VirTra Inc (VTSI)

[sharpchicity]

Great find. I saw this a few days ago and noticed The recoil component as well. Using pricing From a virtra catalog, I came up with VirTra revs for STP2 (3q19) = 185k. Revs for STP3 (3q20) = $700k. Revs for STP4 (2q21) = $2M.

I guess my confusion is with the HUD itself and STE. I haven’t followed this story beyond a few weeks ago, but I assumed STE was around before the HUD and was something separate. Doing research, there’s a STE Army team but I don’t see any team to build the HUD, which helped solidify this idea. But rereading this doc, you’re right, it could be that STE is part of the entire IVAS program which also includes the HUD.

(Keeping everything in a single reply) regarding ATMP, thank you for that comment! To be honest, I haven’t found anything from that deal that made me think it was anything More than support/servicing, but I haven’t found any other contracts (TReX or otherwise) that seem like VirTra could be a sub for. On a call with Bob yesterday, he mentioned that they want to try to sell through primes and he specifically mentioned both Microsoft and Lockheed, so I don’t know how to read into this any more. If they’re going through Microsoft, what contract will they be a sub for? I should look at the MSFT one as I skipped over that assuming they were only responsible for the HUD and none of the underlying software related to training itself.


I definitely believe whatever VirTra is part of something that aligns with the IVAS rollout and I have a significant stake in the company assuming such. I just can’t figure out where the connection is.