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TASER Int'l (TASR) Tops Q2 EPS by 2c

July 30, 2015 6:04 AM EDT

TASER Int'l (NASDAQ: TASR) reported Q2 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $46.7 million versus the consensus estimate of $44.56 million.

  • TASER Weapons segment gross margins increased to 70.2% in second quarter 2015 compared to 67.4% in second quarter 2014. The increase was partially driven by the completion of the depreciation of the automated cartridge production line at the end of the fourth quarter 2014. The second quarter 2015 gross margin also improved due increased leveraging of fixed overhead costs.
  • Axon segment gross margins improved to 47.0% in the second quarter 2015 compared to 26.7% in the second quarter of 2014. Axon hardware product margins (e.g. excluding Axon services) increased to 37.3% compared to 23.2% in the prior year. Axon service margins increased to 66.3% in the second quarter of 2015 compared to 40.7% in the prior year due to the leverage of the fixed costs to operate and host the Evidence.com service.
  • Total Axon and Evidence.com bookings were $30.6 million in the second quarter of 2015, an increase of $19.3 million, or 170% compared to $11.3 million for the second quarter of 2014.

For earnings history and earnings-related data on TASER Int'l (TASR) click here.



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