VirTra Inc (VTSI): Cool graphs. If you click on quarter it...

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Schneidku40

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Thursday, 10/03/2019 2:49:14 PM

Thursday, October 03, 2019 2:49:14 PM

Cool graphs. If you click on quarter it really shows how the federal fiscal year end (sept 30th quarter) plays into contracts awarded. It also shows how dismal Virtra 4Q (fed 1Q) is for federal contracts. Basically, expect nothing until January. Until last year it was pretty typical for 90% of federal contracts to be in the federal 4Q. That's how lopsided they were with EOY spending. However, last year they started being slightly more evenly spaced, at least a lot more contracts awarded in federal 2Q and 3Q. Virtra got right at $5m in contracts last quarter, which is their highest quarter in history if not for that single $6.6m contract back in 2014.

https://www.usaspending.gov/#/recipient/3710ca3a-638e-6cb3-fc56-3120ea61f9a8-C

You can contrast that to FAAC, which has shown general declining federal revenue since 2011 (bumps up in 2017-2018). 2019 was the first time Virtra was awarded more than FAAC.