VirTra, Inc. (NASDAQ:VTSI) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET

Company Participants

Robert Ferris - Chairman, President, Co-Chief Executive Officer

John Givens - Director & Co-Chief Executive Officer

Alanna Boudreau - Chief Financial Officer

Conference Call Participants

Jaeson Schmidt - Lake Street

Richard Baldry - ROTH MKM

Operator

Good afternoon, and welcome to VirTra's Second Quarter 2023 Earnings Conference Call. My name is Kyle, and I will be your operator for today's call.

Joining us today's presentation are the company's Chairman and Co-CEO, Bob Ferris; Co-CEO, John Givens; and Chief Financial Officer, Alanna Boudreau. Following their remarks, we will open the call for questions from VirTra's institutional analysts and investors.

Before we begin the call, I would like to provide VirTra's Safe Harbor Statement that includes cautions regarding forward-looking statements made during this call. During this presentation, management may discuss financial projections, information or expectations about the company's products and services or markets or otherwise make statements about the future, which are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made.

The company does not undertake any obligation to update them as required by law. Finally, I'd like to remind everyone that this call will be made available for replay via a link in the Investor Relations section on the company's website at www.virtra.com.

Now I'd like to turn the call over to VirTra's Chairman and co-CEO, Mr. Bob Ferris. Thank you and you may proceed sir.

Robert Ferris

Thank you Kyle and thank you everyone for joining us this afternoon. After the market closed today, we issued a press release that provided our financial results for the second quarter ended June 30, 2023 along with highlighted business accomplishments. We also filed our 10-Q with the SEC today which is available for your review at your discretion.

As a brief overview for today’s call, I’ll begin by providing highlights for the second quarter 2023, and I’ll summarize some of our recent business developments before passing the call to Alanna to discuss our financial results in more detail. John will then come on to discuss operations and our sales initiatives before providing an update on our military market progress. After that I’ll come back with some concluding remarks about our progress so far in 2023 before moving to Q&A.

And with that, let's begin. In Q2, VirTra demonstrated exceptional performance, achieving the best financial results in our 30-year history. The success is the culmination of years of effort and a focus on operational excellence. Our internal process improvements have yielded remarkable results, propelling us to record-breaking revenue for the second consecutive quarter.