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Re: Barnabus2 post# 19070

Wednesday, 06/21/2006 2:46:24 PM

Wednesday, June 21, 2006 2:46:24 PM

Post# of 53798
Barnabus: What about the revenue?

"The recently relocated IES division has experienced continuity in operations and successfully began shipping product from Ann Arbor. In May, fourteen use of force systems were shipped to nine different customers. This milestone is in combination with recent awards totaling over $1.47M for thirty-four systems from eight customers.

Let's see, that works out to be ~$43k per system. 34 "systems" sounds impressive, $1.47 million doesn't sound very impressive or indicate that there's any serious buying of simulators going on out there.

Still, would be nice for VTSI to sell $1M worth of something.....
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