In an unscheduled update, TASER International (AXON 1.27%) reported today that it has just booked "multiple" new orders from international customers interested in buying its eponymous stun guns.
According to the company, $5.8 million in orders for its conducted electrical weapons (CEWs) and next-generation Smart Weapons have been received, and all of them are expected to ship this quarter. TASER's habit has been to record revenues when goods are shipped, which makes it likely that this additional $5.8 million will also show up in the company's revenues for the quarter. This would mean that more than 16% of the $35.3 million in revenues that analysts had been expecting the company to record this quarter are accounted for with the orders announced today. The company's fiscal year ends Dec. 31.
Commenting on the sales, TASER Chief Operating Officer Jeff Kukowski was quoted as saying simply: "We are encouraged to see continued expansion of TASER programs in the Middle East and Asia regions. As we enter the holiday season, our entire team is grateful for the opportunity to help our customers around the world reduce injuries and save lives with the safer force options we create here at TASER."
Investors appear to feel "encouraged" as well. TASER shares were up more than 2% in early Tuesday trading, selling for about $17.13 per share.
