On April 26, 2006, TASER International (NASDAQ:TASR) released Q1 2006 earnings for the period ended March 31, 2006.
- Revenue came in ahead of analyst expectations, growing by 36% from last year, allowing CEO Tom Smith to dry his tears.
- Profit didn't, though, continuing TASER's string of missed expectations.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|---|
|
Sales |
$13,600 |
$13,894 |
$10,204 |
+36.2% |
|
Net Profit |
-- |
$693 |
$(39) |
N/A |
|
EPS |
$0.02 |
$0.01 |
$0.00 |
N/A |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
Change | |
|---|---|---|---|
|
Gross Margin |
64.60% |
55.63% |
+8.97 pts |
|
Op. Margin |
6.02% |
-2.56% |
+8.58 pts |
|
Net Margin |
4.99% |
-0.38% |
+5.36 pts |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$15,276 |
$22,484 |
-32.1% |
|
Inventory |
$7,698 |
$8,912 |
-13.6% |
|
Accounts Rec. |
$1,009 |
$2,759 |
-63.4% |
|
Liabilities |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$ - |
$ - |
N/A |
|
Accounts Pay. |
$5,570 |
$7,682 |
-27.5% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|
|
Cash From Ops |
$1,924 |
$1,408 |
+36.6% |
|
Capital Exp. |
$535 |
$3,666 |
-85.4% |
|
Free Cash Flow |
$1,389 |
$(2,258) |
N/A |
Find out why Fools always follow the money.
Related Companies:
- Law Enforcement Associates (AMEX:AID)
- Stinger Systems
Related Foolishness:
- TASER: Great PR, Middling Quarter
- Get TASER a Tissue
- Foolish Forecast: TASER's Turning Point?
- Biggest Disappointment: TASER
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At the time of publication, Jim Mueller had no position in any company mentioned. Fool rules are here.
