Yesterday, VirTra Systems Inc. (PINK:VTSI) went down by 6.41% and stopped at $0.073 per share. Traded volume reached 380 thousand shares indicating that the day was slightly more active than average. In addition, around 61% of the traded shares were shorted.
The stock has taken the down road, although there was a strong PR release to back up the stock the same day. On Monday, the company proudly announced that their last quarter had set a record in terms of sales. In this regard, VTSI has registered the highest revenue in the company's history. On the whole, sales have increased by 65% compared to the last year's quarter.
VirTra Systems is a company producing firearm simulators for both law enforcement and military customers throughout the world. The company offers product line includes 360 degree HD training platforms and the Threat-Fire safe return fire system.
According to its financial report VTSI has issued almost 158 million shares. The company has $72 thousand in cash and another $2 million in total current assets. The company's total current and and long term debt amounts to $1.5 million.
Revenues have jumped from $1.2 million in 2009 to $2 million in 2010. The increase in the net income, however, is only 16 thousand as compared with the previous year.
In conclusion, it seems that the company will need to prove that it will be able to keep the good score in the future to attract more investors. It is also desirable that the company explain in more detail why their general and administrative expenses have doubled since last year.