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Thanks for sharing ARZ! Much appreciated!
Hey Arz, I watched the presentation from the Gateway conf on 9/5. Givens talked about still having a great relationship with Bohemia and that Vtsi would be doing work with them/ sub with them. Could you ask for a little more info on that? Scope, when, potential revs? Also, are they going to be subcontracting/partnering with any other major players?
Thanks much, and have a great trip!
On the other hand they are going to have in person annual meeting and day for investors.
And he's been been saying the same thing because the govt had cr's going on the last 3 q's..
As long as progress continues I'm good for now
He was there for 7 years
Fish, I know you are playing devil's advocate as usual but being a technical leadER at Amazon web services rolling out cloud based product solutions would get you CTO at many russell Co's and maybe even a fortune 500... AWS generates a ridiculous amount of money for amazon... he is probably taking a pay cut to work at vtsi but realize the stock has tremendous potential
Because they hired a high end cto that worked for Givens in the past, and I would bet he is hiring someone that is very good
Enjoy retirement Bob, you deserve it!
Looking forward to see who Givens gets on the board to help Virtra moving forward! Exciting times ahead
Respectfully disagree, may be true of widgets, not intricate high tech. Tell Nvidia that. they spent 20 years getting ahead of the curve and becoming the be all of AI.... when you have government purchasers, you HAVE to justify NOT going best of breed. I have experienced this first hand over the last 25 years, it's not like it used to be. my cousins friend is a vendor so I'll buy from him, rarely happens anymore
Discerning eyes can see Fish.... what do you think ultimately leads to sales??? Superior tech and being certified by BEST OF THE BEST AGENCIES that other govt and municipal agencies rely on to do the research!!! You guys are one trick ponies...
And whether you think it or not, getting on the Russell IS an achievement, and if not announced, very few would be aware of it including some on this board. And knowing that index funds are going to have to be holding approx 10% of the float is very important to investors and potential investors.
Nice announcement and certification! I think at some point in near future we will look back at this and say" Remember when that got announced? They were telegraphing this big federal contract"
The implications are huge... simulated shooting with PRECISION, ACCURATE, VERIFIABLE, TRACKING AND RESULTS. just from a shooting improvement standpoint, without having to use real ammo AND being able to get comparable reporting over time for individuals in basically real time is huge. And then put in all the scenario reaction analysis... Wow!!!!
Fish said "I'll bite" 😂
Hey Sharp, just a feeling, or did you find some info? Always appreciated
Awesome! That's gonna be good for the pps!😁
If your investing horizon is in weeks??? Yes, this is a big deal, if your investing horizon is 6 to 12 months??? This is a great opportunity.... much of the sales are just getting pushed out to the second half.... and yes, that includes police departments, the bulk of sales are federally funded through grants. The vx r is JUST STARTING and will be very attractive to hospitals, schools, and pd's..... I'm willing to bet we have a q this year that crushes any historical q from a sales perspective.... I know some people here think they could walk in to vtsi offices, sit down, light a cigar, jump on the phone and sell a few simulators.... it don't work that way 😉... they are doing it right through grant assistance, hand holding, etc... Givens hasn't even had one federal sales cycle since completely revamping the entire production and accounting system, be patient, we will get where we need to be!
Q1 Report today! Hopefully another strong one with some positive updates on new product sales, etc....
Any guesses?
I'll go with 10 rev and 1.6 net...
We going up first thing next week! Wait and see! 😉
Prime Contractor Microsoft.... I wonder.... when IVAS gets rolling.... Microsoft says we might as well buy them out.... at a nice premium 😉
Great announcement this morning! Confirms a lot of what many suspected! And another 6 mil on the books for 2024 and could be a monster after that!!! Very exciting!
They didn't squander anything....
New building and equipment, new state of the art capture studio, new demo and sales hq in Orlando, and they now have capacity to fulfill contracts At a fast rate, new accounting and inventory system, new sales structure, and they now have 17 mil in cash.... they hitting on all cylinders. When the feds distribute the funds from the budget sales will pick up nicely, Givens said strong 2nd half sales.... I'll take his word over anyone's speculation..... also you don't just do a raise and look for an acquisition... if you find one you really believe in THEN you do a raise
Yup! And I bet we will see Zachs and Lakestreet follow suit.... then you will see more institutions buying in, we currently below 17%
Agree Flyer! And Givens said he expect the second half to be strong contract wise. We still got a long way to go!
Lol!!! Where is everyone? At the pub? Or do they only come out when they want to complain???
100% Weeb, I think you can pretty much surmise it is a significant military contract.
100% Weeb, I think you can pretty much surmise it is a significant military contract.
Nice Q! Another 10 mil plus quarter 2.8 mul net!
Hopefully we get a good report today, looking forward to it!
Thanks Gman! great stuff! I'm getting a good feeling that things are REALLY starting to line up for some potentially big contracts
Thanks ARZ! Good to hear!
I got one too! I got North East contact... I have also noticed A LOT more posts by Virtra employees/Sales on Indeed.com. I think it's part of ramping up the sales and awareness campaigns
Nice PR this morning! Should help in all aspects of promoting the company and creating more awareness!
Wow the stock did great today! Did they put out guidance???
Maybe some day you'll understand investing.... buy low sell high, take that to the bank old-timer
Drivel??? I haven't heard any rational points from you yet? What guidance would make you happy? Do you want fluff pr's go to Zack's they put out plenty.... and the company IS doing great over the last 3 Q's, and Givens has done a great job so far THE NUMBERS back it up!
Edgar Allen Poe??? 😃
And you whine, I don't understand what point you are attempting to make? The company has had 3 great Q's in a row?
When you are dealing in gov't contracts it is very difficult if not impossible to give guidance. I am invested in several small companies that do gov't contract work, the ones that make "predictions" on when a contract gets approved often get crushed because it rarely happens in the expected timeframe... we'll find out when earnings come out and again shortly after that...
In November we were at 4.50, bought plenty then. At my limit now....
Do we need some hand holding??? Stock is doing great, volume has been excellent, they put out news when they think it is warranted....
I should have said PTFD.... I figured you'd get a kick out of it : )
Are you guys out of your mind???? Do you really think a 100 million dollar company is doing something stupid like that? They posted a picture saying we're sending out orders... nothing more.... you guys are just as guilty implying they are not! I know fish is bored when he posting stuff like that, or just ptsd from Ferris..... the company is still doing great till you see something different in the filings
Saw this today
https://hubs.li/Q02jmn840
In hospitals now! Pretty cool!