On April 26, 2006, TASER International (NASDAQ:TASR) released Q1 2006 earnings for the period ended March 31, 2006.

  • Revenue came in ahead of analyst expectations, growing by 36% from last year, allowing CEO Tom Smith to dry his tears.
  • Profit didn't, though, continuing TASER's string of missed expectations.

(Figures in thousands, except per-share data)
Income Statement Highlights

Avg. Est.

Q1 2006

Q1 2005

% Change

Sales

$13,600

$13,894

$10,204

+36.2%

Net Profit

--

$693

$(39)

N/A

EPS

$0.02

$0.01

$0.00

N/A



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

Margin Checkup

Q1 2006

Q1 2005

Change

Gross Margin

64.60%

55.63%

+8.97 pts

Op. Margin

6.02%

-2.56%

+8.58 pts

Net Margin

4.99%

-0.38%

+5.36 pts



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2006

Q1 2005

% Change

Cash+ ST Invest.

$15,276

$22,484

-32.1%

Inventory

$7,698

$8,912

-13.6%

Accounts Rec.

$1,009

$2,759

-63.4%



Liabilities

Q1 2006

Q1 2005

% Change

Long-Term Debt

$ -

$ -

N/A

Accounts Pay.

$5,570

$7,682

-27.5%



Learn the ways of the balance sheet.

Cash Flow Highlights

Q1 2006

Q1 2005

% Change

Cash From Ops

$1,924

$1,408

+36.6%

Capital Exp.

$535

$3,666

-85.4%

Free Cash Flow

$1,389

$(2,258)

N/A



Find out why Fools always follow the money.

Related Companies:

  • Law Enforcement Associates (AMEX:AID)
  • Stinger Systems

Related Foolishness:

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At the time of publication, Jim Mueller had no position in any company mentioned. Fool rules are here.