TASER Announces End-of-Year Orders
On Thursday, stun gun maker TASER announced a series of new orders that boosted its unit sales in the last two weeks of 2012.
In one announcement, the company said that it has received orders from eight police departments in Utah for a total of 120 AXONFlex on-officer video cameras, related accessories, and five-year EVIDENCE.com service plans. These orders were in addition to 323 other AXONFlex orders booked by the company in Q4.
A second announcement described orders for more than 2,600 TASER X2 stun guns, and more than 1,000 TASER X26 stun guns, also booked in the final two weeks of 2012. In a statement, the company confirmed receiving and shipping orders for 2,689 TASER X2s and 1,075 TASER X26s in all of Q4. Thus it appears that the majority of the company's sales for the quarter appeared only in the final two weeks of the year.
In a statement, company CEO Rick Smith said that some of these sales were made possible by the company's offering a TASER Protection Plan "which enables agencies to spread payments out over a five-year period."
Precise financial terms of the sales were not disclosed, but TASER said it now expects Q4 revenues to exceed $30 million.
The article TASER Announces End-of-Year Orders originally appeared on Fool.com.
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