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VirTra(VTSI) - 2019 Q3 - Earnings Call Transcript
2019-11-13 03:18
Financial Data and Key Metrics Changes - Total revenue for Q3 2019 was $6.7 million, an 89% increase from $3.5 million in Q3 2018 [16] - EBITDA for Q3 2019 was $1.4 million, compared to $174,000 in Q3 2018 [21] - Net income for Q3 2019 was $937,000 or $0.12 per diluted share, compared to $61,000 or $0.01 per diluted share in Q3 2018 [19] - Gross profit for Q3 2019 increased 80% to $3.8 million, representing 55.9% of revenue, compared to 58.8% in Q3 2018 [17] - For the first nine months of 2019, total revenue decreased 18% to $12.8 million from $15.5 million in the same period of 2018 [16] Business Line Data and Key Metrics Changes - The increase in revenue for Q3 2019 was attributed to a higher number of simulators and accessories completed and delivered compared to Q3 2018 [16] - The introduction of driving simulators contributed significantly to revenue in Q3 2019, with initial orders recognized during the quarter [11][12] - The STEP program, while still a small portion of revenue, is progressing well and is expected to grow [35] Market Data and Key Metrics Changes - The backlog reached a record $11.3 million as of September 30, 2019, indicating strong future revenue potential [22] - Bookings for Q3 2019 totaled $7.8 million, reflecting a positive trend in contract signings [21] Company Strategy and Development Direction - The company aims to expand its presence in both current and new markets while enhancing its product offerings [11] - Recent advancements include the introduction of ultra-high definition simulators and the STEP program as a subscription alternative [15] - The company is focusing on building partnerships and conducting demos to enhance market presence [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a strong backlog and the potential for continued revenue growth [30] - The company has achieved 13 consecutive years of increasing revenues and aims to maintain this streak despite challenges [30] - Management remains cautiously optimistic about the military market, leveraging expertise gained from federal law enforcement contracts [29] Other Important Information - The company attended the IACP conference, showcasing new products and enhancing its reputation in the law enforcement training market [25][26] - Recent contract wins include significant orders from federal law enforcement agencies, indicating a growing market presence [27] Q&A Session Summary Question: Update on the STEP program and number of sign-ups - Management indicated that the STEP program is progressing well but remains a small revenue contributor, with no specific numbers provided at this time [35] Question: Availability of driving simulators on a pay-as-you-go method - Management confirmed that they are working on making driving simulators available through the STEP program [37]
VirTra(VTSI) - 2019 Q3 - Quarterly Report
2019-11-12 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38420 VIRTRA, INC. (Exact name of registrant as specified in its charter) | Nevada | 93-1207631 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 7970 S. Kyrene Rd. Tempe, AZ | 85284 | (Address of principal executive offices) (Zip ...
VirTra(VTSI) - 2019 Q2 - Earnings Call Transcript
2019-08-14 01:15
VirTra, Inc. (NASDAQ:VTSI) Q2 2019 Earnings Conference Call August 13, 2019 4:30 PM ET Company Participants Bob Ferris - Chief Executive Officer Judy Henry - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Joshua Diamond - Maxim Group William Gibson - ROTH Capital Partners Operator Good afternoon. And welcome to VirTra’s Second Quarter 2019 Earnings Conference Call. My name is Tom and I will be your operator for today’s call. Joining us for today’s presentat ...
VirTra(VTSI) - 2019 Q2 - Quarterly Report
2019-08-13 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number: 001-38420 VIRTRA, INC. (Exact name of registrant as specified in its charter) | Nevada | 93-1207631 | | --- | --- ...
VirTra(VTSI) - 2019 Q1 - Earnings Call Transcript
2019-05-14 00:54
VirTra, Inc. (NASDAQ:VTSI) Q1 2019 Earnings Conference Call May 13, 2019 4:30 PM ET Company Participants Bob Ferris - CEO Judy Henry - CFO Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Allen Klee - Maxim Group William Gibson - ROTH Capital Partners Operator Good afternoon. Welcome to VirTra’s First Quarter 2019 Earnings Conference Call. My name is Omar and I will be your operator for today’s call. Joining us for today’s presentation are the Company’s Chairman and CEO, Bob Ferris; ...
VirTra(VTSI) - 2019 Q1 - Quarterly Report
2019-05-13 20:19
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2019 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number: 001-38420 VIRTRA, INC. (Exact name of registrant as specified in its charter) | Nevada | 93-1207631 | | --- | -- ...
VirTra(VTSI) - 2018 Q4 - Annual Report
2019-04-01 13:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number: 001-38420 VIRTRA, INC. (Exact name of registrant as specified in its charter) Nevada 93-1207631 (State or other juris ...
VirTra(VTSI) - 2018 Q4 - Earnings Call Transcript
2019-03-28 22:33
VirTra, Inc. (NASDAQ:VTSI) Q4 2018 Earnings Conference Call March 28, 2019 4:30 PM ET Company Participants Bob Ferris – CEO Judy Henry – CFO Conference Call Participants Jaeson Schmidt – Lake Street Capital Markets Unidentified Analyst - Maxim Group William Gibson - ROTH Capital Partners Operator Good afternoon. Welcome to VirTra’s Fourth Quarter and Full Year 2018 Earnings Conference Call. My name is Hector and I will be your operator for today’s call. Joining us for today’s presentation are the Company’s ...