On Wednesday, Motley Fool Rule Breakers pick TASER International
- A 14% increase in general and administrative expenses for the stun-gun maker was far outweighed by a 56.8% rise in sales. That helped to boost the operating margin by nearly 15 points and suggests that legal costs may finally be coming under control.
- Huge gains in cash from operations helped TASER grow its short-term cash balance by roughly 25% year over year.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$18,010 |
$18,312 |
$11,676 |
56.8% |
|
Net Profit |
-- |
$2,396 |
$375 |
539.2% |
|
EPS |
$0.03 |
$0.04 |
$0.01 |
300.0% |
|
Diluted Shares |
64,718 |
63,695 |
1.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
63.52% |
66.29% |
(2.77) |
|
Operating Margin |
20.39% |
5.60% |
14.79 |
|
Net Margin |
13.08% |
3.21% |
9.87 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $21,472 | $17,134 | 25.3% |
Accounts Rec. | $10,388 | $7,305 | 42.2% |
Inventory | $8,531 | $9,215 | (7.4%) |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $6,605 | $6,188 | 6.7% |
Long-Term Debt | $0 | $0 | N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Not provided. (Whatever.)
Find out why Fools always follow the money.
Related Companies:
- Law Enforcement Associates
(AMEX:AID) - Stinger Systems
Related Foolishness:
- Let's play Buzzword Bingo!
- Whom do you think TASER will buy?
- The next bubble may already be upon us.
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.
TASER is a Motley Fool Rule Breakers selection. Get more insight on the company with David Gardner's no-holds-barred interview with new company chairman Tom Smith. All that's required is a 30-day tryout of the Rule Breakers service. There's no obligation to buy, and it's easy to get started. Just click here now.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out which stocks he owns by checking Tim's Fool profile. The Motley Fool's disclosure policy always adds up.
