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), a leader in judgmental use of force training simulators, will attend the 35th Annual ROTH Conference from March 12-14, 2023, at The Ritz Carlton, Laguna Niguel, Dana Point, CA. Bob Ferris, the chairman and co-CEO, will engage in one-on-one meetings with institutional investors and analysts.
VirTra specializes in advanced training solutions for law enforcement and military sectors, using patented technologies for realistic scenario-based training. Their mission is to enhance safety and lives globally through immersive virtual reality and simulation technologies. For investor inquiries, contact their relations team at VTSI@gatewayir.com.
VirTra (NASDAQ: VTSI) announced the appointment of Jim McDonnell as an independent board member, effective January 1, 2023. McDonnell, a seasoned law enforcement leader, brings extensive knowledge in public safety and tactical training. He has held key positions such as Sheriff of Los Angeles County and Chief of Police in Long Beach. Bob Ferris, Chairman and Co-CEO, expressed confidence in McDonnell's ability to drive growth within the company. McDonnell noted the potential for further expansion in the law enforcement market, emphasizing the value of VirTra's training solutions.
VirTra (NASDAQ: VTSI) has appointed Alanna Boudreau as chief financial officer, effective December 1, 2022. Boudreau brings over 20 years of experience in financial management, previously serving as group controller for The 600 Group PLC and as an Accounting Manager at AdventHealth. Co-CEO John Givens expressed confidence in her ability to contribute significantly to the company's growth given her familiarity with public company reporting and extensive management skills. Boudreau is eager to enhance VirTra's financial performance while supporting its mission in law enforcement and military training.
VirTra, Inc. (NASDAQ: VTSI) reported record bookings of $16.7 million for Q3 2022, a 52% increase year-over-year, contributing to a backlog of $28.3 million, up 30%. Despite the strong bookings, total revenue fell 20% to $4.9 million due to unbilled sales, resulting in a net loss of $803,000. For the first nine months of 2022, revenue rose 24% to $19.7 million, and gross profit increased 28% to $10.9 million. While management highlights growth potential with new initiatives and the Orlando facility opening, operational costs and lower Q3 revenues raise concerns.
VirTra, Inc. (NASDAQ: VTSI) has announced a conference call scheduled for November 14, 2022, at 4:30 p.m. Eastern time. The call will discuss the company's financial results for Q3 ending September 30, 2022. Prior to the call, a press release will provide the financial data. Investors can access the live broadcast and replay through the company’s investor relations website. This conference aims to provide insights into VirTra's performance within the law enforcement and military training markets.
VirTra, a global provider of judgmental use of force training simulators (NASDAQ: VTSI), has unveiled its innovative technology, VirTra Volumetric Video (V3™). This technology significantly enhances training realism for law enforcement and military markets by blending high-definition video capture with 3D characters, addressing previous limitations in training simulations. The V3™ studio features advanced sound-proof technology and can create a comprehensive library of training content. With a multi-year exclusivity for using patented technology from 4DViews, VirTra aims to elevate simulation training effectiveness.
VirTra (NASDAQ: VTSI) has announced a new facility in Orlando, Florida, aimed at expanding its military market opportunities. The 9,000 square foot site will support research, development, and training demonstrations of advanced simulators, including the V-300® 4K and V-ST PRO®. An open house is scheduled for October 20, 2022, to showcase the new location and technology. This move is part of VirTra’s strategy to connect more effectively with military decision-makers.
VirTra (NASDAQ: VTSI) will hold its 2022 Annual Meeting of Shareholders virtually on November 8, 2022, at 4:30 p.m. ET. Shareholders recorded by September 23, 2022, can participate and vote. Proxy materials are available on the company's investor relations site. VirTra specializes in judgmental use of force training simulators for law enforcement and military markets, utilizing patented technologies for effective training in de-escalation and marksmanship. Their mission focuses on improving lives worldwide through advanced simulation technologies.
VirTra (NASDAQ: VTSI) has secured two significant orders totaling approximately $9.0 million from the U.S. Customs and Border Protection (CBP) and another federal agency. The orders include the V-300® and V-100® training simulators, recoil kits, and additional accessories, with deliveries expected within eight months. This accomplishment highlights the ongoing demand for advanced training technologies within federal agencies, reinforcing VirTra's position in the market.
VirTra, a global leader in judgmental use of force training simulators, has appointed Danielle Diaz as the new Chief Financial Officer as of August 24, 2022. She replaces Marsha J. Foxx, who left the company without any disagreements regarding accounting practices. Diaz brings over 20 years of financial leadership experience from various industries, including her previous roles as CFO at F&B Manufacturing and Bakersfield Heart Hospital. The company anticipates her extensive expertise will enhance its growth trajectory and operational efficiency.
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