FREE e-Newsletter
Important News - Hot Topics
Get them Now!

Cobalt Software Platform - Mark43
Mark43's Cobalt software platform unites a set of law enforcement tools securely...

Legally Defensible Training Records

Ask The Expert

Ari Vidali

CEO and Founder of Envisage Technologies

No upcoming webinars scheduled

Top News

X2 Sales Boost TASER International's Performance

February 28, 2013  | 

TASER's X2 CEW. Photo courtesy of TASER.
TASER's X2 CEW. Photo courtesy of TASER.

TASER International released a fourth-quarter 2012 financial report last week that showed business at the world's leading manufacturer of conducted energy weapons (CEWs) for law enforcement was on the upswing.

The publicly traded TASER (NASDAQ: TASR) recorded sales of $32.1 million in the fourth quarter of 2012, a 50.6% increase over the company's fourth quarter 2011 tally of $21.3 million. A company statement credited the performance to the new TASER X2 CEW, and the TASER Protection Plan, which aids law enforcement agencies in upgrading their CEWs.

Agencies buying the TASER X2 during the quarter included the Phoenix Police Department, Tempe (Ariz.) Police Department, Cleveland Police Department, Knox County (Tenn.) Sheriff's Office, Washtenaw County (Mich.) Sheriff's Department, Cobb County (Ga.) Police Department, and Baton Rouge Police Department.

Overall 2012 was an excellent year for TASER. The company's unaudited consolidated statements of operations show a net income of $14.7 million vs. 2011's loss of $7.0 million. The company attributes the 2011 performance at least partially to a $3.7 million excess inventory charge involving the X3 CEW and the first generation of AXON on-body video products.

TASER says strong sales of the X2 CEW helped propel the company to a 2012 profit. "The X2 Smart Weapon continued to show strong growth in the fourth quarter, which is evidence of the success of our upgrade program," said company CEO Rick Smith in a prepared statement. "With the release of the X26P Smart Weapon [in the first quarter of this year], we anticipate even more agencies will take advantage of our upgrade programs in 2013."

Quarter four of 2012 also saw some momentum begin to build in the on-body video and evidence software sectors of TASER. "Bookings [for AXON Flex and EVIDENCE.com] continued to trend upward this quarter, growing 26.8% sequentially from the third quarter," Smith said.

Request more info about this product / service / company


Be the first to comment on this story





POLICE Magazine does not tolerate comments that include profanity, personal attacks or antisocial behavior (such as "spamming" or "trolling"). This and other inappropriate content or material will be removed. We reserve the right to block any user who violates this, including removing all content posted by that user.

Other Recent News

New TASER Axon Signal Sidearm Alerts Body Cams From Holster
TASER International today announced the release of Axon Signal Sidearm. This is the first...
Vigilant Solutions LPR Adds 'Extra Set of Eyes' to Improve Sobriety Checkpoint Operation
A Midwest police department that deployed Vigilant's license plate recognition (LPR) in a...
Point Blank Enters Surveillance Vehicle Market with Iris Covert Product Line
Point Blank Enterprises has announced its entry into the surveillance vehicle market with...
NYPD Plans to Outfit All 23,000 Patrol Officers With Body Cams
New York City police plan to put body cameras on all 23,000 of its patrol officers by...

Get Your FREE Trial Issue and Win a Gift! Subscribe Today!
Yes! Please rush me my FREE TRIAL ISSUE of POLICE magazine and FREE Officer Survival Guide with tips and tactics to help me safely get out of 10 different situations.

Just fill in the form to the right and click the button to receive your FREE Trial Issue.

If POLICE does not satisfy you, just write "cancel" on the invoice and send it back. You'll pay nothing, and the FREE issue is yours to keep. If you enjoy POLICE, pay only $25 for a full one-year subscription (12 issues in all). Enjoy a savings of nearly 60% off the cover price!

Offer valid in US only. Outside U.S., click here.
It's easy! Just fill in the form below and click the red button to receive your FREE Trial Issue.
First Name:
Last Name:
Rank:
Agency:
Address:
City:
State:
  
Zip Code:
 
Country:
We respect your privacy. Please let us know if the address provided is your home, as your RANK / AGENCY will not be included on the mailing label.
E-mail Address:

Police Magazine