Nice, and from yahoo news this morning.
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UPDATE 1-Taser posts first-quarter profit on higer sales
Wed Apr 26, 2006 8:01 AM ET
NEW YORK, April 26 (Reuters) - Taser International Inc. (TASR.O: Quote, Profile, Research) on Wednesday reported a first-quarter profit after a year ago loss, as sales of its controversial stun guns started to recover.
Taser, which has faced a barrage of lawsuits and bad publicity over deaths linked to its weapons, reported quarterly profit of $692,721, or 1 cent per share, compared with a loss of $38,915 in the year-ago quarter, or nil per share.
The company said revenue rose 36 percent to $13.9 million.
Taser, which has faced several wrongful death and injury suits, said two more product liability cases were dismissed, taking the total number of cases either dismissed or decided in its favor in the past 24 months to 12.
"We believe many of the challenges of 2005 are behind us," Chief Executive Rick Smith said in a statement. "We are beginning to reestablish momentum in the marketplace."
Taser said it generated $1.9 million of cash from operations, and ended the quarter with cash, cash equivalents and investment balance of $45.4 million. |
