Taser reports 4Q loss on sales decline

AP News
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Posted: Feb 23, 2011 12:48 PM
Taser reports 4Q loss on sales decline

Taser International Inc. said Wednesday it posted a fourth-quarter loss on a downturn in sales because of lower demand from law enforcement and military customers.

The electric-shock device maker reported Wednesday that it lost about $197,000, or break-even per share , for the three months ended Dec. 31 compared with net income of $4.4 million, or 7 cents per share, a year ago. Revenue fell 34 percent to $22.9 million from $34.5 million.

For the full year, the company reported a net loss of $4.4 million, or 7 cents per share, compared with a net loss of $1,106, or break-even per share, in 2009. Revenue fell to $86.9 million from $104.3 million.

Its shares fell 14 cents, or 3.4 percent, to $4.03 in morning trading.