Tuesday, March 05, 2019 9:07:01 AM
We will see how it goes but I think this is what they need to be doing. I own another stock CODA that sells real time 3d sonar solutions for various purposes (oil and gas work, bridge inspections etc).
Their equipment is expensive to the tune of hundreds of thousands per unit not too different than VTSI. They started a rental program that has been a huge success. Oil and gas companies that are sensitive to capex are more willing to rent equipment. The result has been considerably higher margins and stabilizing sales even in a terrible offshore market.
VTSI seems to be similarly situated. It's a lot easier to get a $20,000 appropriation for a small department than it is to get $300,000 plus its a recurring revenue stream.
It's a strategy shift so we will see what happens but this seems like a smart business move.
When posting on VMC boards all postings should have a symbol in the header and if foreign please post both US and Foreign symbols.
Recent VTSI News
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 10/18/2024 07:31:24 PM
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- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 10/08/2024 08:07:09 PM
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- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/06/2024 08:05:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 10:24:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 01:54:23 AM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:28:58 PM
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