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), a leader in judgmental use-of-force simulation systems, provides this dedicated news hub for tracking its operational developments. Investors and professionals will find authoritative updates on product innovations, financial performance, and strategic partnerships within the law enforcement and military training sectors.
This resource consolidates official press releases and verified news about VirTra's advanced training simulators, scenario software developments, and international distribution expansions. Key updates include quarterly earnings disclosures, new client acquisitions, technology enhancements, and research validation studies demonstrating simulator effectiveness.
Content is organized to serve both active investors and industry observers, with material spanning corporate milestones, regulatory filings, and market expansion efforts. Regular updates ensure stakeholders maintain current awareness of VirTra's role in advancing simulation-based training methodologies.
Bookmark this page for streamlined access to VirTra's evolving position in defense technology. Check back frequently to monitor how the company's patented recoil systems, scenario customization tools, and data analytics capabilities continue shaping modern training protocols across global markets.
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.
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.
