margins, a better product, and makes the VR headset more attractive.
BTW, Modern round failed as a company, not vtsi
Did you even read the announcement?
Sharp, I do think this time you are over thinking it, there is going to be cost savings and time savings which ultimately leads to higher margins and more flexibility... And I think you know, being the best is point in time analysis, if your not improving, you are falling behind.... I am personally wondering if this was in part from the "paid" R&D through the lower margin military contract??? Hopefully some questions can get answered at the shareholder meeting or subsequent earnings call.
Totally agree Utah, plus it mentioned creating more realistic scenarios at a more affordable price, also i think it mentioned renting out the studio as well
gb, The Best is getting even Better!
Fish, this might explain where some of the cash was going... New corporate and production, in AZ, the Orlando demo facility, AND the new 4D content studio! Sounds like they are finally looking to expand BIG TIME.... and just maybe... Givens is going to lead a new sales force as well, that even you would be good with! They did a lot the last year while remaining profitable, not easy to do for a small company! Let's start reaping rewards!
Ok, didn't see you said Net....I don't have a big problem with that as they now have their own building and production facilities in the same place that they are not paying rent on and can take depreciation etc... And i'm betting making that move when they did had more than a little to do with IVAS/Military contracts and they were going to need more space. I'd give it a little more time to decide if it was a good decision or not.... And as far as Orlando goes, they could make many times there investment with military contracts/sub contracts over the next couple years....
Are you serious??? Where did you see we only have 6 Million in cash??? That really pisses me off!
That would be great to see! And could happen especially if Givens can get us some quick sub contracting sales on some existing military contracts. We could really shine in the 2023 recession year!
Thanks G! Keep 'em rollin in! I lost track of my abacus, but I bet we well over $11 mil of new orders in the 3rd quarter..... that we know of
Agree Fish, we just moving with the market, a lot of great stocks moving lower with no justification other than the indicies are heading down.... It going to be a GREAT buy in level at some point relatively soon for the good companies!
Annual meeting notice out!
NICE!!! That should free up a lot of funds for the boys in blue
De-escalating with a skunk???
Maybe there is another contract that someone found ; )
I did hear an interesting news piece today... Insurance companies are starting to put a lot of pressure on police forces to continue coverage (some insurers are even getting out of the business of insuring PD's), because they are having to make too many payouts due to situations being handled incorrectly. This will definitely put more pressure on PD's to get more high quality situational training in my opinion
Agree! They have 2 board positions to fill... set a good example, and imply in interviews/recruiting that it will be expected
Just showed up on my yahoo news feed:
https://news.yahoo.com/microsoft-us-army-combat-hololens-goggles-military-152855161.html
The 8/31 filing
Shouldn't that read Notice of Ineffectiveness???
Lol!
Good point fish, and thanks sharp!
Maybe we get a PR and an article or two tomorrow.... Also, we should be showing up on a lot of screeners with the PPS increase and above average volume on ANOTHER down day for the overall market
Maybe Gomes will do a special update on VTSI!.... After he buys up a bunch of shares.... Lol
Over 9 Million? They better!
That pushes our backlog up to record territory again!
Nice Find Gunther! That is a nice chunk of orders right there!
Lol! I'll have to check out POWW happenings.... I am hoping we get some news on the two open board seats soon, I think that will be very telling. Hopefully Givens will have some strong input. Hopefully they get some BOD members that can immediately contribute to the sales process AND show their confidence in the company by buying a descent amount of shares on the open market!
Dog days of summer Fish....
Couldn't agree more! Good to FINALLY see some accountability for poor performance! But no complacency now! continue the positive momentum. Find a couple directors that can immediately add value and be willing to confidently invest in their position
Nice! Hopefully the house cleaning continues, and we have a leaner, meaner, more aggressive team to move us to the next, next, next level!
Lol, Maybe next cc they will issue guidance.... then we'll know!
LOL! I agree, I think we definitely going to trend up nicely! Also, glad to hear Givens not just focusing on military, going to be pushing police sales as well
Like what I'm hearing from Givens!
Nice report!!! We now down 2 board members, here's to hoping they get a couple that can contribute in a big way through sales connections to the company AND buy some serious numbers of shares
I tend to agree on that! Bob sounded like he was being a little coy on the previous conf call... also pretty interesting that the re releasing pre market and doing morning in session conf call... but then again someone might just want to start their weekend early : )
Nice announcement! Hopefully the Canada orders will continue to pick up!
Thanks Chi! We will know soon enough.... and maybe get some clues for Q2
Ewww! I can say with all confidence we will do better than that with todays earnings release : )
That might light a fire under execs and board, if someone like that starts doing some serious DD