InvestorsHub Logo

fishhunter

10/29/16 9:43 AM

#39835 RE: billpr #39834

Hi Bill, Sorry about that, I probably read through all those messages too quickly.

Modern Round - The question you asked was answered very directly during the shareholder meeting and if you listen to the Q&A portion of the audio you will hear Ferris' answer. My recollection of what he said is that VirTra supplies the systems to Modern Round at some price that is a little above "cost" (so a small profit) but at a lower margin than to other typical customers.

I am far more confident about Modern Round now that they reported almost $150k in revenue for June. My guess is Jul/Aug/Sep will be over $600k and once everything is fine tuned and optimized a location like Peoria will have annual revenue of about $3million. A locale like Vegas or Dallas would likely be in the $5 or $6mil per year range.

One way or the other, we will have our Mod Rnd "answer" in about 1 year.