Houston Police Top TASER Stun Gun Sales Announcement
In its latest update on stun gun sales, TASER International reported Monday that it's booked several new orders for its eponymous stun guns. These orders are expected to ship in Q3 and Q4 this year, with revenues likewise showing up in Q3 and Q4 financial results. Specifically, TASER has sold:
- 2,188 TASER X2 smart weapons to the Houston Police Department
- 90 X2s to the Riviera Beach Police Department in Florida
- 80 X2s to the Chesterfield County Police Department in Virginia
- 200 TASER X26P smart weapons to the U.S. Forest Service
- 150 X26Ps to the DeKalb County Police Department in Georgia
- 80 X26Ps to the Jacksonville Sheriff's Office in Florida.
Additional sales of X2s, X26Ps, and TASER CAM HDs -- presumably orders of less than 20 units each as those do not ordinarily get broken out in press releases -- were booked to law enforcement customers in Arizona, Arkansas, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Texas, Virginia, Washington state, and Wisconsin.
TASER noted that Houston is paying $2.8 million for initial shipments of TASERs. "The probability, amount, or dates of future purchases are unknown," said TASER, but today's announced sale replaces only half of the TASERs Houston already has in stock, and do not increase the number of weapons in the police department's arsenal. Furthermore, TASER notes that the Houston City Council has approved purchases (including today's announced purchase) of $9.5 million worth of the company's smart weapons over the next five years. TASER says there are 300,000 TASER weapons in the field that are "beyond the expected useful life of five years that would benefit from upgrading to TASER's new Smart Weapon technology."
As for the other orders, financial details were not disclosed, but at advertised list prices (for those products for which prices are listed), their value would appear to add at least $700,000 to the tally from the Houston sale.
The article Houston Police Top TASER Stun Gun Sales Announcement originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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