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.
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.
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.18%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
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Rhea-AI Summary
VirTra, Inc. announces the induction of its Founder and Executive Chairman, Bob Ferris, into the National Center for Simulation (NCS) Modeling & Simulation (M&S) Hall of Fame. Ferris is recognized for his pioneering work in virtual reality technology and his contributions to the simulation industry. VirTra is a global provider of training simulators for law enforcement and military markets. The Company has a presence in 40 countries worldwide and is known for its innovative solutions in training simulation.
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Rhea-AI Sentiment
End-of-Day
-4.06%
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VirTra appoints Tony Cianflone as Vice President of Sales
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Rhea-AI Sentiment
End-of-Day
-0.85%
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Rhea-AI Summary
VirTra officially launches its Extended Reality (XR) training system, V-XR®, at the International Association of Chiefs of Police Conference. V-XR® revolutionizes training by bringing adaptive soft skills training to law enforcement, military, and other industries. It focuses on essential skills such as communication, de-escalation, and the recognition of mental health conditions. V-XR® sets itself apart with its flexible modes: Educate, Experience, and Engage. The introduction of V-XR® marks a strategic leap forward for VirTra, enhancing realism, integrating soft skills development, and diversifying training scenarios.
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Rhea-AI Sentiment
End-of-Day
2.26%
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VirTra to hold virtual Annual Meeting of Shareholders on October 23, 2023.
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-1.31%
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VirTra, Inc. announces that John Givens will assume the role of CEO, while Bob Ferris transitions to Executive Chairman of the Board. Givens has played a pivotal role in driving VirTra's progress, leading to record revenue and profitability in H1 2023. He brings extensive industry experience from his time as the founder of Bohemia Interactive Simulations Inc. Givens' leadership and reputation indicate strong promise for VirTra's future endeavors.
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Rhea-AI Sentiment
End-of-Day
14.46%
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Rhea-AI Summary
VirTra reports record quarterly and first half revenue of $10 million and $20 million, up 29% and 38% YoY, respectively. Net income increases by $239,000 to $1.0 million. Gross profit increased 25% to $5.9 million in Q2 2023. Adjusted EBITDA increased to $2.6 million. Cash and cash equivalents of $13.3 million at June 30, 2023. Total revenue increased 38% to $20.4 million in the first half of 2023. Gross profit increased 53% to $12.9 million. Net income increased by $2.6 million to $4.0 million. Adjusted EBITDA increased to $6.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.46%
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Rhea-AI Summary
VirTra, Inc. will hold a conference call on August 14, 2023, to discuss its financial results for Q2 2023. The call will be hosted by VirTra management and will include a Q&A period. Financial results will be issued in a press release prior to the call. The call will be broadcast live and available for replay on the company's website.
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Rhea-AI Sentiment
End-of-Day
1.43%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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VirTra, Inc.
Nasdaq:VTSI
VTSI Rankings
VTSI Stock Data
116.21M
10.46M
6.62%
16.86%
0.78%
Other Electronic Component Manufacturing
Manufacturing
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