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Re: None

Sunday, 07/31/2022 1:17:26 AM

Sunday, July 31, 2022 1:17:26 AM

Post# of 116585
VTSI

Stock is down because they stopped reporting. Reason for stopping reporting is because they have a new ERP system being put in and it is delayed.

They have said they will file in a few days -
"VirTra expects to file the 2021 Annual Report and Form 10-Q by August 12, 2022 and regain compliance with the Nasdaq Listing Rules."
https://www.otcmarkets.com/filing/html?id=15884266&guid=PBk-kqfiR7pKoih

They have set Tuesday, August 2, 2022 for a conference call.
https://finance.yahoo.com/news/virtra-sets-fourth-quarter-full-120000277.html

Backlog has gone up alot the last couple years.

```
03/31/2022 they reported sales orders received in 2021 totaled $32.7M. Cash of $19.7M.
11/15/2021 Reported backlog of $21.7M
08/30/2021 Reported backlog of $17.0M
05/17/2021 Reported backlog of $16.1M
03/29/2021 Reported backlog of $14.6M
11/10/2020 Reported backlog of $14.4M
08/12/2020 Reported backlog of $14.3M
05/12/2020 Reported backlog of $11.3M
03/23/2020 Reported backlog of $ 9.6M

```
When they reported 11/15/2021 they said they expected most of their backlog would turn into revenue.
"Management estimates the majority of the new bookings received in the first nine months of 2021 will be converted to revenue in 2021 and early 2022."

So I expect whatever they release to be good and for them to file and resolve the non-reporting stigma.
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