VirTra (NASDAQ: VTSI), a global provider of simulators for the law enforcement, military, educational and commercial markets, recently announced that during the first quarter of 2018 the company received orders exceeding $8.6 million, marking a new record for the company. Most of the revenue will likely be recognized around the middle of 2018 as the orders are anticipated to be delivered during the remainder of the year. Additionally, the company is set to present at The MicroCap Conference taking place in New York City at 2:30 p.m. ET on April 9. “Going forward, we expect to report our backlog as of the end of each quarter as part of our presentation of our quarterly results, providing enhanced visibility into our bookings and revenue conversion process,” VirTra Chairman and Chief Executive Officer Bob Ferris stated in the news release.
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VirTra is a global provider of simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real world situations. VirTra’s mission is to save and improve lives worldwide through realistic and highly-effective virtual reality and simulator technology. For more information, visit the company’s website at www.VirTra.com.
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