VirTra Inc (VTSI)

[The_Gman]

The Top Manufacturing Stocks to Buy in April 2024
Strong buy industrials that offer great returns
22h ago · By Noah Bolton, InvestorPlace Contributor

These are a number of manufacturing companies that investors should keep an eye on.
-Limbach Holdings (LMB): Recently beat analyst expectations for earnings and is still trading at a fair valuation.
-VirTra (VTSI): A small-cap company that has experienced impressive growth.
-General Electric (GE): A robust business model that has seen growth within its aerospace and defense segment.

VirTra (NASDAQ:VTSI) is a simulation equipment manufacturer that provides training technology primarily for the military, law enforcement, and other commercial customers. It offers virtual simulation equipment with varying degrees of wrap-around screens and virtual reality headsets.

On April 1, VTSI reported earnings for the fourth quarter full year 2023, in which it stated that total revenue increased by 34% and net income more than quadrupled to over $8 million.

Following this earnings report, the increase in overall revenue, gross profit, and net income sent shares of VTSI skyrocketing by over 40%. Its management also stated that the overall growth in profits was led by operational changes like streamlining its manufacturing facility.

On April 18, VirTra announced that it received a prototype contract to create an augmented reality program for the U.S. Army, for which Microsoft (NASDAQ:MSFT) was the primary contractor.

VTSI is a rapidly growing small-cap company that offers investors increased upside potential due to its strong earnings growth and share price appreciation.

https://investorplace.com/2024/04/the-top-manufacturing-stocks-to-buy-in-april-2024/

Any little bit helps!