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…)

By Steve Garcia -

TASER International Inc.  (NASDAQ:TASR), http://www.taser.com/pages/default.aspx, a market leader in technologies that protect life recently showed why it is in my opinion, a good stock to look to for future growth and speculation. TASER International was founded in September 1993 and has remained committed to providing solutions to violent confrontation by developing products that enable people to protect themselves.  Taser and its employees are committed to protecting life by providing innovative, high quality products and services that always exceed customer expectations.  TASER International’s products protect human life, providing advanced Electronic Control Devices (ECDs) for use in the law enforcement, medical, military, correctional, professional security, and personal protection markets.  TASER devices use proprietary technology to incapacitate dangerous, combative, violent, enemy or high-risk subjects who pose a risk to law enforcement/correctional officers, military,  innocent civilians, or themselves in a manner that is generally recognized as a safer alternative to other uses of force which are many times deadly.  TASER technology protects life, and the use of TASER devices dramatically reduces injury rates for law enforcement officers and suspects. Taser is committed to producing high quality equipment which reduces risk of violence, or use of deadly force.

In taking a look at Taser for the first nine months of 2009, adjusted revenues were $73.2 million, an increase of $6.8 million or 10.0% over the first nine months of 2008. Adjusted revenues excluded the impact of a $3.5 million revenue deferral related to the X26 to X3 trade-in credit program, the balance of which is expected to be recognized as revenue when the trade-in occurs or the offer expires at December 31, 2009. The impact of this deferral should be reported in the upcoming Quarterly conference call.

(more…)