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VTSI News
VTSI Events
VirTra Awarded $14M Contract by U.S. Customs and Border Protection
VirTra announced that U.S. Customs and Border Protection has awarded the company a sole-source contract to maintain, modernize and support VirTra training systems deployed throughout the agency. The single-award Indefinite Delivery/Indefinite Quantity, or IDIQ, contract carries a five-year ordering period and a maximum potential value of $14M and represents an important opportunity for VirTra to build on its established federal customer base through modernization, technical support and long-term service. The contract ceiling reflects potential value and does not guarantee orders or revenue.
VirTra Awarded $1.5M Contract by U.S. Army
VirTra was awarded a $1.5M sole-source contract by the U.S. Army. Under the contract, VirTra will provide an integrated V-300 4k training system that includes the simulation system, weapon recoil kits, supporting equipment and related components to support firearms training in Tajikistan and strengthen the readiness and mission effectiveness of international partner forces.
VirTra Accepted into U.S. Army Marketplace
VirTra announced that it has been accepted into the U.S. Army Marketplace for commercial off-the-shelf solutions across three capability areas: Weapons Skills Development, Joint Fires Training, and Counter-Unmanned Aircraft Systems. An awarded position on the U.S. Army digital storefront enables VirTra to compete for future Army opportunities associated with these capability areas. While inclusion does not represent an immediate contract award or guarantee future orders, it reflects the Army's assessment that VirTra's solutions have the potential to address defined operational and training requirements.
VirTra announces Q3 EPS of 3 cents, below consensus of 4 cents
Reports Q3 revenue $5.35M, consensus $6.99M. VirTra CEO John Givens stated, "In the third quarter, we continued to work through a slower federal funding cycle. The timing of federal awards and customer acceptances affected near-term revenue recognition, but it has not changed the level of engagement we are seeing from agencies. Our backlog increased again in Q3, and we entered the fourth quarter with a larger pipeline of opportunities tied to grant-driven purchasing."
VirTra names Grant Barber to its advisory board
VirTra announced the appointment of Grant Barber to its Advisory Board. Barber previously served as Executive Vice President and CFO at Hughes Communications
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