Taser International (TASR) Tops Q3 EPS by 5c

Taser International (NASDAQ: TASR) reported Q3 EPS of $0.14, $0.05 better than the analyst estimate of $0.09. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $39.34 million.

• ASER Weapons segment revenues grew $8.4 million year-over-year, or 26.5%, to $40.0 million in the third quarter of 2014.
• EVIDENCE.com & Video segment revenues increased by $0.8 million, or 21.5%, to $4.3 million in the third quarter of 2014 in comparison to the prior year third quarter. AXON cameras and EVIDENCE.com bookings of $15.3 million, increased $9.5 million, over third quarter 2013 bookings of $5.8 million.
• Gross margin in the third quarter of 2014 was 64.7%, compared to 62.8% in the same period last year. The improvement in gross margin in the third quarter of 2014 was driven by the 26.0% increase in net sales which resulted in better leverage of manufacturing overhead expenses and higher average selling prices.

For earnings history and earnings-related data on Taser International (TASR) click here.

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