Taser reports record earnings

Shooting Industry, Jan, 2005

Taser International reports its revenues for the third quarter of 2004 were a record $18.9 million with earnings of $6.1 million and earnings per basic share of $0.21. Revenues increased 211 percent over the third quarter of 2003. Net income grew 469 percent over the third quarter of 2003, and 36 percent over the second quarter of 2004, the previous record. As of Sept. 30, the company's cash balances were approximately $41.5 million, an increase of $25.6 million from Dec. 31, 2003.

"The third quarter is historically our slowest quarter of the year, and we are pleased to be able to report such solid results. With the continued strong new business picture for the company through three consecutive quarters, we now believe we can increase guidance on revenue growth from 150 percent to an increase of 175 percent over the prior year," said Rick Smith, Taser CEO.