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.