Replies to post #52692 on VirTra Inc (VTSI)

[fishhunter]

Here is the other problem VirTra has.....they continue to spend too much money without accelerating revenue growth. Every quarter their net cash balance goes down and down and down. Just a couple short years ago immediately after the 18mil capital raise they had over $20million in net cash. Now look what they have, only about $6million. They have been spending like drunken sailors on stuff that is nice to have but not absolutely necessary. The new corporate headquarters is the best example of money burning a hole in Ferris' pocket. Sure its nice, perhaps even makes sense, BUT ONLY IF IT ACCELERATES profitable sales growth. The spend on "foundation company stuff" has now been in place for over a year, yet where are the better results?

Now they are spending millions in Orlando. Sure, it seems to make sense, but if they don't land a couple whale contracts within 6 months then it was another wasteful effort.

The old saying that it takes money to make money is the stupidest and most untrue statement of all time. If a business cannot be profitable from day 1 then it is not a viable business. Period. Fact. No debate!