VirTra Inc (VTSI)

[utahstock12]

I don't think this would be the case. Backlog is accumulated bookings, bookings are basically signed deals. My experience in the university dept I work at, which has a lot of DoD grants, was that the continuing resolution delayed processes entirely. In other words, it was not as though deals were progressing to the point of payment, freezing, and then finishing when the CR was resolved. The entire process stopped, and things were/are backed up months. (this is why I said I was worried in my pre-earnings post and why I'm dumb for not hedging barely at all) So up until March 23rd no movement would have been happening on deals for months. I'd expect some (but not all) of the delayed bookings to be in Q2 and then Q3 to be caught up. When the revenue catches up would be trickier.


I have a grant that was supposed to have a 1/1 start date that not only isn't awarded but that they've also said they're going to pull the start date forward to approximately the award date. There is a professor who has had a post doc working since Jan who is not happy about this.