Former Homeland Security Stocks Leader - TASR - record revenue - stock up on the opening up about 8%
Is this an indicator for the small caps in the Homeland Security sector ?
TASR was the leader of the pack when the sector gained the favour of the retail small cap investors -
Today TASER International, Inc (TASR) reported -
Third Quarter Revenue of $18.3 Million, $2.4 Million Net Income and $0.04 Basic
Revenues for the third quarter of 2006 were $18.3 million, a 57% increase over the same quarter of the prior year and the third highest quarterly revenues in the Company's history. Income from operations for the third quarter was $3.7 million, a 471% increase compared with $654,000 in the prior year period. Net income and basic and diluted earnings per share for the third quarter were $2.4 million and $0.04 per share. Business also continued to improve sequentially as revenues in the third quarter of 2006 increased by $2.1 million over the second quarter of 2006 and operating margin improved to 20.4% of revenue as the Company continues to improve its operating leverage. The Company generated $3.4 million of cash from operations in the third quarter of 2006 which increased the total cash, cash equivalents and investments balance to $50.5 million. The Company also repurchased 300,000 shares of its common stock at a cost of $2.2 million in the third quarter.