By Steve Garcia

Taser International (NASDAQ: TASR) reported solid if unspectacular first quarter 2010 results yesterday. Net sales were $23.8 million in the quarter, a decrease of $0.8 million or 3% compared to the first quarter of 2009.  The company stated that the decrease was driven primarily by fewer significant orders from international customers.  This result was partially offset by an improvement in the domestic law enforcement side of the business.  According to the company; The domestic law enforcement side of the business has continued to show strong growth, as evidenced by significant orders from several police departments including an order for 150 TASER(R) X3(TM) Electronic Control Devices (ECDs) and their related accessories for the Lakeland Police Department in Florida.

Among some significant events in the first quarter of 2010 were the following: (more…)

Taser International, Inc. Headquarters

By: Sheree Pecoraro

Today Taser International, Inc. (NASDAQ: TASR) basically released two news worthy press releases,  all on a day when the New York Stock exchange was closed in observance of Good Friday.

First off Taser said preliminary 1^st quarter top line revenue estimates of approximately $23 million were expected and that final financial results will be released after completion of the quarter-end closing process.

They went on to announce that they had received two significant follow-on orders for TASER X26 and that these two orders included over 1080 TASER X26 ECDs and more than 2680 TASER CAMs, and related accessories, giving no further customer information at this time. (more…)

Taser’s Shockwave technology

By Steve Garcia

Taser International (NASDAQ: TASR) shares have been sliding over the last few weeks, trading intraday recently as low as $5.80 per share. With First quarter 2010 results coming into focus, there are many financial questions which need answering. Will the company show it has exercised some restraint in R&D costs? Have there been any significant developments regarding the new Protector line or with AXON or Evidence.com, other than a small police force purchase for which there was a press release recently as seen here: http://phx.corporate-ir.net/phoenix.zhtml?c=129937&p=RssLanding&cat=news&id=1399854

Certainly the company has lots of work to do in becoming more aggressive with the Protector software they have developed, which allows parents to monitor their children’s phone habits and ensure they are not victimized by predators via phone or text.  There has been far too little news regarding this particular part of the company puzzle. The hope is that this particular technology will begin providing significant revenue from retail purchasers of the application, however, that will require some forward looking partnerships…..perhaps with AT&T and Verizon, and the sooner the better for both the company and for parents. (more…)

By Steve Garcia -

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. (more…)