Taser International bringt heute Zahlen.
TASER International, Inc. Reports Record Second Quarter Financial Results
MONDAY, JULY 21, 2003 5:25 PM
- PR Newswire
SCOTTSDALE, Ariz., Jul 21, 2003 /PRNewswire-FirstCall via Comtex/ -- TASER International, Inc. (Nasdaq: TASR; TASRW) today reported that net sales for the second quarter of 2003 were a record $4.2 million with basic and diluted earnings per share of $0.12 and $0.10 respectively. This represents revenue growth of 53% over the $2.7 million reported in the second quarter of 2002, and net income growth of 331% over the second quarter of 2002. Net sales for the first half of 2003 increased 48.5% to $7.6 million, from the $5.1 million reported as of June 30, 2002, with product sales increasing 50% for the same period. The 1.3% decline in year-to-date sales associated with the research funding from the Office of Naval Research was due to the shift of internal resources toward completion of the Company's newest product, the TASER X26 conducted energy weapon. The increase in net sales contributed toward basic and diluted earnings per share of $0.20 and $0.16 respectively for the first six months of 2003.
"We are excited to see our quarterly product revenues tracking with our 2003 projections. To date, the orders received for our ADVANCED TASER M26 products, and the new X26 weapon have exceeded unit forecasts. In addition to shipping orders totaling $4.2 million during our second quarter, we also received another $1.7 million of product orders, that we expect to ship by the end of the third quarter as finished units become available. This backlog, coupled with an additional $950,000 of new orders received in the first two weeks of July, primarily for the M26 product line, will help the Company maintain revenue growth through the third quarter, which is historically our weakest reporting period," stated Rick Smith, CEO of TASER International, Inc.
Mr. Smith continued, "We are continuing to see market momentum build in the law enforcement communities around the world. As of June 30, 2003, there are 2,766 departments deploying or testing our weapon systems, representing more than 17% of the law enforcement agencies across the United States. We have pilot programs running in the United Kingdom, Australia and Germany, and we are well accepted across the country of Canada. Further, we have 236 police departments committed to deploy one TASER brand weapon for each of their line level officers, and, we are experiencing increased interest in the sectors of security including the U.S. Military, correctional facilities, the transportation industry, and other smaller niches like hospital and educational facilities.
"During the second quarter of 2003, we also saw a dramatic increase in the number of test and evaluation units requested by new departments," stated Smith. "As of June 30, 2003, 605 agencies were in the process of evaluating our TASER products for implementation. This is an increase of 403 departments, or 200% over this same time last year, which validates that our products are now recognized by departments in all jurisdictions as an effective solution for subduing a combative assailant," said Smith.
"In addition to our sales growth, we are also pleased with the improvement in our gross margins and net income figures for the first half of the year. As previously discussed, we have targeted significant investments in the areas of research and development and marketing promotions. We feel that although these costs will cause a short term reduction in profitability, they will assist in establishing our Company as the dominant supplier of electro muscular disruption (EMD) weapon systems worldwide. During our second quarter, gross margins as a percentage of sales improved by 3.3% to 59.2%, compared to the 55.9% reported at the same time last year, and year-to-date gross margins improved 0.5% to 56.5%. We attribute this improvement to controls on fixed costs within the manufacturing operations, and improved labor and material efficiencies for the period," said Smith.
Smith continued by stating "as a result of the improved gross margins, coupled with controls on administrative spending, net income also increased during the second quarter of 2003. For the three months ended June 30, 2003, net income increased by $266,000 to $347,000 as compared to the $81,000 reported at the same time last year. Year-to-date net income has increased $366,000 to $576,000 from the $210,000 reported for the six month period ending June 30, 2002."
"Along with the achievement of financial milestones," Smith stated "the second quarter also marked the completion of a key acquisition for the organization. On June 26, 2003, the Company acquired the assets of Taser Technologies Inc. and Electronic Medical Laboratory Inc. (dba Tasertron), who was our only significant competitor in the law enforcement market space. This purchase provided us with clear title to the TASER Trademark, and a number of patents, eliminated litigation and market confusion, and enabled us to enter into a teaming relationship with General Dynamics," Smith concluded.
About TASER International, Inc.
TASER International, Inc. (TASR) provides advanced less-lethal weapons for use in the law enforcement, private security and personal defense markets. Our flagship ADVANCED TASER(R) product has reduced officer injuries by over 80% in the Orange County (FL) Sheriff's Office, and reduced suspect injuries by over 72% in the Phoenix (AZ) Police Department. The ADVANCED TASER is saving lives, reducing liability and creating safer jobs in over 2,766 law enforcement agencies worldwide. Call 1-800-978-2737 or visit our website at www.TASER.com to learn more about the new standard in less-lethal weapons.
Note to Investors
| TASR |
| Last Trade | 18.39 | Volume | 261,390 | ||
| Change | +1.86 | Avg Volume | 92,585 | ||
| Bid / Ask | 15.10 / 23.42 | Mkt Cap (mil) | $51.82 | ||
| Open | 17.00 | P/E | 87.00 | ||
| Prev Close | 16.53 | Div Yield | N/A | ||
| Day's Range | 16.80 - 18.40 | Annual Div/Sh | None | ||
| 52-wk Range | 3.30 - 16.98 | Market | NASDAQ | ||
| |||||
| Monday, July 28, 2003 03:57 PM EDT. Quote delayed: 15 minutes Nasdaq, 20 minutes others. |
| Recent Headlines |
Gruss E.
TASER International, Inc. Announces U.S. Congressional Defense Funding for TASER Equipment
WEDNESDAY, OCTOBER 01, 2003 10:44 AM
- PR Newswire
SCOTTSDALE, Ariz., Oct 1, 2003 /PRNewswire-FirstCall via COMTEX/ -- TASER International, Inc. (TASR) (TASRW) , a market leader in advanced less-lethal weapons, announced today that the U.S. Congress has provided $1,000,000 to the Department of Defense specifically for the purchase of TASER(R) less-lethal conducted energy weapons. The funding is part of the 2004 Fiscal Year Defense Appropriations Bill which was signed into law on Tuesday by President George W. Bush.
"The defense funding represents a growing need for less-lethal weapons based upon military experience during the on-going campaigns in Afghanistan and Iraq," stated Tom Smith, President of TASER International, Inc. "We are proud to be supportive of our troops and this is the first formal budgeting step in making a positive impact within the military," continued Mr. Smith.
About TASER International, Inc.
TASER International, Inc. (Nasdaq: TASR, TASRW) provides advanced less-lethal weapons for use in the law enforcement, private security and personal defense markets. Our flagship ADVANCED TASER(R) product has reduced officer injuries by over 80% in the Orange County (FL) Sheriff's Office, and reduced suspect injuries by over 67% in the Phoenix (AZ) Police Department. The ADVANCED TASER is saving lives, reducing liability and creating safer jobs in over 3,000 law enforcement agencies worldwide. Call 480-991-0797 or visit our website at www.TASER.com to learn more about the new standard in less-lethal weapons.
For further information, please contact Steve Tuttle, Director of Government Affairs, at 480-905-2006.
SOURCE TASER International, Inc.
Steve Tuttle, Director of Government Affairs of TASER
MfG, ZiZo 
Die Frage mit ZACKS hattest Du mir noch nicht beantwortet. Wie arbeitest Du mit denen? Irgendwas kostenpflichtiges oder der kostenlose Newsletter? Deine Vorgehensweise würde mich da schon mal interessieren!
Grüße
Pavian
Gruss E.
:55am 10/21/03
Taser trounces Q3 earnings expectations (TASR) By Michael Baron
NEW YORK (CBS.MW) -- Taser International (TASR) shares rose more than 11 percent to $48.78, pulling back slightly after hitting a 52-week high of $50.40 earlier in the session. After Monday's closing bell, the Scottsdale, Ariz., maker of stun guns reported third-quarter earnings of $1.1 million, or 25 cents per share, up from its year-ago loss of $68,896, or 2 cents per share, and well ahead of the average estimate of two analysts polled by Thomson First Call for a profit of 14 cents per share. Revenue jumped 216 percent in the latest three months to $6.1 million from $1.9 million in the same period a year earlier. Taser added that it has already received an additional $1.7 million in orders to ship in the fourth quarter. It attributed the strong results to growing market acceptance of its products in both the U.S. and abroad. Looking ahead, the company boosted its sales outlook for 2003 to $20 million, up from its prior projection of between $13 million and $15 million in revenue. Taser is now targeting basic earnings per share of $1 per share for the year.
Ihr macht das schon.
Gruss E.
Gruss E.
Herr Gouveneur, bis zu den nächsten Zahlen dauert es noch ne halbe Ewigkeit, am 28.01.04 wird sich erst zeigen, ob die Kooperation Früchte trägt. Bis dahin würde ich jedenfalls halten. Nobodys perfect.
Gruss E.
Edgar Online Inc (NASDAQ NM: EDGR) 1.92 -0.07 ( -3.52%) Data as of 11:42 AM ET 11/25/03
EDGAR Online Reports Positive EBITDA; Professional Subscription Revenue Continues to Increase
- BusinessWire
SOUTH NORWALK, Conn., Oct 28, 2003 (BUSINESS WIRE) -- EDGAR(R) Online(R), Inc today reported continued positive EBITDA and an EPS loss of ($0.03) for the quarter ended September 30, 2003. EDGAR Online is a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use.
EDGAR Online reported revenue of $3.3 million for the quarter ended September 30, 2003, a decrease of 19% compared to the same period last year. Revenue growth in the Company's core subscription business has been offset by a 59% decrease in technical services revenue. This decrease resulted from the loss of approximately $2.2 million in annual consulting revenues from Nasdaq as previously reported in the second quarter of 2003. Seat-based subscription revenue increased 9% from last year primarily due to the sale of over 2,500 seats to its professional EDGAR(R)Online (R) Pro services. At September 30, 2003, the Company had over 27,250 total subscribers. Since inception, the Company's subscription revenues have grown each quarter.
"During the third quarter, we made substantial progress in shifting our focus toward growing annual subscriptions to professionals in the financial services market," said Susan Strausberg, CEO and President of EDGAR Online. "As outlined in our recent product release, we have made extensive additions to our premium EDGAR Online Pro service which we believe will enable us to increase customer acquisition and retention. We are very optimistic that growing this important recurring revenue stream is key to our future as we remain steadfastly focused on our long-term objective of consistent and sustainable growth with high profitability."
Operating Results
Third quarter gross margins remained strong at 85%. Third quarter EBITDA (earnings before interest, taxes, depreciation and amortization) was a positive $128,000 or $0.01 per share, compared to $432,000 or $0.03 per share, for the same quarter last year. The Company's earnings were impacted by the loss of technical services revenue resulting from internal consolidations by Nasdaq. Net loss for the third quarter of 2003 was ($519,000), or ($0.03) per share, compared to a net loss of ($348,000), or ($0.02) per share, in the same period a year ago.
For the nine months ended September 30, 2003, EDGAR Online reported revenue of $11.1 million, a decrease of 9% compared to the same period last year primarily due to a ($807,000) decline in technical service revenues. Gross margins increased to 86% for the nine months ended September 30, 2003 from 83% in the same period last year. EBITDA excluding severance charges for the nine months ended September 30, 2003 was a positive $1.2 million, or $0.07 per share, compared to an EBITDA of $1.4 million or $0.09 per share, for the same nine-month period last year. Severance charges totaling $784,000 were incurred in the first quarter of 2003. The net loss before severance charges for the nine months ended September 30, 2003 was ($828,000), or ($0.05) per share, compared to a net loss before cumulative effect of accounting change of ($935,000), or ($0.06) per share, in the same period a year ago.
At the end of the third quarter, cash totaled $4.3 million, current assets $5.9 million and total assets $19.7 million. In the nine months ended September 30, 2003, the Company generated $1.0 million in operating cash flow.
"Our focus on the financial services market has streamlined the company's operations, increased product development efficiencies and allowed for more targeted sales and marketing," said Greg D. Adams, COO and Chief Financial Officer of EDGAR Online. "During the fourth quarter, we will be adding staff to our existing subscription sales force and will continue to demonstrate the ongoing success we have experienced in driving customers to our EDGAR Online Pro service. We are positioned to execute the key business and financial objectives we have laid out for the Company."
KEY FINANCIAL METRICS
§(in thousands, except per share amounts)
§
§ Three Months Ended Nine Months Ended
§ September 30, September 30,
§ 2003 2002 2003 2002
§ ------- ------ -------- ------
§Seat-based Subscriptions $ 1,502 $1,382 $ 4,410 $ 3,745
§Data Sales 1,169 1,353 3,662 4,156
§Technical Services 423 1,021 2,458 3,265
§Advertising and E-commerce 207 306 601 1,096
§ ------- -------- -------- --------
§Total Revenues $ 3,301 $4,062 $ 11,131 $12,262
§
§Net Loss $ (519) $ (348) $ (1,612) (935)(*)
§Interest Expense, net 27 53 104 200
§ -------- -------- -------- --------
§Operating Loss $ (492) $ (295) $ (1,508) $ (735)
§Amortization and Depreciation 620 727 1,907 2,180
§ -------- ------- -------- --------
§EBITDA $ 128 $ 432 $ 399 $1,445
§EBITDA per share $ 0.01 $ 0.03 $ 0.02 $ 0.09
§
§(*) Before $9.3 million cumulative effect of accounting change for
§ write-down of goodwill in the nine months ended September 30,
§ 2002.
§
In addition to disclosing financial results prepared in accordance with GAAP, the Company discloses information regarding EBITDA. EBITDA is a non-GAAP financial measure defined as earnings before interest, taxes, depreciation and amortization. The Securities and Exchange Commission ("SEC") recently adopted new rules concerning the use of non-GAAP financial measures. As required by the SEC, the Company provides the above reconciliation to net loss which is the most directly comparable GAAP measure. The Company presents EBITDA as it is a common alternative measure of performance which is used by management as well as investors when analyzing the financial position and operating performance of the Company. As EBITDA is a non-GAAP financial measure, it should not be considered in isolation or as a substitute for net loss or any other GAAP measure. Because EBITDA is not calculated in the same manner by all companies, the Company's definition of EBITDA may not be consistent with that of other companies.
Third Quarter Conference Call Reminder
EDGAR Online, Inc. will hold its quarterly conference call to review results for the third quarter on Tuesday October 28, at 5:00 p.m. Eastern Time. Susan Strausberg, President and CEO, and Greg D. Adams, COO and CFO will host the call. To participate, please call: Domestic 800-404-1354, International 706-643-0825. Investors also have the option of calling 800-642-1687 (domestic), or 706-645-9291 (Int'l.), passcode 3043151 for the teleconference replay, which will be available for approximately one week beginning at 7:00 p.m. ET tonight. The call will also be broadcast simultaneously over the Internet at http://www.edgar-online.com/investor.
About EDGAR(R) Online(R), Inc.
EDGAR Online, Inc. (www.edgar-online.com) is a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use. Based in Norwalk, Connecticut, with offices in Maryland and New York City, the Company sells subscription products, data and services to financial institutions, corporations and law firms.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. EDGAR Online, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) changes in general economic and business conditions (including in the online business and financial information industry), (v) actions of our competitors, (vi) the extent to which we are able to develop new services and markets for our services, (vii) risks in connection with acquisitions, (viii) the time and expense involved in such development activities, (ix) the level of demand and market acceptance of our services and (x) changes in our business strategies.
EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission (SEC). EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.
EDGAR Online, Inc.
§ Condensed Consolidated Statements of Operations
§ (in thousands, except per share amounts)
§
§ Three Months Ended Nine Months Ended
§ September 30, September 30,
§ (unaudited) (unaudited)
§ 2003 2002 2003 2002
§ ------- ------- ------- --------
§ Revenues:
§ Seat-based
§ subscriptions $ 1,502 $ 1,382 $ 4,410 $ 3,745
§ Data sales 1,169 1,353 3,662 4,156
§ Technical services 423 1,021 2,458 3,265
§ Advertising and e-
§ commerce 207 306 601 1,096
§ ------- ------- ------- --------
§ Total revenues 3,301 4,062 11,131 12,262
§
§ Total cost of sales 510 653 1,561 2,041
§ ------- ------- ------- --------
§
§Gross profit 2,791 3,409 9,570 10,221
§
§ Sales and marketing 529 590 1,625 1,827
§ Product development 388 609 1,316 1,685
§ General and
§ administrative 1,746 1,860 5,446 5,446
§ Restructuring and
§ severance charges - (82) 784 (182)
§ Amortization and
§ depreciation 620 727 1,907 2,180
§ ------- ------- ------- --------
§ Total operating
§ expenses 3,283 3,704 11,078 10,956
§
§ Operating loss (492) (295) (1,508) (735)
§
§Interest expense, net (27) (53) (104) (200)
§ ------- ------- ------- --------
§
§Loss before cumulative
§ effect of accounting
§ change (519) (348) (1,612) (935)
§
§Cumulative effect of
§ accounting change - - - (9,317)
§ ------- ------- ------- --------
§
§Net loss $ (519) $ (348) $(1,612) $(10,252)
§ ======= ======= ======= ========
§
§Weighted average shares
§ outstanding - basic and
§ diluted 16,915 16,984 16,966 16,909
§
§Loss before cumulative
§ effect of accounting
§ change per share- basic
§ and diluted $ (0.03) $ (0.02) $ (0.10) $ (0.06)
§
§Cumulative effect of
§ accounting change per
§ share - basic and
§ diluted $ - $ - $ - $ (0.55)
§
§Net loss per share -
§ basic and diluted $ (0.03) $ (0.02) $ (0.10) $ (0.61)
§
§ EDGAR Online, Inc.
§ Condensed Consolidated Balance Sheets
§ (in thousands)
§
§ September 30, December 31,
§ 2003 2002
§ (unaudited)
§ ----------- ---------
§ Assets
§
§Cash $ 4,255 $ 5,550
§Accounts receivable, net 1,085 1,562
§Other assets 527 316
§ -------- --------
§ Total current assets 5,867 7,428
§
§Property and equipment, net 1,490 1,693
§Goodwill 2,189 2,189
§Intangible assets, net 9,882 11,135
§Other assets 280 774
§ -------- --------
§ Total assets $ 19,708 $ 23,219
§
§ Liabilities and Stockholders' Equity
§
§Accounts payable and accrued expenses $ 857 $ 1,271
§Deferred revenues 2,102 1,744
§Notes payable and accrued interest 1,918 1,949
§Capital lease payable, current portion - 7
§ -------- --------
§ Total current liabilities 4,877 4,971
§
§Notes payable - 1,878
§Other long term payables 214 -
§ -------- --------
§
§ Total liabilities 5,091 6,849
§ -------- --------
§
§Stockholders' equity:
§Common stock 171 170
§Treasury stock (200) -
§Additional paid-in capital 58,235 58,177
§Accumulated deficit (43,589) (41,977)
§ -------- --------
§ Total stockholders' equity 14,617 16,370
§
§ Total liabilities and stockholders' equity $ 19,708 $ 23,219
§
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