Replies to post #53715 on VirTra Inc (VTSI)

[fishhunter]

Look at this based on what full year 2024 numbers will be. At best, maybe up slightly from 2023.

At $11, their market cap is over 3x revenue.
At $11, it trades at 11x or 12x their adj ebitda.

Sure, value it at Axon multiples and it should be a $30 stock. Problem is, VirTra doesn’t perform like Axon.

Value it like other similar microcaps and it should be a $5 stock. And VirTra still does perform in a lumpy erratic way.

In my view, this remains THE biggest problem with VirTra: They do not care about or even try to sell systems and content to police departments. How much of Q1 revenue came from police depts? About $1mil. What are their in the field sales people doing? Givens seems to only care about Military, that’s all he talks about. Way easier to have steadily growing and reliable sales if focused on 14,000 customers rather than 1.