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VirTra Systems Inc. (VTSI/VTSI.PK) Wrap Up:

VirTra Systems, Inc. manufactures, markets, and sells immersive virtual reality products to the law enforcement and military markets in the United States and internationally. It offers two different versions of IVR 360-degree high-definition firearms training simulators, which include the IVR HD, for use in marksmanship, conflict resolution, and situational awareness training of law enforcement and security officers; and IVR 4G, for use in military firearms/marksmanship training, situational awareness, and fourth-generation squad-based training. Its customers primarily include the U.S. army, air force, and defense agencies, as well as domestic law-enforcement agencies; and foreign governments, such as Mexico and India. VirTra Systems, Inc. was founded in 1993 and is based in Tempe, Arizona.
www.virtrasystems.com
12 Employees
Founded in 1993

VirTra Systems Inc. (VTSI:OTC)

Market Cap
12.8M
Total Revenue
3.5M
EBITDA
1.3M
DILUTED EPS TTM
0.07
P/E
1.3x
P/S
3.5x
Return On Asset
15.89
Return On Equity
735.36
K = Thousands  M = Millions  B = Billions

VTSI Top Compensated Officers

Mr. Robert D. Ferris
Chairman, Chief Executive Officer and Preside...
Age: 38
Total Annual Compensation: $95.8K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for VirTra Systems Inc. (VTSI)

VirTra Systems Inc. Receives Firearm Training Simulator Orders

VirTra Systems Inc. has received purchase orders from top police departments in both Georgia and Tennessee for VirTra's compact and affordable IVR-180 HD firearms training simulator. The order from Georgia comes from the Henry County Police Department. Their custom firearm training system will be an IVR-180 HD firearm-training simulator, which includes recoil kits for a Glock 22, tetherless recoil kits, Threat-Fire II belts, and marksmanship and decision making training scenarios. This will be the fifth VirTra simulator sold into the state of Georgia.

VirTra Systems Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2009

VirTra Systems Inc. reported earnings results for the third quarter ended September 30, 2009. For the quarters ended September 30, 2009 and 2008, gross revenue grew 40.7% from $869,818 to a record $1,223,590, due to successful marketing and sales efforts and further market penetration of brand. Net income from operations increased from $307,716 for third quarter 2008 to $456,303 (not adding back Amortization Expense of $118,263) for third quarter 2009. This is an increase in operating profit of 48.3%. For the quarter ending September 30, 2009, net income is $364,485 compared to $189,453 during third quarter 2008. Net income improved by $175,032 in third quarter 2009 as compared with third quarter 2008, which amounts to a 92.4% increase.

VirTra Systems Secures Three New Simulator Sales Through Brazilian Distributor

VirTra Systems Inc. announced that VirTra's Brazilian distributor Agora Telecom has ordered three new simulators to be delivered in 2009. This announcement marks Agora's fifth simulator sold in Brazil since becoming an exclusive distribution arm for VirTra in December 2008. The sale includes three full IVR-300 HD simulation packages.

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Industry Analysis

Valuation VTSI Industry Range
Price/Earnings 1.3x
Price/Sales 3.5x
Price/Book 2.1x
Price/Cash Flow 1.4x
TEV/Sales 3.6x

VTSI

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VTSI transactions

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No transactions in the last 6 months.

More Recent News About VirTra Systems Inc.

More news for VTSI

VirTra Receives Firearm Training Simulator Orders from Top Police Forces in Georgia and Tennessee

TEMPE, Ariz.--(BUSINESS WIRE)--Bob Ferris, VirTra Systems' CEO and president (OTC:VTSI.PK), today announced that VirTra has received purchase orders from top police departments in both Georgia and Tennessee for VirTra’s compact and affordable IVR-180™ HD firearms training simulator. The order from Georgia comes from the Henry County Police Department. Their custom firearm training system will be an IVR-180™ HD firearm-training simulator, which includes recoil kits for a Glock 22, tetherless recoil kits, Threat-Fire II™ belts, and marksmanship and decision making training scenarios. This will be the fifth...
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VirTra Posts 6th Consecutive Record Breaking Quarter

VirTra Systems, Inc. Bob Ferris, VirTra Systems' CEO and president (Pink Sheets:VTSIth consecutive profitable and record-breaking quarter. VirTra is known for setting the highest simulation training standard in the industry by developing the world’s most effective and realistic firearms training systems for both law enforcement and military organizations throughout the world. With today’s announcement, VirTra has now posted six consecutive profitable quarters since new management took control in 2008. For the quarter ended September 30, 2009 and 2008, gross revenue grew 40.7% from $869,818 to a record $1,223,590, due to successful marketing and sales efforts and further market penetration of our brand.Net income from operations increased from $307,716 for 3rd quarter 2008 to $456,303 (not adding back Amortization Expense of $118,263) for 3rd quarter 2009. This is an increase in operating profit of 48.3%.Overall, VirTra has made consiste...
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VirTra Secures Three New Simulator Sales Through Brazilian Distributor

TEMPE, Ariz.--(BUSINESS WIRE)--VirTra Systems, Inc. Bob Ferris, VirTra Systems' CEO and president (Pink Sheets:VTSI), announced today that VirTra’s Brazilian distributor Agora Telecom has ordered three new simulators to be delivered in 2009. This announcement marks Agora’s fifth simulator sold in Brazil since becoming an exclusive distribution arm for VirTra in December 2008. The sale includes three full IVR-300 HD simulation packages. VirTra’s firearm training simulators provide the world’s most realistic, judgmental use-of-force and police decision-making simulation and include a 300-degree field of view for superior awareness training. The training systems also include a wireless station and Threat-fire™ safe return fire systems, a full library of marksmanship and police decision making training scenarios, an elevated training platform and TMaR (Trainee Monitoring and Recording for advanced debrief capability). VirTra is expecting a follow-up order for additional accessories.Furthermore, Agora has advanced to the point where they will be installing these and all future simulators with their own trained personnel.Ferris commented, “Sales performance is a key aspect of good distribution and Agora has repeatedly proven their ability to sell VirTra’s products. They continue to prove their reach and ability to sell within Brazil.”About VirTra SystemsThe company produces the best-in-class firearm simulators for both law enforcement and military customers throughout the world. VirTra is the higher standard in simulation: from exceptional customer service to unparalleled technology like 360 de...
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VirTra Sells Five Simulators to Various Domestic Law Enforcement Agencies

TEMPE, Ariz.--(BUSINESS WIRE)--Bob Ferris, VirTra Systems' CEO and president (OTC:VTSI - News), announced today the receipt of five firearm simulator orders for immediate delivery throughout the United States. The orders range from single-screen to multi-screen simulators and include: fully equipped firearms simulators, tetherless recoil kits and the patent-pending Threat-Fireâ„¢ safe shoot-back device to better prepare for hostile return fire. Four of the five sales are to new customers, further expanding VirTra Systems' consumer base in the United States. The sales destinations announced today include:5. The Department of Defense, in a currently undisclosed U.S. locationThe order from the US Marshals Regional Fugitive Task Force is the ...
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VirTra Receives Order from Saudi Aramco and Mexico

TEMPE, Ariz.--(BUSINESS WIRE)--Bob Ferris, VirTra Systems' CEO and president (OTC:VTSI.PK - News)and a multi-screen firearm training system for immediate delivery to Mexico. This sale expands VirTra’s growth in the Middle East and establishes a new relationship with Saudi Aramco, one of the world’s largest companies. This sale is VirTra’s third in the Middle East.In addition, VirTra received an order from its Mexican distributor for a multi-screen police simulator with recoil kits and accessories. VirTra’s Mexican distributor’s success continues; this transaction marks their eleventh South American sale.“The continued success of our distributor in Mexico further encourages us to expand our international reach as a company. Also, we are honored by the order and our new opportunities with Saudi Aramco. VirTra’s firearm training simulators are finding application in large companies that must protect their assets and interests, with our simulation technology enabling a higher standard in realistic security training for their personnel,” said Bob Ferris, CEO and President of VirTra Systems. The value of both sales combined is approximately $500,000.About VirTra SystemsThe company produces the best-in-class firearm simulators for both law enforcement and...
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VirTra Receives Fourth Order from Lockheed Martin Simulation Training and Support Business

TEMPE, Ariz.--(BUSINESS WIRE)--Bob Ferris, VirTra Systems' CEO and president (OTC:VTSI.PK - News), today announced that VirTra has received another order from Lockheed Martin Simulation Training and Support business for VirTra’s newest and smallest Threat-Fire device, the Threat-Fire II™. The Threat-Fire II™ is a clip-on return fire simulator, similar in function to the Threat-Fire™ belt; however, the Threat-Fire II™ is designed to clip-onto an officer or soldier’s duty belt. The Threat-Fire II™ is not only small and lightweight to be unobtrusive, but it is also rechargeable and compatible with VirTra’s wireless system.“We are thrilled that Lockheed Martin has ordered our very latest Threat-Fire II™. Our Threat-Fire™ line of return fire are highly effective simulation training aids and it is an honor that an industry pioneer like Lockheed Martin Simulation Training and Support continues to order VirTra’s unique training devices,” said Bob Ferris, CEO and President of VirTra Systems.About VirTra Systems...
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VirTra Receives Third Order from Lockheed Martin Simulation, Training & Support

TEMPE, Ariz.--(BUSINESS WIRE)--Bob Ferris, VirTra Systems' CEO and president (Pink Sheets:VTSI - News), today announced that VirTra has received another order from Lockheed Martin Simulation Training and Support business for VirTra’s proprietary tetherless M-4 recoil kit, which is specially engineered to work with an authentic M-4 rifle. The order also includes VirTra’s automatic refill station that uses low-cost CO2 and is the most operator friendly refill system on the market. Also included in the order is a recharge station, which rapidly recharges each magazine’s internal battery. VirTra’s system is the most advanced and realistic tetherless recoil system that works with a genuine M-4. By using a real M-4, the trigger pull of the training weapon perfectly matches that of an actual M-4 weapon. The system also permits the instructor to induce a jam during training. Once the trainee has fired 30 shots, the weapon responds just like a real M-4. Tactical reloads are also possible, whereby the magazine remembers the number of remaining rounds.The system uses CO2 instead of ammunition or blank rounds, greatly reducing the cost and improving the safety of training exercises. Also, without the requirement to shoot in just one direction for safety reasons (like on a live range), exercises can utilize 360-degree freedom for enhanced realism.“We are honored that L...
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VirTra Receives Second Order from Lockheed Martin

TEMPE, Ariz.--(BUSINESS WIRE)--Bob Ferris, VirTra Systems' CEO and President (OTC:VTSI - News), today announced that Lockheed Martin has submitted a second purchase order for a customized version of the Threat-Fire™ wireless communication station. This particular station plugs into a USB computer port and permits two-way wireless communication with the Threat-Fire™ belt. VirTra’s patent-pending Threat-Fire™ device safely simulates return fire with a 300 millisecond electric stun (adjustable to 2.5 seconds). The device is easily rechargeable and adds an unparalleled level of simulation. VirTra ardently contends that adding a Threat-Fire™ belt to a simulator provides more realistic and thorough training, allowing the trainee to experience stress and apprehension on par with that of actual combat situations.“I’m energized by Lockheed’s second order and the opportunity to perform custom engineering work to fit some of their unique requirements. I feel this is another indication that Lockheed is impressed with VirTra’s simulation products and I am confident that we will receive additional orders,” said Bob Ferris, CEO and President of VirTra Systems.About VirTra SystemsThe company produces the best-in-class firearm simulators for both law enforcement and military customers throughout the wor...
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VirTra Receives Military Skills Training Simulator Order from 819th Global Support Squadron

VirTra Systems, Inc. Bob Ferris, VirTra Systems' CEO and president (Pink Sheets:VTSI - News), today announced that VirTra has received an order for a five screen, 300-degree IVR-300 4G military skills training simulatorth Global Support Squadron. Their firearms training system includes recoil kits, M-4/M-16 tetherless recoil kits, a flashlight system, a shotgun insert, M9 tetherless recoil kits, Threat-Fire™ belts, heavy weapon kits for the M240 and M249 firearms and a full library of training scenarios.th Global Support Squadron wanted the most realistic and effective simulator training available, which made VirTra’s ...
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