VirTra Inc (VTSI)

[sharpchicity]

I have a q3 estimate of $7.5m revenue still buoyed by the big Q3'22 bookings. Then i start to model the drop off.

Considering Bob said on the prior call that their current turnaround time is much > 30d and their goal is to get to sub-30 days, plus the fact that delivery has a strong dependence on customer preference, I don't think it's reasonable to assume prior Q is a strong indicator of current Q revenues. Data shows only a 25% r^2 as well, indicating as much.

When factoring the prior 6 months of bookings is when R^2 gets a lot higher at 61%. That said, for the reason stated above, i'm less concerned