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) announces a $1.3 million order from a federal law enforcement agency in Europe for use-of-force simulators, including multiple V-ST PRO® 4K simulators and training accessories. This order marks a significant validation of VirTra’s high-quality solutions, as they were the only company to meet the rigorous standards in the agency's request for proposal. The products will be installed at three locations, with training provided for equipment operation. This expansion underscores VirTra's commitment to enhancing law enforcement training capabilities worldwide.
VirTra (NASDAQ: VTSI) announced a $1.37 million order for use-of-force simulators and training tools from a Middle Eastern country. This marks VirTra's first client win in this region, expanding its operational footprint to 40 countries globally. The order includes multiple V-ST PRO® simulators, a V-300® simulator, and Threat-Fire® electric consequence devices. The products will be delivered soon, with potential for additional sites. VirTra aims to enhance simulation training for law enforcement and military through this deal, emphasizing their technology's necessity in international markets.
VirTra, Inc. (NASDAQ: VTSI) will host its 2021 Annual Meeting of Shareholders virtually on October 25, 2021, at 4:30 p.m. ET. Shareholders of record by September 2, 2021, can vote and access proxy materials on the company's website. VirTra specializes in training simulators for law enforcement, military, educational, and commercial sectors, focusing on real-world scenario training for de-escalation and use-of-force. The company aims to improve lives globally through advanced virtual reality technology.
VirTra (NASDAQ: VTSI) announced its participation in the 10th Annual Gateway Conference on September 8-9, 2021. The company will present on September 8 at 8:30 AM PT, with one-on-one meetings available throughout the event. The presentation will be available for live webcast and replay here.
VirTra, Inc. (NASDAQ: VTSI) has secured a new contract from the U.S. Department of Homeland Security for Customs and Border Protection, valued at approximately $1.4 million. The five-year contract, with a potential ceiling of $24.5 million, includes warranty, service for existing systems, and new technology such as 4K simulator systems and TASER training kits. General Manager Jason Mulcahy emphasized the value and market demand for VirTra's solutions in effective simulation training.
VirTra (NASDAQ: VTSI), a leader in training simulators for law enforcement and military sectors, has acquired a 4.3-acre property in Chandler, Arizona, for $10.8 million. This includes $8.6 million financed through a mortgage. The new facility, featuring 76,650 square feet, is expected to enhance operational efficiency over the current 42,860 square feet spread across two leased locations. The move aims to support anticipated growth in training simulator production and is set to be completed within nine months, with plans to sub-lease existing spaces.
VirTra, Inc. (NASDAQ: VTSI) reported impressive financial results for Q2 and the first half of 2021, marked by a 90% increase in total revenue to $5.3 million and a 99% boost in gross profit to $3.1 million. The company achieved a net income of $529,400 for Q2 and $1.2 million for the first six months. Adjusted EBITDA rose to $1.0 million in Q2. Backlog reached a record $17.0 million, showing a 19% year-over-year growth. Management expressed confidence in future growth driven by rising demand in law enforcement and military training.
VirTra, a global provider of training simulators for various markets, will host a conference call on August 12, 2021, at 4:30 p.m. Eastern Time to discuss its financial results for Q2 2021, which ends on June 30, 2021. A press release detailing these results will precede the call. The management team will present their findings followed by a Q&A session. A live audio webcast will be accessible and a replay will be available through August 26, 2021.
VirTra, Inc. (NASDAQ: VTSI) has received an $800,000 delivery order under a five-year indefinite delivery/indefinite quantity (IDIQ) contract from the U.S. Department of Homeland Security for U.S. Customs and Border Protection (CBP). This order is part of a contract initially awarded in September 2019, potentially generating up to $5.0 million over its duration. VirTra will provide CBP with video-based simulators and custom training content, emphasizing the importance of effective training tools for CBP agents.
VirTra, Inc. (NASDAQ: VTSI) will present at the 2021 LD Micro Invitational XI virtually from June 8-10. Chairman and CEO Bob Ferris is scheduled to speak on June 8 at 2:00 PM Eastern Time (11:00 AM Pacific Time). Interested participants can register for the webcast through the provided link. VirTra specializes in training simulators for law enforcement and military applications, emphasizing judgmental use-of-force and firearms training through advanced virtual reality technology. The company aims to enhance safety and effectiveness in critical training scenarios.
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