Im surprised the stock price isnt lower and think its held pretty good considering. I thought 3rd quarter call was worst ive heard. He just read his statement word for word no excitement or enthusiasm and no questions at the end. Knowing that was the last we would hear from virtra till the end of March was very frustrating.
I still have faith in Givens and hopeful for this year. I think at least 2 out of the 4 quarters they announce will be record breaking quarters and this stock can move up very quickly. I think we could be back to between $15-$20 by mid June?
Hopefully they announce they are working with Anduril on the next call or i hope someone at least asks the question at the end. Who knows maybe Anduril buys us in 2026?

My guess is at least 2yrs minimum. I was hopeful when 12.3.6 came out because it was pretty good, but after a very very long wait, i finally got 12.5.4 (hardware 3) yesterday and was very disappointed. There was so much phantom braking it was undrivable, especially with cars behind you. I wish i could go back to 12.3.6 until the next update comes out. I would say they are 75% there but the last 25% is going to take a while. Not sure how they could take that long between updates and get worse.

Great post
I actually tried selling some yesterday because i thought this would happen and the plan was to buy back in the 12's. I like that Givens didnt try to sugarcoat it and i agree 3rd and 4th quarters should be great with a lot of promise going forward. I fully expect SP to hit $20 by the end of the year so although im not happy missing my sell price yesterday, im having a cocktail and chilling😀

Got mine last Friday! Its better than V11 but still has a long way to go, Some things got better, some did not and i had one annoying thing come back from early V11. Two steps forward and one back!!!

Sharp your view seems to be negative the last few months (always appreciate people sharing the good and the bad). The first and second quarters are usually pretty strong, what is your view the next few months/year?

Ha Ha, maybe a hat at $15, nice shirt at $20 and a sweatshirt at $30

Id say the main reason VTSI is going out of control is the leaked unexpected high sales of VIRTRA SWAG 😀
When this hits $20 ill be buying some swag!!!
Glad to hear you havent sold all your shares!

Glad your having a great experience with FSD but as much as id like to im not. Im hopeful for V 12 and yes it will suck that they cant make it drive like an actual human because of the regulations (I hate the complete stops at every stop sign).
The 3 years minimum was just a guess based on my FSD experience and the progress ive seen. It wont take passage of time alone but many more trial and error updates and lots of regulation hurdles. Whats your guess (because thats all we can do) on robotaxi and full autonomous driving? If you think were going to be autonomous in 2024 id bet a lot of money against that.
I dont post a lot but read the comments and appreciate your input on the board! Had to put a couple people on ignore to get past the constant BS (im sure you can guess who)

FSD is impressive but i agree with CHK. here in WI it makes a lot of mistakes. There are lots of back roads it thinks the speed limit is 25 when its 55 and will pull out in front of cars. It still doesnt see all stop signs in time where if i dont slam on the brakes it would go right through. Never consistent on roundabouts, you might get lucky once in a while if no cars are coming. Some of my routes it wont make a normal right turn without trying to stop almost like it thinks theres a stop sign when theres not. Putting the blinker on and constantly trying to keep to the right every time a turn lane or passing lane appears is annoying and dangerous especially when you dont have a stop sign and going straight through an intersection and the car at the stop sign thinks your turning. I could go on and on. Im sure 12 will fix some of these things but i think were a minimum of 3 years from any type of robotaxi or self driving car. I hope im wrong but every time i get an update i get my hopes up for some drastic improvements but i havent seen any in a long time.

i was going to rant and leave a long comment but instead😞😡

things i didnt like when i bought my model 3 was no heated steering wheel (i know people in south dont give a shit) ventilated seats and range. They now improved on all but my $60k purchase they are only offering $30k for trade in so i cant take the $30k depreciation in just over 2 years. But should be attractive to new buyers?

LOL, id be happy with a penny increase! Anything trending up. All we are seeing is lower lows and lower highs. At this point im letting it ride but definitely not buying more

Not sure how they can go so long with no news. No new sales, contracts, acquisitions, dividend, patent? Nothing just silence! How can they expect to keep shareholders and attract new ones, its almost like they try to drive down the stock price.

You are right!
The company has very little incentive

any links to back that up? not doubting you, i own a tesla and the stock. i have family (democrats) that just repeat what they hear, "death trap, elon stole tesla etc... i have searched a bit but get lots of bs. TIA

I think you are correct! Investor confidence in VTSI is so low right now I'm not sure any quarterly or yearly results would push the stock up but I could see it tank into the low 3s with anything bad. I think there are many long-time investors who are thinking enough is enough! Virtra doesn't seem to care at all about the stock price it is being run like a private company, not a public one. It seems the only glimmer of hope is government contracts. But I'm sure they'll find a way to screw that up too

I too would have been happy to sell at $10 in the past but now I'm waiting to see how big this contract is and then figure out how much I think the company is worth at that time. Hard to sell now with it going up every week and depending on the size of the contract the stock could go to $20 or it could go to $200? But that's the gambler in me, I'm up 400% in another stock in the last few weeks and I haven't sold that either but don't have anywhere near as much invested as I do in VTSI

Same here, didn't see the run up til I got home from work. At the very least I would have sold half my shares and held the other half just in case it kept running, even though I knew the odds of it coming back down to this level were very high. Whats more frustrating is my son has been telling me for at least a year to sell and buy dodge coin and Tesla but didn't listen and keep going nowhere with virtra

Well I guess I'm glad your not running the show because that doesn't sound customer friendly to me. Im assuming an install includes delivery, setup and training on how to use it. Im sure no police department or military department are going to want these high dollar items dropped at their door and then use their own resources to unbox, setup and figure out how to use it even with the easiest possible instructions

They have the backlog to have a much highrer 3rd quarter it just depends on Covid and how many installs they get approved to do

it was legit just poorly run, I lost a bunch

My guesses for...
Q3: $6mil revenue
Q4: $7mil revenue
Upcoming 2021: $19.8mil revenue

April 15, 2021 stock price......$5.50/share

I’m south of you and yes it’s a nice snowy day in WI. My guess (based on the silence and stock price) is 4th quarter didn’t turn out as expected but hopefully they can talk about a strong 1st quarter and HOPEFULLY more than their usual enthusiastic talk of a good year. No way they do $30-40mil this year unless they double their sales team and announce a new product but your a great cheerleader and one of these years you just might get it right lol. Enjoy the snow!

Fish you’ve called names and criticized people for selling in the 5s then the 4s then the 3s and now around 2. You MIGHT actually be justified and right for once lol

So your saying they would have had to do a RS immediately and not by the end of the 180 days?

We don’t know if it’s a great product yet since we have not seen any proof of a demand for it. Long term future might be golden but the people (CEO and BOD) that have all the information in front of them didn’t believe they could get the share price over a dollar in the next 6 months! Hopefully the price will rebound Monday?

Yep!!! It’s not looking good, the longer their silent the lower it’s going to get. Before the UL approval they we’re hyping up the written orders every PR and every chance they could. It’s been 3 months since the approval and a month since the 1st PO and they are silent about orders. There’s no reason for the silence unless it’s way off from their expectations? If they weren’t going to take POs right after the UL approval like they said they were then why didn’t they keep taking written orders for 2 months up until the 1st PO? Doesn’t make sense to me, ld love to hear other opinions

Yes, we need to see some numbers and conservative forward guidance for 2019 would be nice

Yes the PR was needed

Increase in buyback is good but I’d rather have a dividend since I haven’t made a dime in this stock in years!

They always mention shareholder value and upbeat tone that’s what their supposed to do

Just because there was no talk of lumpiness doesn’t mean there won’t be any. I guarantee there will be

You were calling people idiots for selling in the $5-$6 range, I’d say they were pretty smart!

I don’t like it either but I understand it. I almost sold myself after they announced the 1st PO because it wasn’t what I expected. From the CCs and PRs It was my understanding they were going to immediately start taking POs after the UL approval (maybe I missed something) and almost 2 months after the approval they announce the 1st PO? They hyped up the written orders so much I think people need to see there is that much of a want for the product. If they opened the floodgates with that 1st PO hopefully they give us an update by the end of the month with some good numbers

Thanks for the info, much appreciated!

Can anyone explain what 5 megawatts of POWERHOUSE translates to in sales $?

Well I’m just one investor but I have no doubt they are capable of manufacturing a solar shingle. Will their capacity be at 100% the 1st quarter, no! But they seamed well prepared for manufacturing and IMO they will be at full capacity in 2nd quarter. The $127mln in written orders are erased and are starting from $0 with purchase orders. So for me I’m more concerned with how much of that $127 is turned into POs.
Hopefully before the end of the month they will announce 3 things.

1) conversion is done
2) a decent backlog (for me that’s over $30mln)
3) 1st shipment to customer

With those announcements I’d be surprised if the pps wasn’t over a dollar (and stays over)

JMO

I think the most important pr is the current backlog for powerhouse. That number will determine where the pps will go

I was hoping it would break into the .80s this week but it looks like it may do that today. Maybe over a dollar this week

Because it’s much easier to buy at this level than sell. Especially since nothing bad has happened to warrant the drop to this level. Their still on track to be profitable and have a record year which seams to be their only goal. IMO the problem is there were new investors that had higher expectations and old investors that keep expecting something huge to happen. The good thing is the company is consistent with being profitable and growing every year the bad thing is that’s all we know is the short term plan nothing long term.

3rd quarter should not have been a surprise to anyone who listened to the 2 quarter cc, it is exactly where I thought I would be! Just like 4th quarter is pretty simple to figure out where they will probably be (right around 5.5m). Anyone who throws out inflated numbers isn’t doing anyone any good!

Based on history they don’t plan on trying to ramp up sales to 40%. So IMO the only way to HELP the lumpy quarters is to not be able to wipe out the workable backlog every quarter. They cant control incoming sales but they can help control backlog and shipments. Being staffed to ship around $40m a year and only shipping around $20m to me is a problem. How long do you think it will be till revenue is actually at $40m (I know Bills answer lol)?

No matter what they do I would still like to see a dividend! We sat at 7 cents for almost 5 years before we jumped up to this level and now we’ve been stuck here for over 2 years. From the looks of it we will be here for another 1 to 2 years.

JMHO

Can’t believe people are actually selling in this range, crazy!

Lol They said October, it’s still October! Don’t panic yet, wait a few weeks then panic if we don’t hear anything

Thanks for your unbiased input it’s much appreciated. I know you said it seems like Ferris just wants to see the cash in the bank but was the word dividend mentioned at all or any other options for the cash