FATS: OTCBB Tim or anyone with military background.
with a military background, i bought a few shares of this thing friday @ 0.32. I know its a BB, but it seems like its a legitimate, Tim, your a military guy, was wondering if you ever heard of these guys? .....the balance sheet is not all that bad for a BB with over 2 mil in cash and over a 2 -1 current ratio. So with all that has gone on in the last 2 months, this stock should of moved more then it has, its a military stock, with increasing sales and have turned profitable.
Wouldnt mind building both a short and long term positions on this....the filings seem clean, even though a banking firm does own quite abit of shares, but doesnt seem to be any dumping...so maybe, its one of those undiscoverd ones.
There were cash flow positive last Q. Still have to do more DD on, but wouldnt mind your opinion on this.
Firearms Training develops, manufactures, sells and services small and supporting arms training simulated firearms. Its products include simulators for the military, law enforcement, sport shooting and hunter education. For the 6 months ended 9/30/01, revenues rose 53% to $26.9M. Net income applicable to Common totaled $122K, vs. a loss of $10.1M. Results reflect higher sales to U.S. Military customers, improved gross margins & reduced interest costs.
SUWANEE, Ga.--(BUSINESS WIRE)--Nov. 14, 2001--Firearms Training Systems, Inc. (OTC: FATS) is pleased to announce earnings for the second quarter ended September 30, 2001 and its third consecutive positive quarterly earnings.
Revenue for the second quarter was $15,863,000 versus $7,368,000 for the same period of the previous year. Second quarter net income was $110,000, or $0.00 per diluted share, compared with a net loss of $6,851,000, or $0.13 per diluted share for the same period of fiscal 2001.
Year-to-date revenues were $26,911,000 versus $17,639,000 for the same period of the previous year. Year-to-date net income was $122,000, or $0.00 per diluted share, compared with a net loss of $10,126,000, or $0.27 per diluted share for the same period of fiscal 2001.
Board Chairman and Interim CEO Randy Sugarman stated, "The third successive profitable quarter is indicative that the Company's efforts to re-engineer its business practices are showing positive results. The Company continues to be optimistic regarding the strength of interactive simulation technology and its ability to continue its role as a leader in the market."
FATS is an ISO 9002 certified company and a leading worldwide producer of interactive simulation systems designed to provide training in the handling and use of small and supporting arms for law enforcement, military and commercial applications.
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UWANEE, Ga.--(BUSINESS WIRE)--Nov. 28, 2001--Firearms Training Systems, Inc. (OTC: FATS) is pleased to announce the award of a contract to support the US Marine Corps development of a Deployable Virtual Environment Trainer (DVTE). FATS' role is to design, develop and deliver the indirect fire simulation component of the DVTE. The initial value of the contract is approximately $400,000 with significant potential for future growth.
FATS is part of the DVTE team that has been established by the Marine Corps to support the enhanced use of simulation while deployed aboard ship. When completed, DVTE will provide a networked simulation that will have the potential to support ship to ship simulation exercises using the High Level Architecture protocol.
FATS is particularly excited to be selected for involvement in this innovative effort to employ the use of simulation in support of deployed forces. "The DVTE program is a demonstration of FATS growth in the simulation industry and is a reflection of the growing capabilities FATS' products are now offering its customers in the US and overseas," remarked Randy Sugarman, Chairman and acting CEO.
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