Financial Accounting Blog

Tuesday, February 03, 2004

MSNBC reports investors scrambled to cover their mistaken bets that Taser International Inc. shares were headed lower as the company reports higher earnings.
The Scottsdale, Arizona-based maker of less-lethal weapons said earnings rose to $2.8 million, or 56 cents per share, compared with $67,498, or 2 cents per share a year ago.

The earnings-per-share calculations include $449,000 of deferred revenue generated in the second and third quarters of 2003 as part of a trade-up program for the company’s Taser X26 weapon system, the company said.