TASER's Hit and Miss: Fool by Numbers

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:

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Related Foolishness:

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, Jim Mueller had no position in any company mentioned. Fool rules are here.

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