TASER International Earnings: Here’s Why Shares are Down Now
TASER International Inc. (NASDAQ:TASR) delivered a profit and beat 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 2.02%.
TASER International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 33.33% to $0.08 in the quarter versus EPS of $0.06 in the year-earlier quarter.
Revenue: Rose 14.03% to $32.18 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TASER International Inc. reported adjusted EPS income of $0.08 per share. By that measure, the company beat the mean analyst estimate of $0.07. It beat the average revenue estimate of $31.31 million.
Quoting Management: “Our second quarter represents TASER’s highest revenue in the past two and a half years, and the second highest quarterly revenue in TASER’s history,” said Rick Smith, CEO of TASER International, Inc. “The new X26P Smart Weapon continues to be well received by our customers, accounting for 28.6% of law enforcement CEW unit sales in its first full quarter of availability. We see this, coupled with the increasing number of customers upgrading their aging weapons fleet, as evidence of the strength of the CEW platform that we have built over the last two years. We expect to continue to see growth across our new SMART CEW products going forward as we’ve still only upgraded a small fraction of the legacy product at this stage.”
Key Stats (on next page)…