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VirTra, Inc. - VTSI STOCK NEWS

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. (symbol: VTSI) is a leading U.S.-based company that specializes in the development, manufacturing, and sales of advanced training simulators for law enforcement, military, and commercial applications. Renowned for their high-quality products and exceptional customer support, VirTra's simulators aid in judgmental use of force training and firearms training.

VirTra's product line includes sophisticated simulators, upgrade components, and various accessories such as recoil kits and Threat Fire devices. These products are designed to enhance realism and effectiveness in training scenarios, making them highly sought after in global markets.

The company operates with a strong commitment to innovation and sustainability, ensuring profitable growth and increased value for shareholders. VirTra boasts a robust international distribution network, with services that encompass installation, training, warranties, and ongoing support.

Recent developments highlight VirTra’s proactive approach to innovation, including expansion of scenario and character libraries and enhancements to recoil kits. These advancements underscore VirTra's dedication to improving the realism and effectiveness of its training solutions.

Financially, VirTra has demonstrated strong performance. As of the first quarter of 2024, the company reported cash and cash equivalents of $22.4 million. Regular updates and financial summaries are provided to ensure transparency and keep investors informed. VirTra’s management frequently hosts presentations and Q&A sessions to discuss financial results and future prospects, showcasing their commitment to investor relations.

For more information, contact the investor relations team at VTSI@gateway-grp.com or call 949-574-3860.

News

VirTra Debuts New Integration of VBS4 at I/ITSEC 2023 to Support Military Clients

Rhea-AI Summary
VirTra, Inc. (Nasdaq: VTSI) has debuted its integration of VBS4 and BlueIG at I/ITSEC 2023, providing added capability to its simulators. VBS4 software allows for the creation of virtual battlespaces, mission planning, ground-based scenarios, and thorough debriefing, enhancing military personnel training. The integration enhances the ability of law enforcement customers to create intricate scenarios, and simulators with VBS4 integration will be available to new customers starting in 2024.
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VirTra Reports Third Quarter and Nine Month 2023 Financial Results

Rhea-AI Summary
VirTra, Inc. (Nasdaq: VTSI) reports a 54% year-over-year increase in quarterly revenue to $7.6 million and a $2.4 million increase in quarterly net income to $1.6 million. The company also highlights a 42% increase in total revenue to $27.9 million for the first nine months of 2023. VirTra's financial performance reflects significant improvements in sales strategy and continued demand for training solutions, leading to robust growth and profitability expansion.
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VirTra Sets Third Quarter 2023 Conference Call for Tuesday, November 14, 2023 at 4:30 p.m. ET

Rhea-AI Summary
VirTra, Inc. will hold a conference call on November 14, 2023, to discuss its financial results for Q3 2023. The call will be hosted by VirTra management and will include a question-and-answer period. The conference call will be broadcast live and a replay will be available.
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VirTra Founder and Executive Chairman Bob Ferris Inducted into the National Center for Simulation’s Modeling & Simulation Hall of Fame

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VirTra, Inc. announces the induction of its Founder and Executive Chairman, Bob Ferris, into the National Center for Simulation (NCS) Modeling & Simulation (M&S) Hall of Fame. Ferris is recognized for his pioneering work in virtual reality technology and his contributions to the simulation industry. VirTra is a global provider of training simulators for law enforcement and military markets. The Company has a presence in 40 countries worldwide and is known for its innovative solutions in training simulation.
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VirTra Appoints Tony Cianflone as VP of Sales

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VirTra appoints Tony Cianflone as Vice President of Sales
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VirTra Unleashes V-XR®, Its Pioneering Extended Reality (XR) Soft Skills Training Solution

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VirTra officially launches its Extended Reality (XR) training system, V-XR®, at the International Association of Chiefs of Police Conference. V-XR® revolutionizes training by bringing adaptive soft skills training to law enforcement, military, and other industries. It focuses on essential skills such as communication, de-escalation, and the recognition of mental health conditions. V-XR® sets itself apart with its flexible modes: Educate, Experience, and Engage. The introduction of V-XR® marks a strategic leap forward for VirTra, enhancing realism, integrating soft skills development, and diversifying training scenarios.
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VirTra Announces 2023 Virtual Annual Meeting of Shareholders on Monday, October 23, 2023

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VirTra to hold virtual Annual Meeting of Shareholders on October 23, 2023.
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VirTra Announces New Leadership Structure; Appoints Bob Ferris as Executive Chairman and John Givens as Sole Chief Executive Officer

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VirTra, Inc. announces that John Givens will assume the role of CEO, while Bob Ferris transitions to Executive Chairman of the Board. Givens has played a pivotal role in driving VirTra's progress, leading to record revenue and profitability in H1 2023. He brings extensive industry experience from his time as the founder of Bohemia Interactive Simulations Inc. Givens' leadership and reputation indicate strong promise for VirTra's future endeavors.
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VirTra Reports Second Quarter and First Half 2023 Financial Results

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VirTra reports record quarterly and first half revenue of $10 million and $20 million, up 29% and 38% YoY, respectively. Net income increases by $239,000 to $1.0 million. Gross profit increased 25% to $5.9 million in Q2 2023. Adjusted EBITDA increased to $2.6 million. Cash and cash equivalents of $13.3 million at June 30, 2023. Total revenue increased 38% to $20.4 million in the first half of 2023. Gross profit increased 53% to $12.9 million. Net income increased by $2.6 million to $4.0 million. Adjusted EBITDA increased to $6.5 million.
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VirTra Sets Second Quarter 2023 Conference Call for Monday, August 14, 2023 at 4:30 p.m. ET

Rhea-AI Summary
VirTra, Inc. will hold a conference call on August 14, 2023, to discuss its financial results for Q2 2023. The call will be hosted by VirTra management and will include a Q&A period. Financial results will be issued in a press release prior to the call. The call will be broadcast live and available for replay on the company's website.
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FAQ

What is the current stock price of VirTra (VTSI)?

The current stock price of VirTra (VTSI) is $6.42 as of December 20, 2024.

What is the market cap of VirTra (VTSI)?

The market cap of VirTra (VTSI) is approximately 72.2M.

What does VirTra, Inc. do?

VirTra specializes in developing, manufacturing, and selling advanced training simulators for law enforcement, military, and commercial use.

What products does VirTra offer?

VirTra offers training simulators, upgrade components, scenario software, recoil kits, Threat Fire devices, and other related accessories.

Who are VirTra’s primary customers?

VirTra’s primary customers include law enforcement agencies, military organizations, and commercial entities worldwide.

Where can I find VirTra's financial information?

VirTra's financial information is available in their quarterly and annual reports, which can be accessed through their investor relations contact or on their website.

How does VirTra support its products?

VirTra provides comprehensive support including installation, training, limited warranties, service agreements, and ongoing support for their products.

What recent advancements has VirTra made?

Recently, VirTra expanded their scenario and character libraries and enhanced their recoil kits to improve training realism.

How can I contact VirTra's investor relations?

You can contact VirTra's investor relations at VTSI@gateway-grp.com or call 949-574-3860.

When are VirTra's next financial results announced?

VirTra's financial results are periodically announced, with the latest updates available on their website or through investor relations.

What is VirTra's stock symbol?

VirTra's stock symbol is VTSI.

Does VirTra operate internationally?

Yes, VirTra operates globally, selling their products through a direct sales force and international distribution partners.

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VirTra, Inc.

Nasdaq:VTSI

VTSI Rankings

#4649 Ranked by Market Cap
N/A Ranked by Dividends

VTSI Stock Data

72.21M
10.86M
3.49%
27.29%
5.4%
Software - Application
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