The Effect of Lawsuits: Taser's 4Q Profit Plummets 98 Percent
An AP newswire article, via SFGate.com, reports that:
Stun-gun maker Taser International Inc. reported Wednesday its fourth-quarter profit dropped 98 percent on lower sales and higher expenses, as the company fought lawsuits during the period.
Taser said its quarterly income declined to $92,697, or break even per share, from $4.7 million, or 7 cents per share, a year ago. Sales fell 34 percent to $12.6 million from $19.2 million last year.
posted by Fergie @ 2/22/2006 08:41:00 AM
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