TASER International, Inc. Reports Results For Second Quarter 2008

SCOTTSDALE, Ariz, July 24, 2008 (PRIME NEWSWIRE) -- TASER International, Inc. (Nasdaq:TASR) ("TASER" or "the Company") a market leader in advanced electronic control devices (ECD) today reported financial results for the second quarter of 2008. For the second quarter of 2008 revenues were $21.1 million, a $4.8 million or 18% decrease over the same quarter of the prior year. The decline in sales versus the prior year was the result of lower municipal spending in the U.S. as agencies reassigned budget dollars due to economic constraints, including significantly higher fuel costs than agencies had budgeted previously. In addition, the Company reported several large non-recurring international orders in the second quarter of 2007. Despite decreased revenues, Company operations showed significant improvement as gross margin... [read full story]