Welcome to our dedicated page for Virtra news (Ticker: VTSI), a resource for investors and traders seeking the latest updates and insights on Virtra stock.
Overview of VirTra Inc
VirTra Inc (Nasdaq: VTSI) is a U.S.-based company committed to designing, manufacturing, and supporting advanced training simulators. As a critical player in simulation training, the company delivers sophisticated judgmental use-of-force and firearms training systems that seamlessly integrate advanced technology with realistic training scenarios. Utilizing innovative virtual reality and simulation solutions, VirTra caters to law enforcement, military, educational and commercial markets worldwide.
Core Business and Product Offerings
The company provides an extensive range of products designed to replicate real-world scenarios for dynamic training. Its portfolio includes state-of-the-art simulators, upgrade components, scenario software, recoil kits, and additional accessories that enhance training authenticity. VirTra's simulators are not only used for training purposes but have also been identified as reliable research tools, as studies have demonstrated their high precision, data management capabilities, and reproducibility over time. This combination of product quality and detailed performance analytics positions VirTra as an invaluable asset for agencies looking to improve operational readiness and for researchers analyzing human performance under stress.
Business Model and Market Application
VirTra generates revenue primarily through direct sales and international distribution partnerships, supplemented by comprehensive support services that include installation, training, and service agreements. By focusing on a sustainable financial model, the company reinforces its commitment to profitable growth, ethical business practices, and continuous product innovation. Its offerings are strategically designed to meet the unique needs of its diverse customer base, from police departments and military units to educational institutions and commercial training providers.
Technology Integration and Research Validation
A key differentiator for VirTra is its adherence to advanced technological standards. The company embeds precise measurement systems and analytics into its simulators, allowing for detailed tracking of shooting performance, movement, and reaction times. This attention to precision is supported by independent research, which confirms the consistency and reliability of its products for both operational training and scientific research. By integrating robust data management and analytical tools, VirTra ensures that each training session offers quantifiable insights and improvements.
Customer Support and Aftermarket Services
The company prides itself on delivering industry-leading customer support. Beyond the initial installation and purchase of training equipment, VirTra offers ongoing training sessions, limited warranties, and service agreements that provide continuous technical support. This high level of after-sales care not only solidifies customer trust but also enhances the overall value proposition of its products.
Competitive Position and Industry Significance
Within the simulation training and virtual reality sectors, VirTra distinguishes itself through its commitment to quality, technological innovation, and reliable support services. The company’s simulators are tailored to deliver realistic, immersive training experiences that meet the stringent standards required by law enforcement and military applications. This nuanced approach to product development has allowed VirTra to establish a strong market presence even as the industry evolves, ensuring that its offerings remain both relevant and technically advanced.
Commitment to Quality and Ethical Standards
VirTra's operational philosophy emphasizes a high standard of product quality and ethical business practices. Every facet of the company’s operations, from simulator design to customer support, is executed with precision and a long-term commitment to excellence. This dedication not only benefits the end users by delivering superior performance during training exercises but also builds a foundation of trust and reliability for long-term business relationships.
Through continuous enhancements in simulation technology, rigorous performance validation, and a comprehensive service network, VirTra Inc remains a pivotal provider of advanced training solutions. Its holistic approach to training and research underscores its significance in an increasingly complex security and defense environment, where rapid, accurate, and realistic training methodologies are essential.
VirTra reported Q4 and full year 2024 results, with Q4 bookings growing 37% sequentially to $12.2 million and year-end backlog expanding to $22.0 million. Q4 revenue was $5.4 million, down from $10.9 million in the prior year, while full-year 2024 revenue reached $26.4 million compared to $38.8 million in 2023.
The company maintained robust working capital of $34.8 million and secured new contracts in Europe and Latin America. Q4 net loss was $(0.9) million or $(0.08) per share, compared to net income of $3.5 million or $0.32 per share in Q4 2023. Full-year 2024 net income was $1.4 million or $0.12 per share.
Notable achievements include completing the U.S. Army's IVAS development phase 42 days ahead of schedule and securing the first V-XR® training platform sale in Canada. The company faced challenges from federal funding delays but showed resilience through growing bookings and international expansion.
VirTra (NASDAQ: VTSI), a global provider of judgmental use of force training simulators and firearms training simulators for law enforcement and military markets, has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for Thursday, March 27, 2025, at 4:30 p.m. Eastern time.
The company will release its financial results via press release before the call. Management will host a presentation followed by a Q&A session. Investors can join using U.S. dial-in (1-877-407-9208) or International dial-in (1-201-493-6784) with Conference ID 13751824.
A replay will be available until April 10, 2025, accessible via toll-free (1-844-512-2921) or international (1-412-317-6671) numbers with Replay ID 13751824. The call will also be broadcast live and available for replay through the company's investor relations website.
VirTra reported Q3 2024 financial results with bookings growing 51% quarter-over-quarter to $8.9 million. Total revenue was $7.5 million, slightly down from $7.6 million in Q3 2023. Gross margin improved to 73% from 71% year-over-year. Net income decreased to $0.6 million ($0.05 per diluted share) compared to $1.6 million ($0.15 per diluted share) in Q3 2023. The company maintained strong working capital of $36.0 million and launched V-XR, their new extended reality solution. Operating expenses increased 28% to $4.7 million due to investments in staff and expanded sales efforts.
VirTra (Nasdaq: VTSI), a global provider of judgmental use of force training simulators and firearms training simulators for law enforcement and military markets, has scheduled its Third Quarter 2024 earnings conference call for Tuesday, November 12, 2024, at 4:30 p.m. ET. The company will release its financial results for the quarter ended September 30, 2024, via press release before the call. The presentation will include a Q&A session and will be available for replay until November 26, 2024.
VirTra, Inc. (Nasdaq: VTSI) has appointed two distinguished leaders to its board of directors: retired U.S. Army Lieutenant General Maria R. Gervais and Executive Director Mike Ayers of the Georgia Peace Officer Standards and Training (POST) Council. These appointments, effective October 21, 2024, bring VirTra's independent board members to four out of five, strengthening the company's governance and strategic leadership.
Lt. Gen. Gervais led a $2 billion Army modernization initiative, while Ayers oversaw a comprehensive overhaul of Georgia's police credentialing program. Their expertise in military operations and police training is expected to guide VirTra's expansion into new industries and solidify its position in immersive training technology. CEO John Givens emphasized that these appointments will advance VirTra's military training initiatives, VBS integration, and enhance the effectiveness of law enforcement training programs.
VirTra, Inc. (Nasdaq: VTSI) has announced its 2024 Annual Meeting of Shareholders, scheduled for Monday, October 21, 2024 at 4:30 p.m. Eastern Time at the company's headquarters in Chandler, AZ. The meeting will also be accessible via webcast. Following the Annual Meeting, VirTra will host an investor event from 2:15 p.m. to 4:00 p.m. Arizona Time.
The investor event will include a presentation on the company's growth strategies, product innovations, and market outlook, featuring CEO John Givens, CFO Alanna Boudreau, and CTO Brandon Cox. Attendees will have the opportunity to experience a live demonstration of VirTra's training simulators, including the V-XR®, and take a guided tour of the company's headquarters and production facilities.
Shareholders of record as of August 26, 2024, are eligible to vote and attend both the Annual Meeting and the investor event. To RSVP for the investor meeting and facility tour, interested parties should email VTSI@gateway-grp.com.
VirTra Inc. (VTSI), a leading provider of judgmental use of force training simulators for law enforcement and military markets, is set to participate in the 2024 Annual Gateway Conference in San Francisco. The company's management team will present on September 5 at 9:00 a.m. PT, with the presentation being webcast live and available for replay.
Additionally, VirTra will conduct a tech demo on September 4. The conference, held at the Four Seasons Hotel, offers VirTra executives the opportunity for one-on-one meetings with potential investors and partners. This event provides a platform for VirTra to showcase its innovative simulation technology and engage with industry professionals.
VirTra Inc (VTSI) reported Q2 2024 financial results, showing mixed performance. Total revenue decreased 41% to $6.1 million, primarily due to federal budget resolution delays. However, bookings doubled sequentially, indicating improved market conditions. Gross margin significantly improved to 91% from 57% in the prior year period. The company maintained robust working capital at $34.8 million.
Key highlights include:
- Advancing V-XR launch preparations
- Appointing Brandon Cox as CTO
- Launching new masterclass training programs
- VirTra simulators approved for DoD-funded research projects
VirTra, Inc. (Nasdaq: VTSI) has appointed Brandon Cox as Chief Technology Officer, effective August 12, 2024. Cox will lead VirTra's expansion into data analytics, drive systems integrations, and spearhead new product development. With over 20 years of experience in creating immersive 3D virtual training environments and cloud technologies, Cox brings a wealth of expertise to the role.
Previously, Cox worked at Bohemia Interactive Simulations and Amazon Web Services (AWS), where he led teams in developing advanced simulation technologies and large-scale cloud consumer products. His appointment is expected to accelerate VirTra's innovation in simulation training technology, particularly in the military sector.
VirTra, Inc. (Nasdaq: VTSI), a global provider of judgmental use of force training simulators and firearms training simulators for law enforcement and military markets, has scheduled its Second Quarter 2024 Conference Call for Monday, August 12, 2024, at 4:30 p.m. Eastern time. The company will release its financial results for the quarter ended June 30, 2024, prior to the call. Management will host a presentation followed by a Q&A session.
Interested parties can join the call using the following details:
- U.S. dial-in: 1-877-407-9208
- International dial-in: 1-201-493-6784
- Conference ID: 13747540
FAQ
What is the current stock price of Virtra (VTSI)?
What is the market cap of Virtra (VTSI)?
What core products does VirTra Inc manufacture?
Which industries does VirTra Inc serve?
How does VirTra ensure the accuracy of its simulators?
What differentiates VirTra Inc from its competitors?
How are VirTra's simulators used in research settings?
What types of support services does VirTra Inc offer?
How does VirTra Inc integrate advanced technology into its product offerings?
In what ways does VirTra Inc's business model promote sustainable growth?
