Virtra Systems Inc specializes in providing advanced training solutions for law enforcement and military personnel, utilizing immersive simulation technologies. The company designs and manufactures a range of high-fidelity simulators, virtual reality systems, and training scenarios that enhance decision-making and tactical skills in realistic environments. By focusing on the latest advancements in simulation technology, Virtra aims to improve the effectiveness and safety of training programs, ultimately aiming to prepare individuals for real-world challenges in critical situations. Additionally, their offerings extend to providing support and services that ensure effective use and implementation of their training solutions.
VirTra shares down after reporting worse-than-expected Q1 results with revenue decline of 19% due to delays in federal funding and cost increases from Microsoft contract. CEO anticipates revenue growth with launch of V-XR, CFO sees growth in recurring revenue streams.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dipping over 1% on Tuesday. The Dow traded down 1.07% to 39,142.53 while the NASDAQ fell 1.14% to 16,209.12. The S&P 500 also fell, dropping, 0.85% to 5,199.28.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Tuesday. The Dow traded down 1.05% to 39,152.47 while the NASDAQ fell 1.17% to 16,205.37. The S&P 500 also fell, dropping, 0.89% to 5,196.96.
Shares of VirTra, Inc. (NASDAQ: VTSI) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter results.
