VirTra Inc (VTSI)

[Adrnaln]

Given’s wording seems very careful around today’s contract being part of a [IVAS/MS] “series of contracts”. It’s hard to know if the $3M downpayment contract is of the same “Series,” or not….

John Givens, CEO of VirTra, stated, “This additional prototype contract award, in support of the IVAS program, is a testament to the reliability and performance of our technology. This series of awards has implemented new features and tuned our design to meet the rigorous requirements of the program. Our enhanced production capabilities and investment in new technologies have solidified our contract execution by improving quality and capacity.”

It is safe to say the $3M downpayment is for a large contract, perhaps to front purchasing funds and resources/capacity for a large volume order. Capacity of what though - could be IVAS related or something else. And is the downpayment 1%, 5%, 10% or 20% of the total contract value?

Regardless, the answers are all positive for us all.