TASER Int'l (TASR) Posts Q4 EPS Of 9c

TASER Int'l (NASDAQ: TASR) reported Q4 EPS of $0.09, which may not compare with the analyst estimate of $0.11. Revenue for the quarter came in at $46.8 million versus the consensus estimate of $42.19 million.

“We continue to see positive breakthroughs in the adoption of law enforcement cloud technology as evidenced by this quarter’s EVIDENCE.com and AXON bookings of $24.6 million, nearly quadrupling last year’s fourth quarter results,” stated Rick Smith, TASER’s CEO. “We continue to win competitive bids with the largest agencies in the world as we are the only scalable end-to-end solution in the market today. Today we have 13 major cities that have chosen to deploy our EVIDENCE.com solution and body cameras. Further, we are in active discussions or trials with an additional 28 major cities. Beyond the AXON segment, we continue to drive consistent growth in the North American weapons business which grew 11.8% compared to the prior year fourth quarter as a result of our extensive weapon platform.

“In addition to increased investments in sales and marketing initiatives related to the international market and AXON, we intend to continue to invest in R&D initiatives related to adding new features and enhanced capabilities for existing video and weapons products,” Smith continued. “We remain focused on solidifying our leading position in this market going into the New Year and continue to optimize our business and branding. As you may have noticed, we have renamed our EVIDENCE.com and Video segment to the AXON segment in order to succinctly capture our technology focus going forward. Our investments in R&D and sales and marketing, combined with TASER’s market-leading products and excellent customer service, should drive long-term value for all stakeholders,” concluded Smith.

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

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