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VirTra, Inc. - VTSI STOCK NEWS

Welcome to our dedicated news page for VirTra (Ticker: VTSI), a resource for investors and traders seeking the latest updates and insights on VirTra .

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VirTra 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VirTra 's position in the market.

News
VirTra to Introduce V-XR Training Solution at IAHSS Exhibition, Signaling Increased Commitment to Healthcare Security Training
Rhea-AI Summary

VirTra, Inc. (Nasdaq: VTSI) will introduce V-XR training solution at IAHSS Exhibition to enhance healthcare security training. The company expands into the healthcare market with advanced training simulators and partners with various healthcare organizations. The V-XR headset features hyper-realistic characters and volumetric video capture technology, focusing on de-escalation scenarios.

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VirTra Awarded $5.9M Prototype Contract from U.S. Army IVAS Prime Contractor Microsoft
Rhea-AI Summary
VirTra, Inc. (Nasdaq: VTSI) secures a $5.9 million prototype contract from the U.S. Army IVAS program, with Microsoft as the prime contractor. The contract includes bolt kits, magazines, and high-pressure air fill stations. VirTra will recognize revenue in three phases in 2024. The recoil hardware is designed for intense environmental conditions, performance, and reliability. CEO John Givens emphasizes the company's technology reliability and performance. VirTra has expanded production capacity and improved operating efficiencies to meet the U.S. Army's needs.
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17.67%
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VirTra Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
VirTra, Inc. (VTSI) reports record annual revenue of $38.0 million, a 34% increase, with net income reaching $8.4 million in 2023. The company also saw a 17% increase in total revenue for the fourth quarter, reaching $10.1 million, along with a 58% increase in gross profit. Adjusted EBITDA totaled $11.6 million for the full year, showcasing substantial growth and operational improvements.
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Rhea-AI Sentiment
End-of-Day
37.74%
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earnings
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VirTra Sets Fourth Quarter and Full Year 2023 Conference Call for Monday, April 1, 2024 at 4:30 p.m. ET
Rhea-AI Summary
VirTra, Inc. (VTSI) to discuss financial results in a conference call on April 1, 2024, following the release of fourth-quarter and full-year results for 2023.
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4.26%
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VirTra to Participate in the 36th Annual ROTH Conference on March 17-19, 2024
Rhea-AI Summary
VirTra, Inc. (VTSI) to attend the 36th Annual ROTH Conference for investor meetings. The company specializes in training simulators for law enforcement and military markets.
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-0.77%
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VirTra CEO John Givens Appointed as Executive Committee Chair for National Center for Simulation
Rhea-AI Summary
VirTra, Inc. (VTSI) CEO John Givens appointed Chairman of the Board for National Center for Simulation, showcasing his extensive experience in the industry. Givens aims to promote simulation technology across various sectors, emphasizing collaboration and innovation.
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-2.83%
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VirTra Debuts Advanced Training Content and True-Fire™ Recoil Kits at SHOT Show
Rhea-AI Summary
VirTra, Inc. (Nasdaq: VTSI) announced the expansion of its training simulators and the launch of True-Fire™ recoil kits at SHOT Show. The company is adding 27 new characters to its V-Author® library and introducing new video-based scenarios for law enforcement training. The scenarios cover a variety of situations such as active shooters, suspicious subjects, disturbances, duty to intervene, traffic stops, and more, all in 4K resolution. VirTra CEO John Givens emphasized the company's focus on producing superior scenarios and characters tailored for the unique needs of law enforcement, corrections, and hospital staff.
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-0.42%
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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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End-of-Day
-6.42%
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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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Rhea-AI Sentiment
End-of-Day
14.18%
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earnings
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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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-0.85%
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earnings
Stock VTSI logo
VirTra, Inc.

Nasdaq:VTSI

VTSI Rankings

#3917 Ranked by Market Cap
#2886 Ranked by Stock Gains
N/A Ranked by Dividends

VTSI Stock Data

166.53M
10.46M
6.62%
16.86%
0.78%
Other Electronic Component Manufacturing
Manufacturing
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United States of America
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About VTSI

about develops, manufactures, sells, and support the finest simulators, accessories, and training scenarios in the world. the high quality of our products will only be surpassed by the quality of our customer support. mission to develop, manufacture, sell, and support the finest simulators, accessories, and training scenarios in the world. the high quality of our products will only be surpassed by the quality of our customer support. to operate the company on a sustainable financial basis. to generate profitable growth, increasing value for our shareholders and ever-expanding opportunities for career growth for our employees. our company will represent the highest standard within our markets, from product quality to moral ethics. to uniquely meet the needs of customers within our industry and to always seek innovative and better solutions to add value to our customers. to consistently consider other markets where we can substantially improve the quality and value provided to