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sharpchicity

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sharpchicity

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Friday, 05/21/2021 12:56:47 PM

Friday, May 21, 2021 12:56:47 PM

Post# of 53889
Q1 saw $0 in STEP Sales

More evidence that VTSI had poor simulator sales in Q1 (but still somehow managed to significantly increase bookings).

from their 10q, they saw *0 change* in STEP equipment change q over q. Bob also mentioned in the call that "every single STEP customer has renewed their agreement." These two facts imply that not a single simulators was sold via their STEP program in Q1.

*NOTE: I'm mostly positive about this, since their 10Q shows 0 change in "STEP Equipment" quarter over quarter. But i haven't asked IR about what/how exactly this value means. But either way, 0 growth isn't great.
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