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TASER Sells $300,000 Worth of Stun Guns

TASER shares gained 0.5% on Thursday.

By Rich Smith – Mar 15, 2013 at 12:45PM EST

On Thursday, TASER International (TASR 1.53%) updated investors on its latest batch of sales orders, primarily for the X2 TASER stun gun. In addition to booking sales of unspecified size to police departments in Tulsa, Okla., and Santa Ana, N.M., and one unspecified international operation, the company accepted substantial orders from:

  • The Lewisville Police Department in Texas, which ordered 160 TASER X2s.
  • The Buncombe County Sheriff's Office in North Carolina, which ordered 68 X2s, taking out five-year warranty protection on them in the process.

Financial terms of the sales were not disclosed in the press release. TASER shares gained 0.5% on Thursday, closing at $7.87 and adding $2.1 million to the company's market cap.

At advertised list prices, TASER's Thursday-announced sales probably produced no more than $300,000 in actual revenue for the company. The orders were received in the first quarter and are expected to ship in the first quarter.

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About the Author

Rich Smith
Rich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”
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Stocks Mentioned

Axon Enterprise Stock Quote
Axon Enterprise
NASDAQ: AXON
$345.94
(-1.53%)-$5.39

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