VirTra Inc (VTSI)

[fishhunter]

Bill, I agree with the point you are making. But please recall that several years ago they changed the way they recognized revenue and cost of sales and brought them into compliance with GAAP. Essentially they went to the more conservative method of recognizing revenue only when a system "has shipped."

I remember this being explained in either an earnings release or press release maybe 4 or 5 years ago.

This is one reason why net income can be very lumpy.

All that said, most every company can play some games around end of quarter numbers. Both multi-billion public companies that I worked for did it and so did a $600mil private company.