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) is a global provider of judgmental use-of-force and firearms training simulators for law enforcement, military, educational, commercial, and security markets. This news page aggregates company announcements, operational updates, and event coverage so readers can follow how VirTra’s simulation technology is being adopted and applied worldwide.
VirTra’s news flow often highlights product introductions and enhancements, such as the V-One Portable Simulator, the V-100 portable system, the V-300 immersive simulator, and the V-XR extended-reality platform. Articles also cover new analytics capabilities like the APEX platform, which provides data-driven insights into training performance, and accessories such as recoil kits and Advanced Skills Magazines that increase realism.
Investors and industry professionals can use this page to track contract wins, deployments, and validations, including examples like the Royal Canadian Mounted Police advancing to full deployment of VirTra simulators or multi-site law enforcement contracts in international markets. Regular financial results releases provide context on revenue, bookings, backlog, and recurring revenue from service and STEP® contracts, along with management commentary on funding trends and demand.
VirTra also issues news about industry events and outreach, including participation in conferences such as the International Association of Chiefs of Police Conference and the SHOT Show, as well as initiatives like Taskforce Santa, which supports smaller agencies with access to modern training tools. For anyone following VTSI, this page offers a centralized view of the company’s latest developments, from technology demonstrations and academic research references to governance updates and advisory board appointments.
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.
VirTra, Inc. (NASDAQ: VTSI) has been awarded a $1.9 million IDIQ contract through its partnership with Infoscitex for the Air Force Research Laboratory’s ADMIRE program. This contract is part of a larger 6-year agreement valued at $135 million aimed at enhancing decision-making and marksmanship skills for US military personnel. VirTra will develop high-resolution content and simulation software that integrates biometric feedback to optimize human performance. Work on the contract has commenced and is expected to continue until June 30, 2022.
VirTra, Inc. (NASDAQ: VTSI) announced its presentation at the LD 500 investor conference scheduled for September 3, 2020, at 8:00 a.m. PT / 11:00 a.m. ET. The event will feature a live virtual presentation, alongside one-on-one meetings with institutional investors and analysts. The presentation will be available for replay. The LD 500 takes place from September 1 to September 4, 2020. Interested parties can register and find more information through their LD Micro representative or by contacting VirTra's investor relations team.
VirTra, Inc. (NASDAQ: VTSI) will hold a conference call on August 11, 2020, at 4:30 p.m. ET to discuss its Q2 2020 financial results. The earnings call will be preceded by a press release detailing the financial metrics. Investors can join via U.S. dial-in number 844-602-0380 or international number 862-298-0970. Additionally, the company will conduct a Virtual Annual Meeting on the same day at 5:30 p.m. ET, accessible via a live webcast. Only shareholders of record as of June 22, 2020, will be allowed to vote.