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Damn stock, how much of this do you own?
We know Dan blew the A/S to well over a billion before they stopped filing.
fish: Why do you care? You dumped the last of your VTSI before EOY 2020.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160541644
Looks like fish has been outed ... always figured he was a pump-and-dumper. Good catch, billpr.
billpr: If you had gotten in, yesterday was the day to take the profits. I was waiting for below 3.50 to start acquiring again so missed the opportunity. A missed opportunity is better than being a bagholder.
billpr: Fun? It's like watching paint dry. lol
Lortap: You still have 2M shares? WOW!
billpr: Why would you get back in when you think so low of the product and its prospects?
Happy New Year all!
$3.50 may be a little too high to start accumulation. Unless we get a PR in mid-Januray extolling the virtues of a great Q4, look for this to slide down to $3 over the coming weeks, IMO. Of course, there could be a buyout or huge sale at any time as well (that's been the sentiment for over a decade now, that could mean that we're due - lol)
OT: billpr
Intellectually lazy. Your idea about the draft is compelling.... I'd say for people who don't have the grades to get to a college for a meaningful degree. Eliminate all "<fill-in-the-blank> Studies" worthless majors, and every other such non-sensical crap that people now want taxpayers to pay for them. Make a trade school an option over military.
OT Fantom
https://reason.com/2020/12/21/an-anti-racist-education-for-middle-schoolers/
This is what it's coming down to, wonder if billpr is on board with this nonsense.
OT Fantom - these guys have good discussions
Twister: Probably too soon to buy right now .. if you do you'll need to hold some bullets in the chamber and DCA over the next couple of months, IMO.
schneid: Still four months to go 'til next earnings report (unless Ferris pops off a PR on Q4 sometime in January). Three months until any kind of significant share purchasing anticipating said report. This thing is sinking faster than expected so I may look to get in again in low 3's and DCA as necessary. MACD Histogram has been red for a while, was red for three months straight waiting for 2019 10K in early 2020 so this could go down to $2 if history repeats. Got out just in time this go around at 4.30 and 4.40 - love it when a plan comes together!
MFranny: As history has shown, nothing.
OT: billpr But they aren't disproportionality shot by police.
Studies have been done re: interactions with police that have gone violent. The number of blacks shot/killed in police incidents that have gone violent is just about the same (on a percentage basis) as whites - the difference is less than 1%. Studies have also been done on who commit crimes, more blacks (on a percentage basis) commit crime than whites, thus more blacks (on a percentage basis) are put in jail. The numbers don't lie, the only ones lying are the plethora of race hustlers you see on TV. Watch that first video I linked - these guys know what's up and what's reality vs. the brainwashing that takes place via the media. More than 3X the number of un-armed whites have been killed this year by police than blacks. Can you name even one of them? I'll bet you can name a few of the blacks. Think about why that is.
I am in no way, shape or form a "privileged" person - that's complete BS. My family had just enough money to have a roof over our head, clothes on our back and basic food to eat. We never went out to a restaurant because we couldn't afford it. Went some days without lunch at school. We never went on a vacation. All my clothes were hand-me-downs from older siblings. My wife and I earned everything we have - in the age of Affirmative Action where we would get passed over for a job in favor of an "Afro-American" or Hispanic applying for that same job.
btw my Grandparents didn't arrive in U.S. until the 1900s and they (and my parents) never looked down on any race of people and taught me to treat all with respect. But now all the white, liberal woke a-holes are telling me I'm "privileged" and racist simply because I'm white and I'm just too ignorant to know it. Right. That's the utter stupidity being blasted across TV and social media every day.
OT billpr: The cultural problem is in part of your so-called "Afro-American" community. Massive # of single-parent households, kids growing up with no discipline or respect toward other people, glorification of "Thug" life. Here's a video of intelligent "Afro-Americans" speaking on a recently released movie "What Killed Michael Brown?"
schneid: unloaded the last of my shares obtained between 3.50 - 3.70 for average of 4.35. Had some GTC orders in since the earnings and they all finished selling yesterday. No reason to sell this stock at a loss, took about two months to get that .75/share profit. This may hit 4.50 resistance and stall again, we'll see. MACD Histogram has been green for a few days so the return to red is inevitable. Still holding some for if this ever runs.
billpr: They make these things called "sweatshirts" and "jackets" for when it's "cold". lol
Someone needs $50k ... 12,700 @ 4.15 on the ask
Schneid: I don't know, we're now five months away from the next required filing. Unless they release great Q4 results via PR sometime in Jan/Feb, some major contract(s), or an all-out sale of the company, I think we will stay between $3 - $4 for the months ahead. Very little volume on the earnings news, no volume today. Maybe someone behind the scenes will start accumulating again like they did May/June or early August, that's the only hope to get to $4.70 at this point IMO.
schneid: Based on volume the last few days it looks like no one was expecting anything good from VTSI. Their quarter was close to Q3 2019 and given COVID issues that's pretty good. Next Q looks to be good so if they can make the same in COVID era that they did in 2019 that's a decent year.
I still have my trading shares, not enough volume to sell before the news.
Schneid: VTSI is no longer a stock where it takes years to get back to even with DCA, volume nowadays is HUGE compared to years ago, even though it is anemic by NASDAQ standards. That being said, I'm 100% green on every VTSI sell I've ever made over a decade thanks to DCA. I sold some shares around 4.50 - 4.60 in August. In late Sept I started buying back around 3.60 and although I did get some below that it wasn't many. I also bought some at 3.70 - had a GTC order in for the longest time at 3.50 but changed to 3.70 and got filled only to see it drop to 3.50 a week later (with very few shares going off at or below 3.50). I'm not hugely confident in the earnings report and may sell them before just to get a tidy profit. I am holding some for long haul as I believe we can go higher than low 4s. RE: Earnings reports being bad - yes, last several have been poor. But what did SP do? It went up three of the last four times right after the report. It hasn't fully recovered from the last one where I sold right before, and that's been a benefit me being able to acquire at 3.50 - 3.70.
Schneid: After all this time following VTSI, shouldn't you know better than to look at charts and sell at a loss based on them?!? Especially with an earnings report coming (and MACD Histogram in the red for weeks lol!) The low volume makes charts for VTSI pretty much irrelevant. Dollar-cost averaging is always the way to go when you start going into DD. Proper money management/position sizing should allow you to make money on every VTSI "trade" in the long run.
frpt: depends on if you're holding them up-side-down.
George: T/A on this stock is really just water cooler talk, there's not enough volume to make it meaningful. The low volume allows significant price volatility, serious T/A people stay away from something that can easily be manipulated.
Prinz18: How do you audit nothing?!?!
fish: full disclosure. Today I started buying back the shares I sold between $4.50 - $4.60 last month. Got 'em for $3.60, didn't buy them all back yet as MACD showing this could still drop a little here. Will dollar-cost-average and buy more when I feel MACD histogram looks to be bottoming.
schneid: Looks like you sold right on time lol
Keep your eye on the MACD Histogram, it's run above zero peeked out two days ago and now heading down.
TEE: It's not emotions ... it's insanity.
You know, doing the same thing over and over and over and expecting a different result.
fish: Sold them before today so if you were buying them at $4.50 - $4.60 then you have them. Thanks for taking them off my hands almost 25% higher than current PPS! Savvy.... lol
George: according to fish, I'm just another stupid retail seller. lol
Schneid: MACD Histogram was green for too long, a sell-off was imminent. Once again, kicking myself for not selling 100% but at least unloaded 50% this time.
Buy more shares! Fish owns more than any other human and he needs someone to sell them to. lol
VirTra Reports Second Quarter and Six Month 2020 Financial Results
GlobeNewswire•August 11, 2020
Sales Momentum Improves Margins and Drives Record $14.3 Million Backlog
TEMPE, Ariz., Aug. 11, 2020 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, reported results for the second quarter and six months ended June 30, 2020. The financial statements are available on VirTra’s website and here.
Second Quarter 2020 and Recent Highlights:
Received $1.6 million IDIQ (indefinite delivery/indefinite quantity) contract from the Department of State for the Republic of Mexico for use-of-force simulators and police driving simulators
Released new V-VICTA (VirTra Virtual Interactive Coursework Training Academy) training curriculum to help law enforcement communicate and interact more effectively and positively with individuals with autism
To date, submitted 17 V-VICTA courses (a total of 60 hours of certified training content) to IADLEST’s National Certification Program
Backlog increased $4.2 million year-over-year to a record $14.3 million as of June 30, 2020
Second Quarter and Six Month 2020 Financial Highlights:
All figures in millions, except per share data Q2 2020 Q2 2019 % ? YTD 2020 YTD 2019 % ?
Total Revenue $ 2.8 $ 3.1 -9 % $ 6.1 $ 6.1 0 %
Gross Profit $ 1.6 $ 1.5 4 % $ 3.2 $ 3.3 -4 %
Gross Margin 57.0 % 49.6 % 15 % 51.9 % 54.3 % -4 %
Net Loss $ (0.6 ) $ (0.6 ) -5 % $ (1.0 ) $ (0.9 ) 5 %
Diluted EPS $ (0.08 ) $ (0.08 ) 0 % $ (0.13 ) $ (0.12 ) 8 %
Management Commentary
“Despite the highly unusual operating environment due to the pandemic, we continued to build on our sales momentum during the second quarter, which resulted in relatively consistent financial results compared to 2019 and which has positioned VirTra for a strong second half of the year,” said Bob Ferris, Chairman and Chief Executive Officer of VirTra. “Financially, the quarter was highlighted by a $4.2 million increase in our backlog as compared with the same quarter last year and the continuation of a solid balance sheet. Operationally, the quarter was highlighted by the $1.6 million contract we received from the Department of State for the Republic of Mexico, expansions of our V-VICTA training curriculum, and progress increasing VirTra’s presence in the military market.
“While the prolonged impacts of COVID-19 delayed many of our installations during the second quarter, suppressing revenue, our sales and marketing teams worked diligently to successfully increase sales volumes. Given the national focus on law enforcement training and the significance of the use-of-force decisions entrusted to them, the need for VirTra’s solutions has likely never been greater. It remains to be seen how the pandemic will affect installations in the coming months, but given the indispensable nature of our unique products, which provide law enforcement and military personnel with access to the best decision-making, marksmanship, and use-of-force training available, we remain cautiously optimistic that the second half of the year will be stronger than the first.”
Second Quarter 2020 Financial Results
Total revenue decreased 9% to $2.8 million from $3.1 million in the second quarter of 2019. The decrease in total revenue was due to decreases in installations of simulators, accessories, curriculum and training resulting from COVID-19 travel restrictions.
Gross profit increased 4% to $1.6 million (57.0% of total revenue) from $1.5 million (49.6% of total revenue) in the second quarter of 2019. The increase in gross profit was primarily due to reduced warranty costs.
Operating expense was $2.4 million compared to $2.4 million in the second quarter of 2019. The consistency in operating expense was mainly due to similar levels of general and administrative expense, as well as research and development expense.
Loss from operations was $822,000, compared to a loss of $883,000 in the second quarter of 2019.
Net loss totaled $601,000, or $(0.08) per diluted share, compared to net loss of $634,000, or $(0.08) per diluted share, in the second quarter of 2019.
Adjusted EBITDA loss was $579,000, compared to a loss of $675,000 in the second quarter of 2019.
Financial Results for the Six Months Ended June 30, 2020
Total revenue was $6.1 million compared to $6.1 million in the first six months of 2019. The consistency in total revenue was due to a similar number of simulators and accessories delivered compared to the same period in 2019.
Gross profit was $3.2 million (51.9% of total revenue) compared to $3.3 million (54.3% of total revenue) in the first six months of 2019. The decrease in gross profit was primarily due to differences in the product mix and the quantity of systems, accessories, and services sold.
Operating expense was $4.5 million compared to $4.7 million in the first six months of 2019. The decrease in net operating expense was due to reduced selling, general, and administrative costs for travel, tradeshows, and professional service as a result of COVID-19 restrictions compared to the same period in 2019.
Loss from operations was $1.3 million compared to a loss from operations of $1.3 million in the first six months of 2019.
Net loss totaled $991,000, or $(0.13) per diluted share, compared to net loss of $947,000, or $(0.12) per diluted share in the comparable period a year ago.
Adjusted EBITDA loss was $978,000 compared to adjusted EBITDA loss of $1.0 million in the first six months of 2019.
At June 30, 2020, backlog totaled approximately $14.3 million, a $4.2 million increase compared to backlog of $10.1 million as of June 30, 2019. Accounts receivable and unbilled revenues totaled approximately $4.8 million compared to $5.9 million at December 31, 2019, a decrease of $1.0 million. Cash and cash equivalents and certificates of deposit totaled $4.0 million at June 30, 2020 compared to $3.3 million at December 31, 2019, an increase of $0.7 million.
Conference Call
VirTra management will hold a conference call today (August 11, 2020) at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results. VirTra’s Chairman and CEO, Bob Ferris, and CFO, Judy Henry, will host the call, followed by a question and answer period.
U.S. dial-in number: 844-602-0380
International number: 862-298-0970
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact VirTra’s IR team at 949-574-3860.
The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website.
A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through August 25, 2020.
Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 35813
About VirTra
VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving 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.
fish: I thought you stated a while back you were selling, now you own more than Ferris?
fish: full disclosure I've liquidated half my holdings the past few days. The last few times I've only done small percentages when 100% would have been the right play. I used to do 100% but started accumulating and holding most. My holdings are small relatively speaking so I don't impact PPS all that much.
We'll see how it works out this time. Can buy back anytime since I sold shares in profit.
fish: The only "smart" ones in VTSI are the people selling on pops and buying on dips year-after-year.
Consensus Revenue $2M with estimated EPS of -0.11?!?
We would like to inform you that one or more companies in which you hold positions will announce earnings soon with consensus estimates as detailed below. Please see KB2133 to learn more about trading strategies some investors use in connection with earnings announcements.
Underlying Quarter Consensus EPS Consensus Revenue Currency Date When Announced Implied Move* Avg 1-Week
Move** Accounts
VTSI Q2 '20 -0.11 2.0 M USD 11-AUG-2020 AfterClose N/A N/A U****71
*Implied move is the absolute value of the change in price calculated based on implied volatility of options for this stock.
**Represents the average change in stock price over the one-week period following the past four earnings announcements.
Note: Information provided by Refinitive or StreetInsider.
LOS ANGELES, CA / ACCESSWIRE / August 5, 2020 / LD Micro today announced the initial list of companies slated to present at the upcoming LD 500, taking place September 1st-4th, 2020 , exclusively online.
"For the first time in ten years, we were unable to host our mid-year conference, which caused us to dream up the LD 500," stated Chris Lahiji , President of LD Micro. "This will be our most ambitious event to date, expected to feature over 300 companies to more than 20,000 attendees. While the economy and financial world have been turned upside down, investor interest is as high as we have ever seen, and we will have something for everyone. Our "Zooming with LD" series has created some significant momentum that we plan to ride out till the big week."
https://ld-micro-conference.events.issuerdirect.com/page-3601
https://www.ldmicro.com/profile/VTSI