Taser Beats the Street and Shows Improvement Year over Year

Taser International (NASDAQ:TASR) reported a record $104.3 million in net sales achieved for 2009, an increase of $11.4 million or 12.3% over 2008, driven mostly by growth in international and Federal sales. The company features several types of non lethal weapons such as the X26, M26, the C2 and the latest device the X3, a semi automatic multi shot stun weapon. The company reported that Federal and military sales increased significantly during Q4 2009, partly due to the first order of 2500 Taser X26 ECDs and related accessories shipped under an indefinite delivery/indefinite quantity (ID/IQ) contract from the United States Army Garrison Rock Island Arsenal. Additionally, The United States Marshals Service ordered 433 X26 ECDs.

Among the highlights of the 4^th Quarter Conference call and filing were the following;

Adjusted revenues for Q4 2009 were $31.0 million, an increase of $4.6 million, or 17.6% when compared to Q4 2008. On a GAAP basis, net sales in Q4 2009 were $34.5 million, compared to $26.4 million in Q4 2008. Adjusted revenues exclude the impact of a $3.5 million revenue deferral related to the TASER X26 to X3 trade in credit program, most of which was recognized as revenue either when the trade in occurred or following the expiration of the offer on December 31, 2009.  Some cost savings were achieved through vigorous cost controls. Sales, General and Administrative (SG&A) expenses in Q4 2009 decreased 10.5% to $9.8 million.

Research & Development (R&D) expenses increased $0.3 million to $4.8 million in Q4 2009, a rise of 6.7% from Q3 2008. The Company expects R&D costs to remain flat going forward from Q4 2009, resulting in a reduction year over year. Net income for Q4 2009 was $4.6 million, while net income per share on a basic and diluted basis was $0.07. The Company generated 10.1 million in cash from operating activities in 2009, $4.7 million in Q4 2009. Ending cash and cash equivalents were $45.5 million for the year and the company maintained no debt on its balance sheet.

TASER International, is the global leader in the development of technologies that Protect Life. More than 15,000 public safety agencies protect and serve in more than 40 countries with TASER technology. TASER innovations benefit individuals and families too; providing personal protection and accountability while maintaining regard for life. TASER is committed to bringing advanced solutions to market, like TASER AXON and EVIDENCE.COM powerful evidence capturing and management platforms. The company also has recently rolled out Protector.com, a Family protection and distracted driving monitoring tool for parents. Learn more about TASER International and its products at the link below.

Disclosure: Long Tasr

http://www.taser.com/pages/default.aspx