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TASER International Inc. (NASDAQ:TASR) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 12.81%.
TASER International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.07 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 50.49% to $32.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TASER International Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company met the mean analyst estimate of $0.07. It beat the average revenue estimate of $30.47 million.
Quoting Management: “The X2 Smart Weapon continued to show strong growth in the fourth quarter which is evidence of the success of our upgrade program,” remarked Rick Smith, CEO of TASER International, Inc. “With the release of the X26P Smart Weapon in January 2013, we anticipate even more agencies will take advantage of our upgrade programs in 2013. We also saw growth in the number of agencies embracing on-officer recording systems through sales of AXON Flex™ on-officer cameras and EVIDENCE.com service. Bookings continued to trend upwards this quarter, growing 26.8% sequentially from the third quarter, and we continue to receive positive feedback from the marketplace about the value-add of these products. As a whole, these initiatives drove a 50% year-over-year growth in our top-line results for the fourth quarter.”
Key Stats (on next page)…
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