VirTra Inc (VTSI)

[Magnum7419]

I guess I let that 27 million figure influence me but for goodness sake at .17 cents a share this news coupled with the 250K they got yesterday coupled with a huge last quarter numbers....... forgive me but this is huge !!!!

I will try to find out what the numbers are......

But I have worked with city government and understand the RFP process and to get a sole source is money in the bank. Plus other governments can piggy back off of it and not have to do an RFP .........

Once a company can get in the door of government contract that can be extended to 2021...... that is another huge development....

ALL IN my humble opinion

https://www.gsaadvantage.gov/ref_text/GS02F0214P/0NJM9Q.31VRR1_GS-02F-0214P_TEXTFILE2014WIFF.PDF

Net sales were $6.2 million in the quarter, an increase of 141%, compared to $2.6 million for the first quarter of 2015. Gross profit was $4.1 million for the quarter, an increase of 173%, compared to $1.5 million for the first quarter of 2015. Gross margin for the quarter was 66%, compared to 59% for the first quarter of 2015. The year-over-year increase in gross margin was primarily due to increased sales volume.

Net income was $2.4 million for the quarter, or $0.01 per basic share, compared to $0.2 million, or break-even per basic share, for the first quarter of 2015. Stockholders’ equity increased to $6.8 million at March 31, 2016, an increase of 130%, compared to $2.9 million at March 31, 2015. The Company had no outstanding debt as of March 31, 2016. Cash and cash equivalents were $3.1 million at March 31, 2016, compared to $1.3 million at March 31, 2015. CEO Bob Ferris said: