Virtra Inc (VTSI) Options

8 years ago the stock was 10% higher than now!….Yet now the company is far better, more robust, ERP system, faster order fulfillment, more efficient, better CEO, better Managers, better forward prospects, and a broader product line.
Perhaps the stock was ahead of itself in 2016 but I don’t really think so. I do know that right now the stock is way behind the company. Should go up 5x from here over next two to three years.

I have been buying this past week as well and will buy more again early next week.

Bought quite a few shares around $6 today. Twister has the right idea.

Bought quite a few shares around $6 today. Twister has the right idea.

Thanks, I got a reply shortly after my prior reply to you.

They responded right away. I would email them again

Summer doldrums passing; active investing mode in play!

VirTra looking good but a bit cautious overall as NASDAQ due to pull back a bit before next BIG leg up very soon.
As an investor here, it's a given I don't think Givens has been sitting on his hands hoping the phone will ring.
The proof of that remains to be seen, but positive changes are in place unlike the SOP from the past.

Glad to see a real meeting and presentation this year, finally showing some respect to their shareholders.
I find it necessary to remind myself that Givens did not create this mess as sales continue to lag.

And I love election years in the market. The very best of luck to all.
Near the bottom, not THE bottom makes you money!

.$ 6.25

I am in 100% agreement with you Coys. I am a huge believer in share buybacks in this type of situation. Why have so much cash sitting there doing nothing? Buy back 1.5mil shares and get the count below 10mil. It will never happen with the clownshow that is the BOD. Givens I have faith in, the others not.
I mean, they refuse to even buy shares for their own accounts. Switching gears…..Axon is so stupid not to use their overpriced shares to buy out VirTra for essentially nothing.

RSVP for the RSVP? Where does it end?

Lucky for you that you have only been around for 1 year. I have been around over 15 years. Bob Ferris gave alot less information and they did or even might still have a stock repurchase program which they never really took advantage of during the Ferris year. in a mater of fact they sold additional shares when they did not have to.
Givens has been a 100% better leader then Ferris. I do have faith in him just have to give him time

Has Mr Johnson or anyone in management outlined why that is? I couldn’t find anything recent but have only been a shareholder for a little over a year.

With the company trading at 1.5 times book value – very close to its lowest point ever – and holding a record $18 million in cash, instituting a share repurchase program to me just seems prudent. This low-commitment strategy provides flexibility and creates a valuable tool for periods when government spending delays impact projects.

During the Q2 earnings call, Givens stated:
“Our revenue came in at $6.1 million. The results are due to both controllable and uncontrollable factors. The controllables are being our go-to-market efforts, the uncontrollables being delayed decision-making from delayed budgeting resolutions during the first half of the year. We are making progress on the controllable areas and finding workarounds to the uncontrollable areas, which I'll detail shortly.”

While Givens rightfully focuses on operational controllables, he overlooks a key financial controllable: a share repurchase program. This could be an effective 'workaround' for uncontrollable market factors.

Imagine if Givens could add to his statement: 'Despite delays in budgets, we leveraged our strong cash position to repurchase 1% of outstanding shares, using less than 5% of our cash reserves. This demonstrates our confidence in the company's intrinsic value and our commitment to shareholder returns.'

A well-executed buyback program could potentially:
1. Enhance earnings per share
2. Signal management's belief in the company's undervaluation
3. Provide a buffer against short-term market volatility

While operational improvements under Givens are evident, this untapped opportunity in capital allocation warrants serious consideration. I'd be interested in hearing management's perspective on this strategy and the fact that Givens hasn’t given it any attention, at least in public is a big miss in my opinion.

A "new high-tech training gadget!"

https://bakersfieldnow.com/news/local/bakersfield-police-use-high-tech-immersive-simulator-to-enhance-officer-training-kern-county-california

For those interested in trying the simulator, it will be available at the Kern County Fair this year from September 18 to September 29.

I did not do that yet but will do it today

I sent an RSVP but didn't get a reply. Did you email to RSVP? If yes, did you get a response?

Not exactly a question, but would be nice to know why the insiders don't ever make Open market share purchases(seeing only Option grants & RSUs, no open market buys). Even nominal insider buys would instill confidence in investors, if management has skin in the game.
Thanks & have a great trip!

I love your #3 and #4 questions.

But with Gregg Johnson on the BOD there will never be a share buyback. He wants more shares outstanding, not less.

If I were attending I would ask something like this…..When will your already completed efforts to improve the Sales Org start to bear fruit with fast growing and consistent revenue growth?

Oh, and, comment on the fact that VirTras enterprise value is the same today as 10 years ago.

I have the following questions around the cash balance and how Givens and the board think about it moving forward. I’d like to know:

1. What are your views on the current cash balance?
2. What plans do you have for utilizing these funds?
3. How much cash do you consider necessary for comfortable operations at this time?
4. Is a share buyback in the cards and if not now then under what circumstances might it be considered?

I’m not necessarily in favour of a buyback but as a shareholder I’d like to know their thoughts. With the big capex behind them and cost saving measures seeming to boost margins as Givens has said it feels like the business doesn't need nearly as much as what is there. Perhaps they want it that high in case they get a monster military contract and need to buy a ton of stuff to fill it? But even then the big prototype contract they got last year had a big upfront payment for them so it seems like any future one would have something like that too.

The Asia International Sales Representative aggressively manages and pursues worldwide Law Enforcement and Military sales opportunities from existing leads as well as new prospects within their assigned territory and strategically persuades them to Invest in VirTra simulators and accessories. This position is responsible for executing the sales cycle including, but not limited to, product demonstration, development and presentation of proposals and quotes, closing of sales, and post-installation follow up. Extensive worldwide travel is required up to 3 weeks at a time.

Territory: Cambodia, India, Indonesia, Japan, Laos, Malaysia, Maldives, Mongolia, Nepal, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam

https://www.virtra.com/job/asia-international-sales-manager/

Hey Arz, I watched the presentation from the Gateway conf on 9/5. Givens talked about still having a great relationship with Bohemia and that Vtsi would be doing work with them/ sub with them. Could you ask for a little more info on that? Scope, when, potential revs? Also, are they going to be subcontracting/partnering with any other major players?
Thanks much, and have a great trip!

I have made my plane reservations to attend the Shareholders meeting. If anybody wants me to bring up anything let me know and I will make a list and present it at the meeting

Thanks Gman! Looking forward to hearing about 10/19!

I did not know there was such thing as a crappy day where you live!…. Oh, and why does it take a crappy day to read my posts? Just kidding, I laughed when I read your first sentence. It was/is great to see your post and know you are still among the living. I am in process of building my VTSI position into something significant again as I am a big Givens believer. Heading your way again in Feb/March God willing.

OT: Hey Fish, Caught up on some of your posts on a particularly crappy day here. Thanks for the shout out. Way way back, got a couple of them before you were born. I think the only thing I was spot on, was the fact that this will never be more than a 30-40M Co. For this and many other reasons I was not very popular with this bunch, especially Ardley, wonder what ever happened to him? I have zero regrets getting out, took that money and made a lot more after I sent it to my guy. Anyway, be well and the best to you and yours..

2024 Annual Meeting Monday, October 21, 2024

VirTra Management to Host Investor Presentation and Facility Tour Following Annual Meeting
September 19, 2024 17:18 ET

CHANDLER, Ariz., Sept. 19, 2024 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use of force training simulators, firearms training simulators for the law enforcement and military markets, will hold its 2024 Annual Meeting of Shareholders on Monday, October 21, 2024 at 4:30 p.m. Eastern Time (1:30 p.m. Arizona Time) at VirTra’s headquarters located at 295 E. Corporate Place, Chandler, AZ 85225. The meeting will also be accessible via webcast here.

VirTra will host an investor event following the Annual Meeting from 2:15 p.m. to 4:00 p.m. Arizona Time. The presentation will include an in-depth discussion of the Company’s growth strategies, product innovations, and market outlook. Presenters will include CEO and Chairman John Givens, CFO Alanna Boudreau, and CTO Brandon Cox.

Attendees will have the unique opportunity to experience a live demonstration of VirTra’s training simulators, including the V-XR®, its new low-profile and lightweight headset system that can be instructor-led or almost entirely self-driven. Following the presentation, attendees will be given a guided tour of the Company’s headquarters and production facilities.

To reserve a spot for the investor meeting and facility tour, RSVP by emailing VTSI@gateway-grp.com. When requesting an invite, please provide your full first and last name for shareholder verification. The Company will confirm your attendance.

Shareholders of record at the close of business on August 26, 2024, will be entitled to vote and attend both the Annual Meeting and investor presentation and tour to follow. Proxy materials and voting instructions can be found on the investor relations section of the company’s website.

If Director Gregg Johnson is in attendance at the shareholder meeting ask him why he only owns 2100 shares of VTSI. He needs to be kicked off the board as in my opinion he adds no value and, in fact, hurts the Boards credibility.

Ask Givens why he doesn’t buy shares in the open market?

All these A-wipes were pounding their chests when the stock was $17, now it’s $6. Pathetic.

I heard that also thats way I asked. If i here back from them I will let you know

During the last conference call, there was mention that there would be a demonstration day the day after the shareholder meeting. Though I have not seen any official announcement that this will still occur.

Yes, I know I could do that or eveen call but I was being lazy. I just emailed them

thank you and hopefully will see you there

Don’t know, but you can email: info@virtra.com

Question about the Annual Stockholders Meeting to Be Held on October 21, 2024. I am planning on going to the meeting but does anybody know if Vitra is planing anything on Tuesday the 22nd as I am preparing to make my plans and considering on leaving at 11:59pm flight back to New York on the 21st.

Yahoo Finance reports institutional ownership at 28% and I don’t believe that number either. Institutional ownership has to be way over 50% and I bet it was pushing 70% when the stock was $17.

tech,
Thanks for all the good info. Appreciate the effort.

Just an update on institutional ownership, up and down. Not huge amounts but better than none at all
https://www.defenseworld.net/2024/09/07/ritholtz-wealth-management-has-114000-stock-position-in-virtra-inc-nasdaqvtsi.html

SUMMARY:

-Ritholtz Wealth Management down 4,766 shares to 14,812 shares
-Jump Financial LLC bought new stake worth $104,000
-Hillsdale Investment Management Inc. bought new stake worth $167,000.
-Bank of New York Mellon Corp new stake worth $199,000.
-Shaughnessy Asset Management LLC raised its holdings 100.2% to 41,060 shares
-Quadrature Capital Ltd raised its holdings by 49.1% to 62,157 shares

Overall institutional investors and hedge funds own 14.69% of the company’s stock.

Following up on my prior post, here's some more info De-escalation training grants from 2023
https://bja.ojp.gov/taxonomy/term/de-escalation-training

Note the top two entries on this page
=================================
FY 2023 Virtual Reality Training Development for Law Enforcement
https://bja.ojp.gov/funding/opportunities/o-bja-2023-171886
with this award to Florida State for $3,982,693
https://bja.ojp.gov/funding/awards/15pbja-23-gk-06160-virt
===============
FY 2023 Virtual Reality De-escalation Site-Based Initiative
Scroll down on this link https://bja.ojp.gov/funding/opportunities/o-bja-2023-171767
for the 9 awards awarded for virtual reality systems

Local media coverage of new Knoxville installation
https://www.wbir.com/article/news/local/knoxville-police-using-near-vr-tech-to-train-in-de-escalation/51-ce504a49-28f8-439c-a4e9-229296c3b525

Sharing because of this sentence" "The VirTra V-300 Simulator was purchased through the U.S. Department of Justice's Community Oriented Policing Services Office De-Escalation Grant program."

More about that program here: https://cops.usdoj.gov/de-escalation_training_act

Looks like Knoxville, TN got their $250,000 awarded in 2023 under the same program
https://cops.usdoj.gov/pdf/2023AwardDocs/cpd/Award_List.pdf (Scroll down to Tennessee)
Memphis go the same amount for a "de-escalation" grant, though can't find out any more details on these grants.

Regardless, hope past awards aren't being held up any longer since this adversely impacted VTSI's revenues the past two quarters.

No I am not…..and I kick myself about twice a month for not being in. I still might buy some, looks like it should go up a lot more.

Wow, looks like you got a double just in the month of August. Well done. Are you in KRKNF? I’ve got a multiple bagger in that the last three years.

Good to see your post. Yes, you have plenty, if you went over 5% it becomes burdensome paperwork-wise.
A little one you might like….GFGSF. Top notch CEO and geologists. They’ve done it before. Lots of good info on Seeking Alpha and 6ix.com. I own 3% of it and keep adding. It will be over $1 in less than 3 years.

Hi Fish,
I’ve not purchased any recently, but I’ve not sold any either. I continue to hold a very large position.

That’s the way the NNBR ceo compensation is structured. VirTra BOD is too brain dead to do anything that makes sense.

I’m not buying. I am going to try to make the shareholders meeting this year.

I would like to see an incentive package base solely on the price of the stock not on profits or sales.

Important Notice Regarding the Availability of Proxy Materials for the Annual Stockholders
Meeting to Be Held on October 21, 2024

Any of the long ago posters and shareholders like Teeroy, Lawyerjoe, CoachJim, BillP, Arz, doing any VTSI buying these days? I hope you all are well.

It means they need to be called out in public at the shareholder meeting and be asked about their failure to buy VTSI shares.

What does that mean?

The CEO and his team should be shamed for not buying shares.

They just had a PR and cc two or three weeks ago. Silly to talk more. Stock is now a very good buy.

Once again, these guys need to make announcements or this stock isn't going any
where. I've never seen a company that literally doesn't support it's stock price or its shareholders. UGH!!!

V-300 Simulator install for Knoxville Police Department in Knoxville, TN
https://3bmedianews.com/kpd-completes-installation-of-virtra-training-simulator/

I own a similar sized company otc qtrhf (primarily trades on tsx though) and the ceo has bought a ton of shares the last year. I think around 5M $ worth. It's comforting to see...

Ditto here.
What bugs me the most about Givens (and his pos directors) is his (and the directors) seeming refusal to buy shares. He (and any director) could set up a plan to buy 5000 shares each month and it would automatically happen regardless of his (or their) insider knowledge. …..Maybe I’ll go to the shareholder meeting and push him on this point.