VirTra Inc (VTSI)

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Rsquared is a stats term. He was saying that prior Q bookings aren't really too closely related to revenues, but 2x prior Q bookings are. So if you are worried about weak Q1 bookings, then your concern would be better applied to Q3.

Investopedia:

R-squared (R2) is a statistical measure that represents the proportion of the variance for a dependent variable that’s explained by an independent variable in a regression model.

Whereas correlation explains the strength of the relationship between an independent and a dependent variable, R-squared explains the extent to which the variance of one variable explains the variance of the second variable. So, if the R2 of a model is 0.50, then approximately half of the observed variation can be explained by the model’s inputs.