TASER Cashes In: Fool by Numbers

On Thursday, Rule Breakers selection TASER International (Nasdaq: TASR  ) released earnings for the fiscal year ended Dec. 31.

  • Operating and net income were hurt by a $17.7 million one-time expense for settling a class-action shareholder suit in August. But only $7.9 million of that was paid in cash. Without the settlement, TASER booked $13.6 million in profit.
  • Management says it will complete the settlement, pending court approval, with an $8 million payment toward the end of the current quarter.
  • Nevertheless, those who have rated the stock in our Motley Fool CAPS investor intelligence database give TASER just two stars.

(Figures in thousands, except per-share data)

Income Statement Highlights

FY 2006

FY 2005

Change

Sales

$67,718

$47,694

42.0%

Net Profit

($4,088)

$1,057

N/A

EPS

($0.07)

$0.02

N/A

Diluted Shares

61,984

63,556

(2.5%)



Get back to basics with a look at the income statement.

Margin Checkup

FY 2006

FY 2005

Change*

Gross Margin

63.76%

62.06%

1.70

Operating Margin

(10.12%)

3.23%

(13.35)

Net Margin

(6.04%)

2.22%

(8.26)

*Expressed in percentage points

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

FY 2006

FY 2005

Change

Cash + ST Invest.

$22,331

$16,352

36.6%

Accounts Rec.

$10,068

$5,422

85.7%

Inventory

$9,258

$10,105

(8.4%)



Liabilities

FY 2006

FY 2005

Change

Accounts Payable

$6,790

$6,316

7.5%

Long-Term Debt

$76

$119

(36.1%)



Learn the ways of the balance sheet.

Cash Flow Checkup

FY 2006

FY 2005

Change

Cash From Ops.

$7,482

$1,068

600.7%



Find out why Fools always follow the money.

Related Companies:

  • Law Enforcement Associates (AMEX: AID  )
  • Stinger Systems

Related Foolishness:

TASER is a Motley Fool Rule Breakers pick. David Gardner and his team of analysts have unearthed six stocks that have more than doubled in the first two years of this market-beating service. Want to find out who they are? Click here to test-drive Rule Breakers for 30 days. There's no obligation to subscribe.

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.

Fool contributor Tim Beyers, who is ranked 1,569 out of more than 23,000 in CAPS, is a sucker for growth stocks and a regular contributor to Rule Breakers. Tim didn't own shares in any of the companies mentioned in this story at the time of publication. All of his portfolio holdings can be found at Tim's Fool profile. His thoughts on growth stocks, Foolishness, and investing in general may be found in his blog. The Motley Fool's disclosure policy always adds up.


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