TASER Tops Them All: Fool by Numbers

Earlier today, Motley Fool Rule Breakers pick TASER International (Nasdaq: TASR  ) released earnings for the second quarter ended June 30.

  • TASER booked $25.9 million in Q2 revenue, easily besting last quarter's record and up 59% year over year. Earnings, meanwhile, swung to a profit after the company retired its remaining obligations from a $22 million shareholder lawsuit.
  • Today marks the debut of the TASER C2 for consumers. Executives say that only a few hundred of the pistols have shipped thus far. Nevertheless, local and national sporting goods chains, including Hidden Gems pick Cabela's (NYSE: CAB  ) , will begin carrying the device this month.
  • Gross margin declined because of higher materials costs and increased investment to successfully launch the C2. Executives say that margins should remain flat through Q3, but recover some in the fourth quarter.
  • What do investors say? Those following TASER in Motley Fool CAPS give it four out of five stars. Do you agree? Disagree? Click here to let us know.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q2 2007

Q2 2006

Change

Sales

$25,863

$16,225

59.4%

Net Profit

$3,699

($9,607)

N/A

EPS

$0.06

($0.15)

N/A

Diluted Shares

65,215

62,035

5.1%

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

Margin Checkup

Q2 2007

Q2 2006

Change*

Gross Margin

60.05%

64.04%

(3.99)

Operating Margin

22.90%

(95.07%)

117.97

Net Margin

14.30%

(59.21%)

73.51

*Expressed in percentage points

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q2 2007

Q2 2006

Change

Cash + ST Invest.

$28,513

$20,531

38.9%

Accounts Rec.

$14,897

$7,808

90.8%

Inventory

$9,947

$9,606

3.6%

Liabilities

Q2 2007

Q2 2006

Change

Accounts Payable

$6,960

$6,465

7.7%

Long-Term Debt

$0

$0

N/A

The balance sheet reflects the company's health.

Cash Flow Highlights

No cash flow statement provided. Whatever.

Free cash flow is a Fool's best friend.

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.

Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this article at the time of publication. Find Tim's portfolio here and his latest blog commentary here. The Motley Fool's disclosure policy always adds up.


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