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I'm guessing the big volume runup is in anticipation of the yearend report that "might" get released on Friday. They did 2012 on March 28 last year, although the link to it today is broken.
Andy
Sure wish Virtra could hold onto price gains. Closed yesterday at a hair under 6.5, now trading at 5.7. What does it take for this stock to go up and stay that way?
Andy
I just wish the price could close at the high for the day for a change.
I wake up, login to my account, see VTSI is up, but by the end of the day no change.
Andy
Somebody knows something. No news but trading over a million shares? Something must be forthcoming to generate that much interest out of the blue.
You missed the blockbuster 3rd quarter report in November?
Can a pink sheet company trade its own shares?
To put it another way, what stops Virtra from buying and selling its own shares in the open market as a way to support the price?
Their cash is ~20% of the market value of the stock, they could spend a few hundred thousand buying the stock at 100K shares a day, eventually selling when the price goes much higher if they need the funds later.
Is there any regulation that precludes them from doing this?
A stealth buyback, if nothing else.
Andy
They don't seem to have much of a problem with marketing, except for the fact that they are competing head-on with some very big heavyweights that own the market. Even though no other company has a multiple screen simulator like Virtra it is still hard to make headway, mostly because of inertia on the part of the buyers.
They really need a partner like Lockheed to open the doors.
Andy
Does a pink sheet company have to publicize a stock buyback?
I'm under the impression that pink sheet companies can pretty much do what they want, up to and including a stock buyback without announcing it. A stealth buyback. It would certainly support the market if they took some of that $1.8 million and bought back some stock.
Andy
Virtra is aware of EST II. Problem is they are probably too small to go it alone. And I doubt they will want to say anything about it until its a done deal, assuming they can. No point in jumping the gun.
Andy
Spoke too soon.
Someone or someone's bought 90K, price fell down to .051. Can't quite figure out why this happens. Bid/Ask was .051/.06, yet they bought at .051.
Andy
I want it to consolidate the gains and trade 5.5 to 6.1 until the next move up. Much healthier that way. Anyone who wants out can sell, eventually all stock available for sale will dry up, then we can go higher. Slow but steady.
MarketClub’s Trade Triangles for VTSI
^ The long term trend has been UP since Nov 25th, 2013 at 0.053000
^ The intermediate term trend has been UP since Nov 19th, 2013 at 0.045000
^ The short term trend has been UP since Nov 19th, 2013 at 0.045000
Smart Scan Analysis for VTSI
Based on a pre-defined weighted trend formula for chart analysis, VTSI scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
Andy
This is the part that I like about the report:
Competition
There are currently no direct competitors to VirTra Systems’ multi-screen video simulators, Threat-Fire™ return fire devices, or VirTra’s unique immersive training methodologies.
Andy
How does this make any sense?
VTSI opened with a buy trade for 500 shares at 6 cents, followed by another buy of 15,000 shares at 5.35 cents, so now a decline from yesterday is recorded, but nothing was sold.
Andy
We are almost there! Another few tenths of a cent, if it can hold might mean we break the downtrend in effect since early 2011, or even mid 2009. (Have I really held onto this stock forever?)
http://www.booktrakker.com/Economy/VTSI13.jpg
Andy
Did anyone notice what was missing?
On August 15 Virtra reported: During the second quarter 2013, VirTra received a record amount of purchase orders totaling $5.33 million. Some of these sales orders require customization and reaching milestones over the course of many months. VirTra expects to recognize the majority of the revenue from these projects in the future.
So how much of these orders were realized in the third quarter? And how much more did they get that they haven't told us about? I'm beginning to think there is some hope for VTSI after all these years.
Andy
Anybody know how to get Lockheed to make an offer for Virtra?
I don't see any other way for the SP to go up. Management sure doesn't give a damn, and Miller Group doesn't seem to care either.
Management and employees are getting paid so they have no interest in doing anything to boost the SP. One would think Bob would be interested but so far, nothing.
Andy
Tundra Incorporates Security Management System
http://www.marinelink.com/news/incorporates-management359760.aspx
MarineLink.comMonday, October 14, 2013, 11:52 AM
Tundra Maritime Defense Services (MDS) has completed Stage 1 of the ISO/PAS 28007 process in collaboration with Lloyd's Register Quality Assurance (LRQA).
Already SAMI Stage 1 and ISO 9001 certified, Tundra MDS have now incorporated a Security Management System (SMS) which they say allows them to demonstrate their reliability and professionalism to potential customers measured against a consistent and highly-demanding International Standard.
Tundra said it is now on track to becoming one of the first PMSC’s to obtain ISO/PAS 28007:2012 certification.
Tundra also said it integrates new technologies into the fight against piracy, including:
• examining ways to ensure that high quality training is rapidly made available in respect of the lawful application of the 100 Series Rules, including the development of simulator training packages through Tundra’s existing exclusivity agreement with Virtra Systems Inc., a provider of judgmental and tactical simulators and in partnership with David Hammond, the author of the 100 Series Rules for the provision of innovative, realistic and immersive training in 100 Series RUF using their Virtra Simulator.
• using their knowledge of the maritime security environment along with the manufacturing expertise of North Eastern Arms and Red Stag Technologies (a subsidiary of the Tundra Group), developing the ISO-compliant RST-15 and RST-15 DMR (Designated Marksman Rifle), which have been specifically designed for use in maritime operations through the use of patented coatings that offer an unmatched level of corrosion resistance and a size and weight that makes it ideal for use in the MARSEC environment.
• a further development of the RST-15,in the RST-15(I), a carbine that has been integrated with a tracking and forensics package that time stamps and records every round that is fired and is fitted with GPS tracking and both an integrated lighting system and a camera that records exactly what the user sees through his sight picture. This technology can be used as a method of sending a real time camera feed to another location, it can identify and record the exact location of the firearm, it can identify and record all rounds that are fired and it can be integrated into other integrated intelligent firearms systems such as MDSAS.
What is ISO/PAS 28007:2012?
The increased threat to commercial shipping by piracy in the Indian Ocean and other areas around the world has led to extensive use of Private Maritime Security Companies (PMSC) that supply PCASP to provide security on board vessels transiting the high risk areas.
ISO/PAS 28007 was published in 2012 due to rapid growth in the number of maritime security companies and the implications of using PCASP (legal issues, safety concerns for seafarers and varying national regulations).
ISO/PAS 28007 gives guidelines containing additional sector-specific requirements, which PMSCs wishing to comply with ISO 28000 can implement to demonstrate that they provide appropriate PCASP services on board ships.
Ferris has no need to do anything as he is getting a nice salary out of Virtra, what more does he need? I notice his salary has gone up while the the PPS continues to go down.
VirTra Reports Record $5.33 Million in Purchase Orders and Financial Results for Second Quarter 2013
TEMPE, AZ--(Marketwired - Aug 15, 2013) - VirTra Systems (PINKSHEETS: VTSI), a leading provider of firearms simulators to military, law enforcement agencies and other organizations, today reported unaudited financial results for its second quarter of 2013, ended June 30. The unaudited financial statements are available on VirTra's website and here.
During the second quarter 2013, VirTra received a record amount of purchase orders totaling $5.33 million. Some of these sales orders require customization and reaching milestones over the course of many months. VirTra expects to recognize the majority of the revenue from these projects in the future.
The Company posted second quarter revenue of $1.57 million along with a net loss of $0.13 million. For the first two quarters of 2013, revenue was $4.06 million and net income was $ 0.40 million. The lower second quarter revenue is due largely to the fact the Company commenced some large projects during the quarter, but the dollars are not yet recognized as revenue.
VirTra's cost of goods sold for the quarter was $0.51 million representing a 68 percent gross profit margin compared to 69 percent for the same quarter last year. Year to date gross profit margin is 69 percent compared to 68 percent for the same time last year. VirTra's profit margin may fluctuate from quarter-to-quarter and is influenced by a number of factors such as: revenue recognition, volume, vendor pricing, improved production methods and composition of customer orders.
The Company's general and administrative expenses during the second quarter of 2013 were $1.19 million compared to $1.40 million for the second quarter, 2012. VirTra has continued to control spending while investing in the development of multiple new products and sales initiatives in order to promote long-term growth along with world class customer support and new scenario development for current customers.
Mark Skidmore, Vice President - Chief Accounting Officer of the Company, stated, "The fluctuation in revenue from quarter to quarter is due to the nature of our business and our standard procedures of recognizing revenue. I am encouraged by how well we are managing our expenses and our cash." Mr. Skidmore continued, "The Company has achieved positive shareholder equity of $0.12 million, an increase of $0.45 million as compared with one year ago. In addition, we had no draws on our line of credit, compared to draws of $0.61 million during the second quarter 2012."
Bob Ferris, Chief Executive Officer of VirTra, commented, "The Company's record sales orders during second quarter is encouraging news and attributable to persistent efforts over a long period of time. VirTra's goals continue to be expanding our product offerings, gaining new customers, and building the overall value of the firm."
Strong resistence at around 6.25 cents. If we can break through that convincingly then it can go considerably higher. Resistence line goes back two years.
Here's hoping!
Andy
So where does Bob get the money to buy out Virtra? His salary isn't going to supply the funds. He did increase his holdings from 6.7 million to 15.3 million over the last year. We don't know where the money came from, but at that rate it will take another 7 plus years to acquire 51% of the stock. That assumes the price remains low, and they don't keep expanding the market and increasing earnings, both of which will drive the price up, even if not by much.
What's more likely is they are in discussions with some company for a buyout that leaves Bob in charge. That happens all the time. A buyout at anything above 6.5 cents and I make a small profit. Not what I want but I'm tired of watching this show drag on and on and on.
Where are they going to get the $7 million or more to take it private?
I'm not sure they are capable of promoting higher share prices. I don't think they know anything about shareholder management or promoting their company's stock price.
Near as I can tell they are clueless. Look at the fiasco when they tried a 100-1 reverse split. Who in their right mind would even think of that?
Andy
Interesting discussion between two competitors, each trying to push his company without being too obvious. We KNOW what Virtra has to offer vs. Meggitt, the question is, does the rest of the world know? I think that has become the mountain that Virtra has had to overcome.
It was interesting to read what James was referring to with being surrounded within the action, while McCoy was focused on how long they have been doing business. Virtra is the upstart, and without vast resources it has become an uphill battle to succeed.
Money does matter, which is why I see Virtra spending any extra funds on itself rather than shareholders, at least until it exceeds critical mass.
Andy
We have a downsloping Maginot Line currently at 6 cents that we have to get past for any rally to be meaningful. Resistance has been in effect for over two years.
Andy
This is new. Maybe there is hope for us yet...
Wrote to Bob about the earnings report, got back an automatic repy:
I will be working off-site on a large project and may not have access to phone or email until the evening, from now until May 20th, 2013. If you have an urgent need please contact me via email or contact Matt Burlend (mburlend@virtra.com).
Never seen that before!
Andy
I can only guess that he bought in the open market. That's a lot of buying for not having much effect on the price. Wonder what it will take to get the price to move higher?
Andy
Where do you get the information about Bob's ownership? I remember seeing it somewhere, just can't remember where.
Nevermind, I found it, at the bottom of the 1st quarter report.
I wonder how he increased his holdings without a rising SP? Options?
Andy
VirTra Reports Strong Financial Results for First Quarter 2013
TEMPE, AZ, May 15, 2013 (Marketwired via COMTEX) -- VirTra Systems (pinksheets:VTSI), a leading provider of firearms training simulation systems to military, law enforcement agencies and other organizations, today reported unaudited financial results for its first quarter of 2013, ended March 31. The unaudited financial statements are available on VirTra's website and here.
The Company posted first quarter revenue of $2.49 million along with a net income of $0.53 million. Last year's first quarter revenue was $2.61 million and net income for that period totaled $0.25 million. Revenue is down slightly for the first quarter of this year by about 5 percent, due in part to timing of deliveries, while net income increased 115 percent.
VirTra's cost of goods sold for the quarter was $0.75 million representing a 70 percent gross profit margin compared to 68 percent for the same quarter last year. VirTra's profit margin does fluctuate from quarter-to-quarter and is influenced by a number of factors such as: revenue recognition, volume, vendor pricing, improved production methods and composition of customer orders.
The Company's general and administrative expenses during the first quarter of 2013 were $1.20 million compared to $1.53 million for the first quarter, 2012. VirTra has continued to control spending while investing in the development of multiple new products and sales initiatives in order to promote long-term growth along with support and new scenario development for current customers.
Mark Skidmore, Vice President - Chief Accounting Officer of the Company, stated, "VirTra's management team, and all of the Company's employees, has worked extremely hard at improving financial and operational efficiencies. This ongoing, committed effort by our team had a direct financial impact on the net operating results for the first quarter."
Bob Ferris, Chief Executive Officer of VirTra, commented, "The Company's first quarter 2013 financial performance demonstrates strong gains in profitability. VirTra remains focused on growing its annual revenue and bottom line results through an expanding worldwide customer base."
Well that rally didn't last long. Down below a nickel already.
If this isn't Market Manipulation, then what is?
Seven transactions, all on the buy side, yet the price drops by .6 cents. Started out the day on the first buy at 6.2 cents, yet somehow, 6 purchases later its at 5 cents. The buyer that bought 10K shares at 6.2 and 6.32 cents must be royally pissed.
Andy
Then the obvious reality is that Virtra never becomes more than a two bit player in the worldwide marketplace unless its swallowed up by a much larger entity that has the connections.
Virtra's technology has been out for long enough so that most potential users already know about it. They've done the shows, word gets around, yet sales don't really go anywhere compared to their competition.
Add in the inevitable decline of defense budgets and state and local cutbacks as the economy slows and where does that leave Virtra?
Annual sales, 000's.
2007 2008 2009 2010 2011 2012
2015 2424 4349 6419 7862 8829
Profit in 2012 of $113,000 is unnoticeable with the number of shares outstanding.
Definite growth, but the SP has gone nowhere over that time frame.
So where does Virtra get the revenue and profit to make us some REAL money?
Andy
So you don't think every rich NRA gun nut would want the virtual range in their basement, garage or shed?
I've tried to convince Bob et. al. that the private market is vastly bigger than military and law enforcement but he keeps coming back with how difficult it is to support single person sales.
Perhaps if everyone wrote their thoughts about this to Bob Ferris <bferris@virtra.com> he might listen.
I'm not holding my breath.
Andy
Firearms Training Simulators International Contract Exceeding $2 Million Won by VirTra
TEMPE, AZ, Apr 30, 2013 (Marketwired via COMTEX) -- VirTra (pinksheets:VTSI), a leading provider of firearms training simulators to military, law enforcement agencies and other organizations, today announced the award of a contract valued at a minimum value of USD $2+ million for firearms simulators, simulated recoil weapons and accessories. The project is for an undisclosed and new international customer and destination for use by both police and military forces.
The project includes specially designed and highly advanced tetherless simulated recoil systems compatible with both VirTra's V-100(TM) marksmanship simulator as well as VirTra's V-180(TM) / V-300(TM) multi-screen ultra-realistic and effective training simulators. The systems will also include a next generation scenario debrief capability. A long list of other accessories and state-of-the-art capabilities are planned for the simulation training center.
The engineering, production and delivery are to occur in approximately 18 months or less.
Bob Ferris, Chief Executive Officer of VirTra, stated, "After more than two years of extensive demos and detailed industry research by the customer, VirTra is honored to be selected for this prestigious international project. This project represents the highest standard in marksmanship, use-of-force, and tactical simulation capabilities in the world. Once installed, this extensive training center will be an ideal location for full demonstrations of VirTra's product capabilities to other agencies throughout the country."
Audited 2012 Financials are out!
http://www.virtra.com/PDF/CompanyReports/VTSI2012FinancialStmts.pdf
Tempe, Arizona (March 28, 2013) — VirTra (OTC Pink: VTSI), a leading provider of firearms training simulators to military, law enforcement agencies and other organizations, today announced the release of its year end 2012 audited financial statements. The audited financial statements are available on VirTra’s website.
VirTra has released the report of its independent registered public accounting firm, BDO Seidman Alliance member Semple, Marchal & Cooper, LLP, on the corporate financial statements for the fiscal year ended December 31, 2012. The company reported record high annual gross revenue of $8.8 million a 12% increase over 2011 gross revenue. This gain was due to increased market acceptance of VirTra as the new standard in use of force training simulators and sales department improvements implemented before and during 2012.
Also, VirTra’s gross margin improved by 22%, moving from 52% of sales in 2011, up to 63% of sales during 2012. This increase was partially attributed to the increase in VirTra’s pricing. Also, in 2011 operations implemented a new production and inventory management system designed to improve material, labor, installation, and overhead costs of goods sold.
To increase opportunities for future expansion, VirTra did expand its overall spending on research and development during 2012. VirTra’s General and Administration expense remained constant as a percentage of sales during 2012. As a result of these efforts, VirTra made a profit during 2012 of $.1 million as compared with a loss of $.7 million in 2011.
During 2012 and continuing into 2013, VirTra is pursuing aggressive growth strategies, to include sustained investment into its business to lay the foundation for expected expansion. As part of this process, VirTra is working alongside world class companies on several large domestic and international expansion opportunities. In addition, the Company continues to build on its best-in-class product and service reputation with military, law enforcement and commercial customers throughout the world.
Bob Ferris, Chief Executive Officer of VirTra, stated, “VirTra not only reached a record high in 2012 revenue and produced a profit, it did so while investing money and time into major growth opportunities in North America and selected world-wide markets. The management team is committed to building the Company’s business, which is fundamental to long-term shareholder value. In addition, the Board of Directors is examining the implications of becoming a Securities and Exchange Commission (SEC) reporting company as well as reviewing a potential stock reversal and possible exchange listing.”
Does anyone know someone at the NRA who can promote this?
From the Artemis Defense Institute blurb:
To stay sharp, shooters should hit a range at least once a week, Steven said. With the cost of the time, targets and ammunition, that can run $30,000 annually, he estimated. A 30-minute lesson on the single -screen simulator at ADI costs $30.
$30 a week yimes 52 weeks is $1560 vs. $30,000.
Seems like a no brainer to me.
I'm trying to find some way to get more eyeballs on the stock. Its a known fact that fewer people look at a 5 cent stock vs. a $1.50 stock.
Virtra used to do conference calls but lately they've devolved to doing almost nothing to promote themselves. But I do know they want a reverse split, so I'm trying to capitalize on that knowledge.
Its either that or watch the stock continue the slow slide to zero.
Virtra is unlike any company you've ever owned. Their attitude is "Build it and they will come".
Andy
What I'm looking for is to get the PPS trading above $1 a share with hopefully better earnings to go along with that. I know of multitudes of investmant advisors and managers who can recommend it as along as it trades above $1 a share. Doesn't matter where it trades, just has to be more than $1.
Nine months earnings of $222K
Yields an EPS of .0014 cents. 0 cents on a report.
Do a 1 for 30 today and the price is $1.59 with nine months EPS of 4 cents (4.2 to be exact)
4 cents isn't much but its a real number.
Would you rather read that VTSI earned 4 cents per share or zero?
Andy