and today. us in a financial and Relations Thank of press in for everyone, issued After section the for a the afternoon, full the you website. thanks our is closed, our available fourth of quarter which we XXXX results and joining Investor good year copy market release,
I’d are like most today to some affecting industries. macro events, briefly of describing the begin which by
few COVID-XX must impact in dramatic all we’ve daily lives Globe. our VirTra. on as past experienced wonder the has For the months, across potential spread shifts Many the
years based. the the from which are we far what purchase to expanded many insulated that of fact considerably can in and due as we supply far we’ve recent As production side, suppliers, VirTra’s is supply U.S. don’t so chain multiple usually in-house produce abilities
trainees agencies on stressful government sell even times. instruct the effective must during far demand use, as As we still these to side, fire arm that
to especially can ever headlines. that responders the now single point, must not simulation had since have More social a more made order occur training would since government yet COVID-XX distancing first the guidelines. cancelled the maintaining suggest we Some than train while effectively,
at understood not we proceeding from of this cautiously. this are virus totality fully of VirTra impacts the the time, However, are so
and doing of are safe continue so We our to at men our hard COVID-XX women who VirTra effects the brave mitigating healthy. nation ensure remain to are to and working people the our part partners our while still to serve keep
on in year-end touch When spoke overall but positive in we conclude were optimistic; first able at I’ll I call why to XXXX year topic closing look the my this let’s by we remarks, review. November, more ended be our we’ll the full discussing last results. with
our As third one XXXX history. aware, you the company’s the of quarter was quarters successful of all in are most
revenues, and largest positive near our were delivered the record in company’s quarter large income line we by net margin, the top We we history. exited backlog with
to slow of still the we in XXXX the going established XXXX, if have the in a we financial continue cover were to start due to substantial growth. we from trend perspective, year-over-year of first revenue to ground However, half
in In of the We’ve of that and able generate from their million momentum pleased time also $XX.X the to backlog our third record work some we in of fourth converting our the very the to quarter, achieve team our were entire future money to but today, report incredible growth. the and able while investing business now continue while organization year new thanks consecutive revenue. be worked to quarter I’m to goal. revenues increasing to VirTra, of fourteenth delivered diligently
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to ourselves by demands our future new products one respected pipeline which better strengthen orders, markets. curriculum, fourth and in we sales quarter, meet the In I’ve position and competitive of expanded to current mentioned, already our of securing the new launched our mode
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launched the IACP, virtual the driving as or driving simulator simulators, Law Enforcement we During U.S. for Market. also known VDTS our training
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main fourth XXXX, And is our success. business worth deliver ability noting, of content of industry contribute of our it we certainly our helped the ahead competition. is the reasons one to It in quarter to leading remain
curriculum In two cartridge of the fire the launched for and better be recoil military. to the needs fourth portfolio new and One to kits drop-in product announced to our real addition issued kits At TASER we products related in suited of of we other we positioned October, quarter, to new patents. had arms. conversion end we the related also the that
position our realistic drop competitive the both also ensure flexible market, simulation the weapon of trainee, therefore mode specially designed highly well-suited kit we solutions was functions simulate live conversion that that may improve even realism. safe can capabilities highly these the standard enhance to military patents in market. enforcement fire military our converts law kit training arm domestic our can our While for VirTra a recoil in affordably patents or believe U.S. and are The and in the a company into is produce reliable sell only tool increase that our in
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through potential high contract, lower them conduct to better VirTra. military prove we’re the makers with decision yet to While announce at and profile continuing demos large cost a we’re to training
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