TASER Announces End-of-Year Orders

On Thursday, stun gun maker TASER (NASDAQ: TASR  ) announced a series of new orders that boosted its unit sales in the last two weeks of 2012.

In one announcement, the company said that it has received orders from eight police departments in Utah for a total of 120 AXONFlex on-officer video cameras, related accessories, and five-year EVIDENCE.com service plans. These orders were in addition to 323 other AXONFlex orders booked by the company in Q4.

A second announcement described orders for more than 2,600 TASER X2 stun guns, and more than 1,000 TASER X26 stun guns, also booked in the final two weeks of 2012. In a statement, the company confirmed receiving and shipping orders for 2,689 TASER X2s and 1,075 TASER X26s in all of Q4. Thus it appears that the majority of the company's sales for the quarter appeared only in the final two weeks of the year.

In a statement, company CEO Rick Smith said that some of these sales were made possible by the company's offering a TASER Protection Plan "which enables agencies to spread payments out over a five-year period."

Precise financial terms of the sales were not disclosed, but TASER said it now expects Q4 revenues to exceed $30 million.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2177508, ~/Articles/ArticleHandler.aspx, 10/21/2014 6:30:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement