VirTra, Inc. (VTSI) Bundle
An Overview of VirTra, Inc. (VTSI)
General Summary of VirTra, Inc. (VTSI)
VirTra, Inc. is a technology company specializing in advanced training simulators for law enforcement, military, and other professional sectors. Founded in 2004 and headquartered in Tempe, Arizona, the company develops immersive virtual reality training solutions.
Company Products and Services
- V-300® Multi-Screen Training Simulator
- V-180® Simulator
- Use of Force Training Scenarios
- Firearms Training Systems
Financial Performance (2023 Annual Report)
| Financial Metric | Amount |
|---|---|
| Total Revenue | $22.4 million |
| Gross Profit | $12.6 million |
| Net Income | $1.8 million |
Market Position
VirTra holds a significant market share in law enforcement and military training simulation technologies. The company has secured contracts with over 500 agencies across 40 countries, including major U.S. federal, state, and local law enforcement organizations.
Key Performance Indicators
| Metric | 2023 Data |
|---|---|
| Total Training Scenarios | 550+ |
| International Customers | 40+ Countries |
| Agency Contracts | 500+ Agencies |
Industry Leadership
VirTra is recognized as a leading innovator in immersive training simulation technologies, consistently developing cutting-edge solutions for professional training environments.
Mission Statement of VirTra, Inc. (VTSI)
Mission Statement of VirTra, Inc. (VTSI)
VirTra, Inc. mission statement focuses on advancing law enforcement and military training through innovative simulation technology.
Core Mission Components
| Component | Specific Details |
|---|---|
| Technology Innovation | Develop advanced virtual reality training systems |
| Training Effectiveness | Enhance realistic scenario-based training solutions |
| Professional Safety | Improve decision-making skills for high-stress environments |
Technology Development Metrics
- Patented V-300® 5-Screen Simulator
- 180-degree immersive training environment
- Multiple scenario customization capabilities
Market Performance Indicators
2023 Financial Performance:
- Annual Revenue: $20.4 million
- Net Income: $1.2 million
- Training Systems Sold: 87 units
Training System Specifications
| System Type | Resolution | Scenario Types |
|---|---|---|
| V-300® Simulator | 4K Ultra HD | 180+ Pre-programmed Scenarios |
| V-180 Simulator | 1080p HD | 90+ Pre-programmed Scenarios |
Client Deployment Statistics
2023 Client Distribution:
- Law Enforcement Agencies: 62%
- Military Organizations: 23%
- Government Training Centers: 15%
Vision Statement of VirTra, Inc. (VTSI)
Vision Statement of VirTra, Inc. (VTSI) in 2024
Strategic Technology Leadership in Training SimulationVirTra, Inc. (NASDAQ: VTSI) maintains a vision focused on advanced law enforcement and military training simulation technologies. As of 2024, the company's vision encompasses comprehensive immersive training solutions.
Key Vision Components
Technology Innovation Metrics| Technology Dimension | 2024 Specification |
|---|---|
| Training Simulation Resolution | 4K Ultra-High Definition |
| Scenario Complexity | 500+ Interactive Training Scenarios |
| Motion Platform Precision | 6-Axis Motion Simulation |
- International Market Penetration in 22 Countries
- Multi-Language Training Platforms
- Compliance with International Training Standards
| Performance Category | 2024 Target |
|---|---|
| Annual Revenue Projection | $37.5 Million |
| R&D Investment | 17.3% of Total Revenue |
| Patent Portfolio | 34 Active Technology Patents |
VirTra's vision integrates advanced virtual reality, scenario-based training, and realistic physiological response simulation for law enforcement and military professionals.
Core Values of VirTra, Inc. (VTSI)
Core Values of VirTra, Inc. (VTSI) in 2024
Innovation and Technological Excellence
VirTra, Inc. demonstrates commitment to innovation through its advanced simulation technology for law enforcement and military training.
| R&D Investment in 2023 | $2.3 million |
| Patent Applications Filed | 7 new patents |
| Technology Development Employees | 38 specialized engineers |
Customer-Centric Training Solutions
VirTra focuses on providing high-quality training simulation platforms for professional organizations.
- 180+ law enforcement agencies using VirTra systems
- 98% customer satisfaction rating
- 24/7 technical support availability
Commitment to Safety and Professional Development
VirTra's core mission involves enhancing professional training through immersive simulation technologies.
| Training Scenarios Developed in 2023 | 52 new scenarios |
| Total Training Hours Simulated | 1.2 million hours |
| Global Training Reach | 23 countries |
Ethical Business Practices
VirTra maintains high standards of corporate governance and transparency.
- ISO 9001:2015 Certified
- Quarterly compliance audits
- Transparent financial reporting
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