Some media headlines are starting to pop up regarding VirTra and this new contract. I would guess we see a PR from the company in the next few days.
Give VTSI the same sort of valuation that TASR had 10 or 15 years ago when they were at a similar revenue stage and VTSI would already be pushing $1. I like using TASR for comparison due to some common customers and the fact they are each AZ companies located within spittin distance of each other. There is also major similarity in focus of training methods.
As I think I've mentioned before...I like the way you think. Just seeing VTSI and $1.00 on my pc screen at the same time did my heart good!
And even during this continued growth they still maintain profitability and positive cash flow. Ferris does a great job "managing" the revenue and profits and balance sheet and growth. It would be very easy for the company to simply hire/spend willy nilly and blame it on all the growth opportunities. I am happy they are closely watching/managing the top line, bottom line, and everything in between.
Also great to see you again post here hopeful! As an aside, I am not sure if you have ever emailed Ferris directly, but he always reads them and replies within a few days. Very responsive.
Looks like this contract might be in the $10+million range. Total 2015 revenue for VirTra was $13.3mil which was up 35% from prior year. Like any other big contract of this type, it is likely to span at least a couple fiscal years. There have also been lots of other contracts (as evidenced by the consistent relentless growth) and system upgrades and maintenance and new shooter scenarios provide a growing and steady and insanely profitable recurring revenue stream.
ihub board. Apparently some of those posters are better at researching the government databases than yours truly. Sounds like VirTra's piece of this new contract could be in the $10mil to $15mil range or even more.
VTSI is going much much higher. Before this contract they were worth 40 cents. This contract makes 40 cent valuation look like a sure thing and maybe way too low.
By the way, I have joined you as an ELTP shareholder. I have come to like the fact that so few shares trade each day relative to shares outstanding.
Sometimes you really do say stupid things, this is one of those times. VirTra has over 12 years in a row of growing revenues (there was only year where they were flat to down slightly) and that has all been done with consistent profitability and remaining debt free. Actually growing cash to where it is now over 2 cents per share. Trailing EPS is 1 cent and current year is pushing 2 cents. Topline is clearly accelerating and bottom line as well as every line in between. Just buy some little lady.
financial numbers trying to get a vibe on where it goes the rest of this year. I didn't realize they had trailing EPS of 60 cents. That sort of scared me (as in why isn't this already at 10). Then the chart is such that one can draw all sorts of lines. I think the most likely is the one that suggests this pops back to 10/11 in a hurry after one of the upcoming quarterly announcements, hopefully the one in a couple three weeks.
I just think if you look at the totality of what VirTra has accomplished over the last several years and where they are headed that it is a great company and stock to own.
There is a link over on the IHUB board. The only thing I'm not certain of is whether it is the State of Florida or a federal contract from the US State Dept for installs in FL. I doubt if the 40mil MAX mean anything but certainly the $3mil MIN does and that is big enough to be significant.
No way to establish fair value? What on Earth are you talking about. Try PS, PE, EV/EBITDA. Look at their track record over the last decade. Balance sheet. Forward prospects.
Too bad you don't have your 6 cent shares, they will have tripled by next Wednesday......and then tripled again from there within a year or three. VTSI is not the best choice for a flipper, volume is too low, spread is too high.
I do that sort of stuff with BAC...bought some an hour before the close yesterday at 12.78 and sold this am at 13.05. Spread is zero, volume makes it always liquid....and it moves around a lot.
Nice to have company here. We might be smiling within a week! Although I still think this is one stock to own for the next several years. Could go far beyond what anyone can envision today.
It is on the Fed Biz Opps website. Current share price is a joke, worth 50 cents TODAY.