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.
VirTra, Inc. (Nasdaq: VTSI) is a global provider of judgmental use-of-force and firearms training simulators for law enforcement, military, educational, commercial, and security markets. This news page aggregates company announcements, operational updates, and event coverage so readers can follow how VirTra’s simulation technology is being adopted and applied worldwide.
VirTra’s news flow often highlights product introductions and enhancements, such as the V-One Portable Simulator, the V-100 portable system, the V-300 immersive simulator, and the V-XR extended-reality platform. Articles also cover new analytics capabilities like the APEX platform, which provides data-driven insights into training performance, and accessories such as recoil kits and Advanced Skills Magazines that increase realism.
Investors and industry professionals can use this page to track contract wins, deployments, and validations, including examples like the Royal Canadian Mounted Police advancing to full deployment of VirTra simulators or multi-site law enforcement contracts in international markets. Regular financial results releases provide context on revenue, bookings, backlog, and recurring revenue from service and STEP® contracts, along with management commentary on funding trends and demand.
VirTra also issues news about industry events and outreach, including participation in conferences such as the International Association of Chiefs of Police Conference and the SHOT Show, as well as initiatives like Taskforce Santa, which supports smaller agencies with access to modern training tools. For anyone following VTSI, this page offers a centralized view of the company’s latest developments, from technology demonstrations and academic research references to governance updates and advisory board appointments.
VirTra, a global provider of training simulators for various markets, will host a conference call on August 12, 2021, at 4:30 p.m. Eastern Time to discuss its financial results for Q2 2021, which ends on June 30, 2021. A press release detailing these results will precede the call. The management team will present their findings followed by a Q&A session. A live audio webcast will be accessible and a replay will be available through August 26, 2021.
VirTra, Inc. (NASDAQ: VTSI) has received an $800,000 delivery order under a five-year indefinite delivery/indefinite quantity (IDIQ) contract from the U.S. Department of Homeland Security for U.S. Customs and Border Protection (CBP). This order is part of a contract initially awarded in September 2019, potentially generating up to $5.0 million over its duration. VirTra will provide CBP with video-based simulators and custom training content, emphasizing the importance of effective training tools for CBP agents.
VirTra, Inc. (NASDAQ: VTSI) will present at the 2021 LD Micro Invitational XI virtually from June 8-10. Chairman and CEO Bob Ferris is scheduled to speak on June 8 at 2:00 PM Eastern Time (11:00 AM Pacific Time). Interested participants can register for the webcast through the provided link. VirTra specializes in training simulators for law enforcement and military applications, emphasizing judgmental use-of-force and firearms training through advanced virtual reality technology. The company aims to enhance safety and effectiveness in critical training scenarios.
VirTra, Inc. (NASDAQ: VTSI) reported a 33% increase in revenues to $4.4 million for Q1 2021, compared to $3.3 million in Q1 2020. Net income surged to $655,000 from a loss of $389,000, and adjusted EBITDA rose to $751,000 from a loss of $326,000. The backlog reached a record $16.1 million, up 42% year-over-year. Additionally, VirTra successfully completed a registered direct offering, raising $18 million in gross proceeds, enhancing its cash position to approximately $23.7 million as of May 17, 2021. Management expects continued growth in 2021, supported by strong demand.
VirTra, Inc. (NASDAQ: VTSI) announced a conference call to discuss its financial results for Q1 2021, scheduled for May 17, 2021, at 4:30 p.m. ET. This follows the expected release of their financial results prior to the call. Interested parties can join the call via a U.S. dial-in number or an international number. The call aims to provide insight into the company’s performance and will include a Q&A session. A replay will be accessible until May 31, 2021. VirTra focuses on judgmental use of force training simulators and related technologies to enhance safety and training effectiveness.
VirTra, a global provider of training simulators for law enforcement and military, has successfully closed a registered direct offering of 3 million shares at $6.00 each, generating total gross proceeds of $18 million. This offering, conducted on April 5, 2021, aims to fund the company’s strategic roadmap, expand production capacities, and capitalize on high-value opportunities. Roth Capital Partners and Lake Street Capital Markets were involved as placement agents. The shares were offered under a shelf registration, with details available on the SEC's website.
VirTra, Inc. (NASDAQ: VTSI) has entered into a securities purchase agreement to sell 3 million shares at $6.00 each, raising a total of $18 million. This offering, which exceeds the Nasdaq's minimum price rule, is expected to close by April 5, 2021. Roth Capital Partners leads the placement, with proceeds designated for general corporate purposes, including working capital. A prospectus supplement will be filed with the SEC to detail the offering. This step aims to strengthen VirTra's financial position as a provider of training simulators for various markets.
VirTra reported a 15th consecutive year of revenue growth, with total revenue increasing 2% to $19.1 million in 2020, driven by simulator sales and training solutions. The company achieved a net income of $1.5 million, translating to $0.19 per diluted share, reversing a loss from the previous year. Adjusted EBITDA surged by 161% to $2.8 million. Despite pandemic challenges, VirTra's backlog reached a record $14.6 million. The cash position doubled to $6.8 million, affirming financial stability.
VirTra, Inc. (NASDAQ: VTSI) will host a conference call on March 29, 2021, at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2020. This call will provide insights into the company's performance and future outlook, following the release of financial results prior to the call. Interested parties are encouraged to join by dialing in 5-10 minutes early. A replay will be available post-call until April 29, 2021.
VirTra, Inc. (NASDAQ: VTSI), a leader in training simulators for law enforcement and military, will present at the 33rd Annual Roth Conference held virtually from March 15-17. During this event, CEO Bob Ferris will conduct one-on-one meetings with institutional investors and analysts. VirTra specializes in innovative judgmental use of force training simulators and technologies aimed at enhancing safety and effectiveness in real-world scenarios. For more information or to schedule a meeting, interested parties should contact VirTra's IR team.