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Thursday, February 14, 2008

Taser profits surge as product demand increases

February 14, 2008
by Mike Sunnucks Phoenix Business Journal

Taser International Inc. reported a $15 million profit for 2007 on revenue of $101 million. The Scottsdale-based stun-gun maker reported earnings of 24 cents per share. That compares with a net loss of $4.1 million, 7 cents per share, on revenue of $68 million in 2006. The Scottsdale-based company (Nasdaq: TASR) has seen demand grow both in the U.S. and internationally. The company has filled orders from police departments in Cleveland, Houston, Knoxville, Tenn., and Topeka, Kan. Taser has also successfully fought off a number of product liability lawsuits stemming from police use of its stun guns that have resulted in injuries or fatalities.

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