VirTra, Inc. - VTSI STOCK NEWS

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.

VirTra, Inc. (NASDAQ: VTSI) announced the appointment of Marsha J. Foxx as Interim Vice President Chief Accounting Officer, succeeding retiring CFO Judy Henry. With over 20 years of finance experience, Foxx has held leadership roles in technology and healthcare and aims to leverage her expertise for VirTra's expansion. Bob Ferris, chairman and CEO, expressed confidence in Foxx's skills complementing the company's growth strategy. Foxx acknowledged the firm's consistent growth and operational advancements, looking forward to contributing to its next phase.

VirTra, a global provider of training simulators (NASDAQ: VTSI), has announced the winners of the VirTra and Force Science Scholarship Award, which enables twelve peace officers to attend a Force Science Analyst Certification Course in 2021. The scholarship covers the $1,650 course fee, enhancing law enforcement training. This initiative aims to improve officers' understanding of human behavior in use-of-force scenarios. Courses will be held in twelve cities nationwide, emphasizing research-based training for better community safety.

VirTra (NASDAQ: VTSI) announced that Chief Financial Officer, Judy Henry, will retire in December 2020. The board has initiated a search for her permanent replacement to ensure a smooth transition. Henry expressed pride in her four years at VirTra, noting the company's strong position. CEO Bob Ferris thanked Henry for her contributions during a pivotal phase in the company's development. The search for a new CFO has begun to support VirTra's growth trajectory.

VirTra, a leader in training simulators, reported Q3 2020 revenue of $6.4 million, down 4% year-over-year, with EPS of $0.11. The backlog rose to a record $14.4 million, highlighted by key contracts including a $1.9 million agreement with the Air Force and a $1.5 million order from Homeland Security. Gross profit increased 6% to $4.0 million, resulting in a gross margin of 61.9%. Despite challenges from COVID-19, the company remains optimistic about continued growth and operational success.

VirTra, Inc. (NASDAQ: VTSI) has appointed John Givens to its board of directors, re-establishing a five-member board with three independent directors. Givens brings over 20 years of experience, including significant roles in military simulation contracting. He previously led the business development of BISim's military simulation products, which are widely used across U.S. military branches. Givens aims to enhance VirTra's strategic decisions, governance, and shareholder value. The company specializes in training simulators for law enforcement and military applications.

VirTra, Inc. (NASDAQ: VTSI) will host a conference call on November 10, 2020, at 4:30 p.m. ET to discuss its financial results for Q3 2020, ending September 30, 2020. The financial results will be issued in a press release prior to the call. Participants can join via U.S. dial-in at 844-602-0380 or internationally at 862-298-0970. A live broadcast will be available, with a replay accessible after the call until November 24, 2020.

VirTra specializes in training simulators for law enforcement, military, education, and commercial sectors, focusing on effectiveness in high-pressure situations.

VirTra, a global provider of law enforcement training simulators (NASDAQ: VTSI), announces the passing of board member Mitchell Saltz, who played a crucial role in the company's strategic advancements over four years. CEO Bob Ferris expressed deep sorrow over Saltz's loss, highlighting his mentorship and wisdom. The Board of Directors is actively considering succession plans to ensure continued leadership stability. VirTra remains committed to its mission of enhancing training through innovative technology for safety and efficacy in high-stakes environments.

VirTra, a global provider of training simulators, has received a $1.5 million order from the U.S. Department of Homeland Security’s Federal Law Enforcement Training Centers (FLETC) for its V-ST PRO^® and V-100^® 4K simulators. This marks FLETC's second order since October 2019. The simulators will enhance law enforcement training through realistic scenarios and technology, to be installed by December 2020 at various locations. VirTra emphasizes the value of this partnership for improving law enforcement training at a larger scale.