TASER Takes a Bullet: Fool by Numbers

On April 25, Rule Breakers selection TASER International (Nasdaq: TASR  ) released earnings for the first quarter ended March 31.

  • TASER beat estimates on the top line but missed on the bottom line. Blame expenses. While revenue rose 10%, the stun-gun maker's production costs climbed almost 30%.
  • Perhaps that's due to the new C2. The stun gun for civilians was launched in January during the Consumer Electronics Show.
  • Regardless, CAPS investors, who give the stock just three of the maximum five stars, aren't buying. Neither is the overall market: TASER shares fell by more than 4% in yesterday's trading.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$15,302

$13,894

10.1%

Net Profit

$495

$806

(38.6%)

EPS

$0.01

$0.01

0%

Diluted Shares

64,693

64,053

1%

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

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

58.09%

64.45%

(6.36)

Operating Margin

2.20%

7.46%

(5.26)

Net Margin

3.23%

5.80%

(2.57)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$16,074

$15,276

5.2%

Accounts Rec.

$7,494

$7,699

(2.7%)

Inventory

$10,312

$8,996

14.6%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$6,057

$5,580

8.6%

Long-Term Debt

$0

$0

N/A

Learn the ways of the balance sheet.

Cash Flow Checkup

Q1 2007

Q1 2006

Change

Cash From Ops.

($5,483)

$1,963

N/A

Find out why Fools always follow the money.

Related Foolishness:

TASER is a Motley Fool Rule Breakers pick. David Gardner and his team of analysts have unearthed four stocks that have more than doubled in the first two years of this market-beating service. Want to find out their names? 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, ranked 3,251 out of more than 27,800 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 article at the time of publication. All of his portfolio holdings can be found at his 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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