TASER International Inc. (TASRE)

TASER International, Inc. engages in the development and manufacture of nonlethal self-defense devices. Its devices utilize compressed nitrogen to project two small probes of approximately 25 feet at a speed of approximately 160 feet per second. These probes are connected to its device by insulated wire. The probes and compressed nitrogen are stored in a replaceable cartridge attached to the base of the device. The company sells its products primarily for use in the law enforcement, military, private security, and personal defense markets worldwide. TASER International was co-founded in 1993 by Rick and Tom Smith. It was formerly known as ICER Corporation and changed its name to AIR TASER Inc. in 1993. Further, the company changed its name to TASER International, Incorporated in 1998 and to TASER International, Inc. in 2001. TASER International is headquartered in Scottsdale, Arizona.

For the nine months ended 30 September 2005, TASER International, Inc.'s revenues decreased 28% to $35.1M. Net income decreased 93% to $948K. Revenues reflect reduced sales of the Advanced TASER product line & negative publicity surrounding the products. Net income also reflects lower gross profit margins, higher selling, general & administrative expenses, increased research & development costs and the inclusion of interest expense.