Please ensure Javascript is enabled for purposes of website accessibility

TASER Books $1.6 Million in New Sales

By Rich Smith - Apr 16, 2013 at 5:30PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

And gains $13 million in market cap on the news.

TASER International (AXON 0.83%) has landed another large order of its eponymous stun guns. On Tuesday, the Scottsdale, Ariz.-based weapons maker announced that the San Diego Sheriff's Department has ordered 1,200 upgraded X2 "Smart Weapons."

In addition, the Columbus Police Department in Ohio ordered 62 TASER X26Ps and eight X2s. And smaller orders for X2s, X26Ps, and TASER CAM HD recorders -- presumably fewer than 20 units apiece, judging from TASER's past reporting practices -- were received from law enforcement agencies in Alabama, California, Colorado, Indiana, Kentucky, New Mexico, Ohio, Pennsylvania, South Dakota, and Wisconsin.

Financial details of the sales were not disclosed, but at advertised list prices (for those products for which prices are listed), the sum total of the above-listed orders appears to exceed $1.6 million.

TASER shares are surging 3.3% in response to the news, adding $0.25 per share to the stock price, and more than $13 million to TASER's market cap -- or about eight times the value of the stun-gun sales themselves.


Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Axon Enterprise Stock Quote
Axon Enterprise
$99.40 (0.83%) $0.82

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/21/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.