TASER Int'l (TASR) Tops Q4 EPS by 1c

TASER Int'l (NASDAQ: TASR) reported Q4 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $82.1 million versus the consensus estimate of $71.9 million.

"We ended 2016 with record fourth quarter revenues, record order bookings and strong momentum across our business lines in both domestic and international markets," commented Rick Smith, TASER CEO and Founder. "We are delighted to see accelerating adoption of our technology platform by our law enforcement customers. Our investments to build the preeminent technology ecosystem in public safety have driven substantial growth by affording our customers greater capabilities with a better user experience. We look forward to continuing the expansion of our ecosystem with our new Fleet in-car system, more sensors like Signal Sidearm, our new Records Management System (RMS) and industry leading analytics with new Axon Artificial Intelligence capabilities in 2017 and beyond."

Fourth Quarter 2016 Financial Highlights:

• Net sales increased 46% to $82.1 million in the fourth quarter of 2016 compared to $56.0 million in the fourth quarter of 2015. International sales were $18.6 million in the fourth quarter of 2016 compared to $12.1 million in the fourth quarter of 2015.
• TASER Weapons segment revenues increased 25% to $58.3 million in the fourth quarter of 2016 compared to $46.7 million in the fourth quarter of 2015.
• Axon segment revenues increased 154% to $23.7 million in the fourth quarter of 2016 compared to $9.4 million in the fourth quarter of 2015.
• Consolidated gross margin was 61% in the fourth quarter of 2016 compared to 66% in the fourth quarter of 2015.
• TASER Weapons segment gross margin percentage remained relatively unchanged at 69% in the fourth quarter of 2016 compared to 70% in the fourth quarter of 2015.
• Axon segment gross margin percentage was 39% in the fourth quarter of 2016 compared to 46% in the fourth quarter of 2015. The decrease was driven by lower Axon hardware margins partially offset by higher Axon service margins.
• Net income for the fourth quarter of 2016 was $6.3 million, or $0.12 per diluted share, compared to $5.1 million, or $0.09 per diluted share, for the same period in 2015.
• Adjusted EBITDA for the fourth quarter of 2016 was $13.1 million compared to $11.7 million in the fourth quarter of 2015.
• In the fourth quart er of 2016, the Company used $4.0 million in cash from operating activities.

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

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