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-7.62776506481822E-06 -0.0136765827612511 -0.00190694126620903 0.00698703279938975 -0.0663615560640733 -0.0231426392067124 -0.0343249427917621 -0.00228832951945089
Stock impact report

VirTra soars 42% to record high on profit growth [Seeking Alpha]

VirTra, Inc. (VTSI) 
NASDAQ:AMEX Investor Relations: virtra.com/investor-relations
Company Research Source: Seeking Alpha
The company's net income doubled to $2.8 million, or $0.25 a share, in the three-month period through December 31 from $1.4 million, or $0.13 a share, a year earlier. Revenue climbed 17% to $10.1 million. Management said the improvement was the result of operational changes such as an upgraded machine shop, consolidating production into a single facility and revising work for greater scalability. “These actions have increased our throughput significantly and improved our book to ship ratio, all while reducing production costs and maintaining excellent product quality,” John Givens, chief executive of VirTra, said in a conference call with investors. “We are now shipping orders that we receive within days instead of years.” For the full year, revenue rose 34% to $38 million as net income jumped to $8.4 million, or $0.77 a share, from $2 million, or $0.18 a share, a year earlier. Recommended For You More Trending News Recommended For You More Trending News About VTSI St Show less Read more
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