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Wednesday, May 26, 2021 12:02:24 AM
The similarity in timing IMO is that IVAS was a proof of concept and it may have, behind the scenes, been hit or miss whether this would actually go through as the long term solution. It seems that it now will. That said, all of the simulation software could have easily integrated into any other platform and actually will fit into a lot of other hardware like laptops or simulators. The whole idea of everything the Army is building right now, if you read docs (search TSIS as an example) is that everything be modular and not be a “black box.” Even some of the weapon prototypes were built specifically with off the shelf VR headsets.
My hunch is that VirTra is a sub of the 2018 ATMP contract (issued in March 2018) and with IVAS becoming a thing, the Army now needs simulation weapons that are better suited to be used at “point of need” as well as more accurate than their competition (read their patents and the technology they use vs competition). Bob has literally confirmed that military orders have already hit the backlog
I can confirm that we've made very real progress in the military market. In fact, the fruits of that labor have started to show up in our backlog in a material way. As long as the need for quality training exists, and as long as we're able to execute on our strategy, we believe that our success could well continue. It might even accelerate.
feel free to contribute to the research I've done and help identify what the link is between VirTra and their prime, when revenue might start coming in, how contacts with the prime typically work, what products VirTra could be supplying, at what price those products sell for, or anything else you can think of. I've read every single transcript start to finish since 2017 over the past week from the perspective of "virtra is trying to supply their recoil kits to the army and it's likely timing along with IVAS release" and there hasn't been a single inconsistency with that story. Over 2.5 years of public statements all point to this outcome and Bob has done a GREAT job of telegraphing it all very clearly. For comparison, go read TPCS's conference calls the last two years and see how other subcontractors show their hand.
Hope some of y'all help out with the research and we're able to actually confirm something before next cc. The market cap for this company is $50M. They can sell 50M of recoil kits in < 25k units. There are almost 500k active Army soldiers. There are 200k marines. The upside of figuring this out is tremendous.
Recent VTSI News
- VirTra Simulators Approved for DoD-Funded Research Projects • GlobeNewswire Inc. • 06/13/2024 12:30:00 PM
- VirTra Set to Join Russell 3000® Index • GlobeNewswire Inc. • 06/04/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:05:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:06:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:05:22 PM
- VirTra Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/14/2024 08:05:00 PM
- VirTra Sets First Quarter 2024 Conference Call for Tuesday, May 14, 2024 at 4:30 p.m. ET • GlobeNewswire Inc. • 04/30/2024 12:00:00 PM
- VirTra to Introduce V-XR Training Solution at IAHSS Exhibition, Signaling Increased Commitment to Healthcare Security Training • GlobeNewswire Inc. • 04/29/2024 12:00:00 PM
- VirTra Awarded $5.9M Prototype Contract from U.S. Army IVAS Prime Contractor Microsoft • GlobeNewswire Inc. • 04/18/2024 12:00:00 PM
- VirTra Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 04/02/2024 10:00:00 AM
- VirTra Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 04/01/2024 08:05:00 PM
- VirTra Sets Fourth Quarter and Full Year 2023 Conference Call for Monday, April 1, 2024 at 4:30 p.m. ET • GlobeNewswire Inc. • 03/18/2024 12:00:00 PM
- VirTra to Participate in the 36th Annual ROTH Conference on March 17-19, 2024 • GlobeNewswire Inc. • 03/07/2024 01:00:00 PM
- VirTra CEO John Givens Appointed as Executive Committee Chair for National Center for Simulation • GlobeNewswire Inc. • 02/15/2024 01:00:00 PM
- VirTra Debuts Advanced Training Content and True-Fire™ Recoil Kits at SHOT Show • GlobeNewswire Inc. • 01/18/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/28/2023 09:05:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:05:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/07/2023 09:05:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/06/2023 09:17:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/06/2023 09:15:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 09:42:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 09:40:26 PM
- VirTra Debuts New Integration of VBS4 at I/ITSEC 2023 to Support Military Clients • GlobeNewswire Inc. • 11/29/2023 10:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/29/2023 09:19:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/29/2023 09:18:37 PM
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