TASER Sells $300,000 Worth of Stun Guns

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

NASDAQ: AXON

Axon Enterprise

Market Cap

$23B

Today's Change

(-1.83%) -$5.66

Current Price

$303.43

Price as of May 10, 2024, 4:00 p.m. ET

TASER shares gained 0.5% on Thursday.

On Thursday, TASER International (AXON -1.83%) 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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Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.