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Wednesday, February 21, 2007

TASER International Inc. (TASR) Back in the Black

No big shocks here, TASER International Inc. (TASR, 9.00, +0.68) reported fourth quarter earnings per share of $0.04, in line with consensus of $0.04, as it began a recovery from past legal problems. Revenues rose 53.2% year over year to $19.3 million versus consensus of $19.2 million.
The stun-gun maker said it saw a 53% jump in earnings in the latest period and added that it plans to start shipping a personal stun gun in the second quarter.
TASR said it will pay a final installment of $8 million in the first quarter to settle certain shareholder lawsuits.
--Christine Marie Nielsen, Briefing.com

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