- Virtra Inc (NASDAQ:VTSI) has acquired a property in Chandler, Arizona that consists of ~4.3 acres and an industrial building with ~76,650 square feet, for $10.8 million.
- It financed the purchase price with $8.6 million through a mortgage loan and the remainder in cash.
- The property gives Virtra a centralized facility to meet the anticipated growth in training simulator development and production, recoil kit development and production, training content creation, and administrative functions.
- The company also expects the new building to provide operational efficiencies. It plans to fully move into the new space within nine months or less and plans to sub-lease its current leased spaces once it has moved out.
- Virtra held cash and cash equivalents totaled $23.8 million as of June 30, 2021.
- Price Action: VTSI shares are trading higher by 5.00% at $7.77 on the last check Monday.
What Does Biora Therapeutics’ Debt Look Like?
Over the past three months, shares of Biora Therapeutics Inc. (NASDAQ:BIOR) moved lower by 46.87%. When understanding a companies price change over a time period like 3 months, it could be helpful to look at its financials.
