The 10-second takeaway
For the quarter ended Dec. 31 (Q4), TASER International beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew.
Margins grew across the board.
TASER International logged revenue of $32.1 million. The four analysts polled by S&P Capital IQ predicted sales of $30.5 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $21.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.07. The four earnings estimates compiled by S&P Capital IQ forecast $0.07 per share. GAAP EPS were $0.07 for Q4 compared to -$0.11 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 59.7%, much better than the prior-year quarter. Operating margin was 14.7%, much better than the prior-year quarter. Net margin was 11.9%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $28.0 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $128.1 million. The average EPS estimate is $0.26.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,001 members out of 1,095 rating the stock outperform, and 94 members rating it underperform. Among 204 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give TASER International a green thumbs-up, and 31 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TASER International is outperform, with an average price target of $9.75.
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