TASER International, Inc. (NASDAQ: TASR) is soaring this morning after receiving and shipping three significant orders in December 2009. This now puts revenues above expectations at approximately $32 million for the quarter versus $28.7 million consensus. The 2009 figure does include approximately $3.5 million of revenue deferred in Q3 2009 relating to the TASER X3 trade in program.
- The first order for 2,250 ADVANCED TASER(R) M26 Electronic Control Devices and related accessories for the Brazilian Ministry of Justice.
- The second order was for the Philadelphia Police, PA, for 1,000 TASER(R) X26(TM) ECDs and related accessories.
- The third order was for the Chicago Police Department, IL, for 386 TASER X26 ECDs and related accessories.
Shares are up 11.2% at $5.23 on 557,000 shares as of 9:38 AM EST. That makes this already above the full daily volume in 8 minutes as teh average volume is 453,000 shares, and the 52-week trading range is $3.11 to $5.88.
JON C. OGG
January 6, 2010
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