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VirTra Appoints CEO John Givens as Chairman
GlobeNewswire News Room· 2024-07-10 04:05
文章核心观点 - 公司创始人Bob Ferris将从执行主席和董事的职位上退出,由CEO John Givens接任董事长 [1][3][4] - 公司正在积极物色新的独立董事,进一步加强董事会实力,支持公司持续成功 [2] - Ferris先生在公司发展历程中发挥了开创性领导作用,为公司在模拟训练领域建立了领先地位,培养了一支优秀的团队 [3][4] - Givens先生此前在军事模拟市场有丰富从业经验,在担任联合CEO和独立CEO期间带领公司取得重大里程碑,包括整合生产、拓展军事市场、推出新产品等 [4] 公司概况 - 公司是一家提供判断性使用武力培训模拟器和枪支培训模拟器的全球供应商,主要服务于执法、军事、教育和商业市场 [5] - 公司拥有多项专利技术、软件和培训场景,提供包括去激化、判断性使用武力、射击精度等方面的实战模拟培训 [5] - 公司的使命是通过实用且高效的虚拟现实和模拟技术,拯救和改善全球生命 [5] 前景展望 - 公司将在Givens先生的领导下继续推进发展战略,实现长期增长 [4] - Ferris先生将继续以顾问的身份为公司提供支持 [3]
VirTra Appoints CEO John Givens as Chairman
Newsfilter· 2024-07-10 04:05
CHANDLER, Ariz., July 09, 2024 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use of force training simulators and firearms training simulators for the law enforcement and military markets, today announced that Bob Ferris will step down from his position as Executive Chairman and will depart as a director. The Board is pleased to appoint CEO John Givens as the new Chairman of the Board. Both changes are effective July 12, 2024. Bob Ferris will co ...
VirTra(VTSI) - 2024 Q1 - Earnings Call Transcript
2024-05-15 06:07
财务数据和关键指标变化 - 第一季度总收入为8.1百万美元,同比下降19% [24] - 第一季度毛利润为5.5百万美元,同比下降21%,毛利率为67%,同比下降2个百分点 [24][25] - 第一季度净收入为1.2百万美元,同比下降59%,每股收益为0.11美元,同比下降59% [26][27] - 第一季度调整后EBITDA为1.9百万美元,同比下降53% [27] - 截至第一季度末,未完成订单总额为14百万美元,其中包括5.4百万美元的资本订单、6.4百万美元的服务和保修订单以及2.2百万美元的STEP合同订单 [28][29] - 截至第一季度末,可再生STEP合同金额为6.8百万美元,预计未来5年将带来额外收入 [29] - 截至第一季度末,现金及现金等价物为22.4百万美元,较上季度末增加3.5百万美元 [30] 各条业务线数据和关键指标变化 - 第一季度政府业务收入为6.7百万美元,同比增长7% [17] - 第一季度国际业务收入为1.3百万美元,同比下降59% [18] 各个市场数据和关键指标变化 - 政府市场:第一季度收入同比增长7%,主要来自设计和原型收入 [17] - 国际市场:第一季度收入同比下降59%,主要由于国际订单的较长交付周期以及美国政府持续决议和预算问题的影响 [18] - 军事市场:获得美国陆军5.9百万美元的IVAS项目原型合同,包括行业领先的反冲硬件套件、高压空气填充站和弹匣 [20][21] 公司战略和发展方向和行业竞争 - 推出V-XR平台,旨在颠覆和改善专业培训环境,重点关注软技能培训,适用于执法、医疗、教育等领域 [9][10] - 优化销售策略,通过建立新区域和优化销售人员配置来提高客户参与度和运营效率 [12] - 加大内容和技术投资,确保所有培训解决方案提供有效的培训模块,增强竞争优势 [13] - 改进内部运营,优化生产流程和ERP系统,提高运营敏捷性,增加吞吐量 [15] - 通过IVAS项目等举措,积极参与国防部门,塑造下一代军事训练解决方案 [22][23] 管理层对经营环境和未来前景的评论 - 第一季度业绩未达预期,主要受外部不利因素影响,包括周期性预算决策和美国政府持续决议的影响 [7] - 正在积极应对挑战,加速新销售计划的实施,扩大资助援助计划,推动销售增长 [8] - V-XR平台按计划推进,预计未来几个月内交付,将成为长期增长战略的关键支柱 [9][11] - 预计第二季度销售情况可能与第一季度相似,但随着政府预算决议的落实,情况可能发生变化 [31][32] - 对2024年剩余时间持乐观态度,预计将通过强劲的商机管道实现有意义的成果 [33] 其他重要信息 - 第一季度预订总额为2.9百万美元 [28] - 截至第一季度末,未完成订单总额为14百万美元,其中包括5.4百万美元的资本订单、6.4百万美元的服务和保修订单以及2.2百万美元的STEP合同订单 [28][29] - 截至第一季度末,可再生STEP合同金额为6.8百万美元,预计未来5年将带来额外收入 [29] - 截至第一季度末,现金及现金等价物为22.4百万美元,较上季度末增加3.5百万美元 [30] 问答环节所有提问和回答 问题: 第二季度预订情况 - 预订情况取决于联邦资金的释放时间,目前尚不确定,但预计情况正在改善 [35][36] 问题: IVAS项目的长期机会 - IVAS项目是一个原型合同,旨在为士兵提供替代训练方法,如果成功,可能会带来更大的机会 [37][38] 问题: V-XR平台的客户数量 - V-XR平台按计划推进,已有多个新老客户表现出兴趣,具体数量未透露 [40][41][42]
VirTra(VTSI) - 2024 Q1 - Quarterly Report
2024-05-15 04:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ 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 juri ...
VirTra(VTSI) - 2024 Q1 - Quarterly Results
2024-05-15 04:05
Exhibit 99.1 VirTra Reports First Quarter 2024 Financial Results VirTra Advances Preparations for V-XR Deliveries Strategic Military Training Initiatives Position Company for Continued Market Penetration CHANDLER, Ariz. — May 14, 2024 — 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, reported results for the first quarter ended March 31, 2024. The financial st ...
VirTra(VTSI) - 2023 Q4 - Earnings Call Transcript
2024-04-02 06:28
VirTra, Inc. (NASDAQ:VTSI) Q4 2023 Earnings Call Transcript April 1, 2024 4:30 PM ET Company Participants John Givens - Chief Executive Officer Alanna Boudreau - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Operator Good afternoon, and welcome to VirTra's Fourth Quarter and Full Year 2023 Earnings Conference Call. My name is Doug and I will be your operator for today's call. Joining us for today's presentation are the company CEO, John Givens; and CFO, Al ...
VirTra(VTSI) - 2023 Q4 - Annual Report
2024-04-02 04:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ 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 jurisdict ...
VirTra(VTSI) - 2023 Q4 - Annual Results
2024-04-02 04:05
Exhibit 99.1 VirTra Reports Fourth Quarter and Full Year 2023 Financial Results Annual Revenue Grows to a Record $38.0 Million, Marking a 34% Increase Net Income Increases to $8.4 Million in 2023 CHANDLER, Ariz. — April 1, 2024 — VirTra, Inc. (Nasdaq: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, firearms training simulators for the law enforcement and military markets, reported results for the fourth quarter and full year ended December 31, 2023. The financial statemen ...
VirTra(VTSI) - 2023 Q3 - Earnings Call Transcript
2023-11-15 08:11
VirTra, Inc. (NASDAQ:VTSI) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants John Givens - Chief Executive Officer Alanna Boudreau - Chief Financial Officer Robert Ferris - Executive Chairman Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Operator Good afternoon, and welcome to VirTra's Third Quarter 2023 Earnings Conference Call. My name is Irene, and I will be your operator for today's call. Joining us for today's presentation are the company's C ...
VirTra(VTSI) - 2023 Q3 - Quarterly Report
2023-11-15 03:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ 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 ...