VirTra

VirTra, Inc. is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators for the law enforcement, military, educational and commercial markets. Its simulators use software, hardware and content to create realistic training that does not require live ammunition or less-than-lethal munitions. The company was founded by Robert D. Ferris in May 1993 and headquartered in Chandler, AZ.

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VirTra achieves record revenue in Q4 2022, eyes future growth

VirTra's Q4 2022 earnings call highlighted record revenue, operational milestones, and leadership additions, underscoring the company's financial strength and strategic direction.
While facing challenges in international markets and operational efficiency, VirTra remains optimistic about future growth opportunities and building shareholder value.
The company's focus on innovation, strong financial performance, and commitment to growth set a positive trajectory for continued success in 2023 and beyond.

VirTra reports record Q1 revenue, eyes growth in key markets

VirTra delivered impressive financial results in Q1 2023, with record revenue, increased gross profit, and strong net income. Strategic investments in technology and operational enhancements drove performance.
The company's focus on diversifying revenue streams, strengthening leadership, and centralizing operations contributed to its success. VirTra's solid backlog and improved financial metrics bode well for future growth.
Opportunities lie in expanding market presence, leveraging the STEP program for recurring revenue, and enhancing supply chain management. VirTra's strong performance positions it for continued success and market expansion.

VirTra reports record-breaking revenue and strategic growth opportunities

VirTra's Q2 2023 performance reflects strong revenue growth, operational efficiency, and market positioning, driven by a focus on customer value and government contracts.
While facing challenges in international revenue diversification and operational transitions, the company's strengths in customer commitment and global sales present growth opportunities.
With a new CEO appointed and a strategic vision for expansion and product enhancement, VirTra is poised to leverage its financial success and market momentum for future growth.
Overall, VirTra's earnings call highlights a promising outlook, underpinned by solid financial results, operational improvements, and a positive market sentiment.

VirTra reports stellar Q3 results, eyes growth through innovation

VirTra's Q3 2023 earnings call highlighted robust financial performance, strategic initiatives driving growth, and a focus on innovation and customer experience. While facing challenges in international markets, the company is well-positioned to capitalize on opportunities in recurring revenue streams, technological advancements, and market expansion.

VirTra reports record revenues, eyes growth through AI integration

VirTra's Q4 2023 earnings call showcased impressive financial results, operational improvements, and strategic initiatives aimed at driving growth. With a focus on revenue diversification, international expansion, and innovative product development, VirTra is well-positioned to capitalize on market opportunities and strengthen its position in the industry.

VirTra reports Q1 revenue dip, secures military contract, eyes growth

VirTra's Q1 2024 performance saw revenue challenges but also showcased strengths in government contracts and financial stability.
The company faces challenges in revenue generation and operational efficiency, requiring strategic focus and cost management.
Opportunities lie in new product launches, market expansion through innovative solutions, and leveraging government contracts for growth.
Overall, VirTra remains optimistic about 2024, emphasizing the importance of sales growth, customer relationships, and product innovation.

VirTra reports robust Q2 earnings, eyes growth in defense sector

VirTra delivered strong financial results in Q2 2024, with notable increases in bookings and positive net income.
While facing challenges from budget delays and margin expectations, the company remains focused on innovation and growth opportunities.
With a solid performance foundation, strategic hires, and new product launches, VirTra is poised for continued success and expansion in the market.

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VirTra, Inc. (VTSI) CEO Bob Ferris on Q1 2020 Results - Earnings Call Transcript

Sales Momentum Drives 9% Increase in Revenue and $11.3 Million Backlog

VirTra Reports First Quarter 2020 Financial Results

TEMPE, Ariz., April  28, 2020  (GLOBE NEWSWIRE) --  VirTra, Inc. (NASDAQ: VTSI ) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has released new V-VICTA (VirTra Virtual Interactive Coursework Training Academy) training curriculum designed to help law enforcement professionals bridge the communication gap and interact more effectively, and positively, with individuals with autism. To develop the Autism Awareness simulation training program, VirTra partnered with the renowned experts at SARRC (Southwest Autism Research and Resource Center).

VirTra Releases New Autism Awareness Training Curriculum for Law Enforcement

TEMPE, Ariz., April  09, 2020  (GLOBE NEWSWIRE) --  VirTra, Inc  . (NASDAQ: VTSI ) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has been awarded an indefinite delivery/indefinite quantity (IDIQ) contract from the Department of State for the Republic of Mexico with a value of $1.6 million.

VirTra Awarded $1.6 Million Contract for Use-of-Force Simulators and Police Driving Simulators

VirTra, Inc. (VTSI) CEO Bob Ferris on Q4 2019 Results - Earnings Call Transcript

TEMPE, Ariz., March  17, 2020  (GLOBE NEWSWIRE) --  VirTra, Inc  . (NASDAQ: VTSI ) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has received an initial $1.1 million order through a new distributor in Europe.

VirTra Receives $1.1 Million Order through New Distributor in Europe

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TEMPE, Ariz., Nov.  25, 2019  (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, announced that the U.S. Department of Justice (DOJ) has approved and published the Law Enforcement Dog Encounters Training (LEDET) toolkit developed by VirTra and the National Sheriff’s Association (NSA).

VirTra’s Law Enforcement Dog Encounters Training Approved by Department of Justice

VirTra, Inc. (VTSI) CEO Robert Ferris on Q3 2019 Results - Earnings Call Transcript

TEMPE, Ariz., Oct.  31, 2019  (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that the United States Patent and Trademark Office has issued the company two new patents: patent 10,438,503, which relates to VirTra’s TASER® cartridge kits, and patent 10,436,539, which relates to mechanical malfunction of real firearms used in simulation training.

VirTra Awarded Patents for TASER® Training and Simulating Firearms and Malfunctions

TEMPE, Ariz., Oct.  23, 2019  (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, has received a $2.3 million follow-on order from the Arizona Department of Public Safety (DPS) to provide Arizona law enforcement organizations with VirTra’s judgmental use-of-force training and firearms simulators, including virtual firing ranges.

VirTra Receives $2.3 Million Follow-On Order from the Arizona Department of Public Safety

TEMPE, Ariz., Oct.  17, 2019  (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, will be introducing driving simulators specifically designed for U.S. Law Enforcement at the IACP Conference on October 26-29, 2019 in Chicago, Illinois.

VirTra Launches Driving Simulators for U.S. Law Enforcement at the IACP Conference

TEMPE, Ariz., Oct.  08, 2019  (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, today announced the twelve peace officers who have received  scholarship  awards from VirTra and Force Science Institute to attend a five-day Force Science Analyst Certification course, which is designed to better educate officers and improve their performance.

VirTra and Force Science Announce Scholarship Award Recipients

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TEMPE, Ariz., Aug.  29, 2019  (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has received a $1.1 million order for equipment and services from the United States Secret Service (USSS).

VirTra Receives $1.1 Million Expansion Order from U.S. Secret Service

TEMPE, Ariz., Aug.  20, 2019  (GLOBE NEWSWIRE) --  VirTra, Inc  . (Nasdaq:  VTSI ), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has been invited to present at the  8  th   Annual Gateway Conference , which is being held September 4-5, 2019 at the Four Seasons Hotel in San Francisco, CA.

VirTra to Present at the 8th Annual Gateway Conference on September 5, 2019

VirTra, Inc. (VTSI) CEO Bob Ferris on Q2 2019 Results - Earnings Call Transcript

VirTra, Inc. (VTSI) CEO Bob Ferris on Q1 2019 Results - Earnings Call Transcript

VirTra's (VTSI) CEO Bob Ferris on Q4 2018 Results - Earnings Call Transcript

Virtra Inc. develops and sells virtual reality training systems, primarily targeted at domestic and international police forces.

News for VirTra Stock (VTSI)