Tue, Nov. 24, 9:17 AM
Tue, Nov. 24, 9:10 AM
Wed, Nov. 18, 11:47 AM
- Believing shares are undervalued after having fallen over 50% from a June peak of $35.95, Ladenburg Thalmann's Glenn Mattson has upgraded Taser (NASDAQ:TASR) to Buy, and set a $24 target.
- Mattson: "We believe the stock's decline is a result of falling earnings expectations related to higher opex, growing competition in the on-officer video market, as well as a decline in the rate of growth for the weapons segment." He considers the issues priced in, notes Taser's weapons business still generates solid cash flow, and considers its major body camera investments justifiable, given their potential to yield "a steady stream of revenue from video."
- Shares are two weeks removed from plunging in response to Taser's mixed Q3 report. They remain down 30% YTD, after having soared in the second half of 2014 thanks to body camera enthusiasm.
Wed, Nov. 18, 9:15 AM
Wed, Nov. 11, 4:56 PM
- "[W]e believe recent challenges by a competitor to our VULink patent (specifically the automatic triggers covered by the patent) caused confusion and concern within our marketplace, our customer base and among potential customers," says Digital Ally (NASDAQ:DGLY) CEO Stanton Ross in the Q3 report.
- In September, Taser (NASDAQ:TASR) stated the USPTO had rejected all 20 claims in DGLY's '292 patent (USPTO filing), whose automatic trigger covers the ability of body cameras and in-car video systems to begin automatically recording without being manually turned on by an officer. DGLY responded by noting the USPTO hasn't made a final determination regarding the patent, and that the reexamination process is far from over.
- Q3 details: Revenue rose by $400K Y/Y to $5.1M, but fell by $500K Q/Q. Gross margin fell to 40% from 54.9% in Q2 and 52.8% a year ago; a camera cable connector upgrade for the FirstVU HD body camera (led to $850K in scrap costs) is blamed. SG&A spend rose 19% Y/Y to $4.2M.
- DGLY ended Q3 with $7.8M in cash thanks to the $11.2M in net proceeds received from a July stock/warrant offering. Shares have plunged to $5.65 after hours.
- DGLY's Q3 results, PR
Wed, Nov. 4, 2:50 PM
- Barry Rosenstein's Jana Partners refers to Taser (TASR -1.3%) as "a provider of body cameras that we think has much more limited market potential than consensus expectations," in a new letter.
- After previously spending the day higher, shares have turned negative. They fell yesterday after Taser posted mixed Q3 results.
Tue, Nov. 3, 12:48 PM
Mon, Oct. 26, 9:33 AM
- Taser (TASR +4.7%) announces a new partnership with Microsoft that will combine the capabilities of the Azure cloud platform and Windows 10 devices with the company's Axon Platform and Evidence.com solution.
- The two will create an integrated approach for capturing and managing evidence to support law enforcement and criminal justice officials in an efficient, low-cost environment.
Mon, Oct. 26, 9:15 AM
Tue, Oct. 20, 12:28 PM
- Motorola Solutions (MSI +0.9%) has unveiled two devices - the Si500 and Si300 - it claims are the first to integrate a body camera, a radio speaker, and microphone. The Si500 has a 210-degree range-of-motion lens, an adaptive audio engine, a 3.2" display, and built-in Wi-Fi/Bluetooth.
- Also launching: A cloud-based video evidence storage/management solution known as CommandCentral Vault. Motorola promises a "highly streamlined ability to search, review, annotate and perform other evidence management," as well as "an industry-leading auto-redaction feature to help public safety agencies remove identities of individuals in videos seamlessly." It's also partnering with Adobe to integrate the product with Adobe's Creative Cloud and Marketing Cloud platforms.
- Taser (TASR -7.8%) and Digital Ally (DGLY -5.4%), both of whom have seen interest in their body camera and evidence management offerings jump over the last 14 months in the wake of the Ferguson unrest, are selling off.
Wed, Sep. 2, 8:06 AM
Thu, Jul. 30, 2:34 PM
- In a storyline that Facebook can relate to, Taser (NASDAQ:TASR) is selling off in spite of posting a moderate Q2 beat, thanks to the high expectations priced into shares following a big 12-month rally.
- Weapon sales rose 15.8% Y/Y to $37.8M, with a $7.5M increase in smart weapon sales offsetting a $3.1M drop in sales of the legacy X26 CEW (discontinued at the end of 2014). Axon body camera/cloud evidence storage sales rose 97.5% to $8.9M - camera sales rose by $1.7M, and services revenue by $2.1M. Axon/Evidence.com bookings rose 170% to $30.6M.
- Gross margin rose 340 bps Y/Y to 65.8%, with Axon segment GM rising to 47% from 26.7%. SG&A spend rose 14% to $15.4M, and R&D spend 74% to $5.9M.
- Q2 results, PR
Tue, Jun. 30, 1:56 PM
- Fresno, CA's police department has placed an order for 300 Taser (NASDAQ:TASR) Axon body cameras, along with a 5-year subscription to the company's Evidence.com video storage/file-access service. The order was placed and shipped in Q2.
- Dallas, Louisville, and London have also recently placed large Axon orders. Taser is up over 3x from a July 2014 low of $10.46, hit before the Ferguson unrest led interest in law enforcement body cameras to surge.
Thu, Jun. 18, 8:23 AM
Mon, May 18, 10:23 AM
- Panasonic (OTCPK:PCRFF) has launched the Arbitrator BWC, a law enforcement body camera supporting 720p recording, a 130-degree camera angle, and Wi-Fi video offloading. Like rival offerings, it's accompanied by an evidence management system for storing/accessing recorded content, and integrates with a complementary in-car video system.
- Body camera makers Taser (TASR -3.6%) and Digital Ally (DGLY -4.6%) are selling off. DGLY is now down 18% since releasing its Q1 numbers on Wednesday afternoon.
- Panasonic launched its first law enforcement body camera, the WV-TW310, in 2012.
Tue, May 12, 7:46 AM
- Taser (NASDAQ:TASR) moves higher premarket after announcing the receipt of an order from the Louisville Metro Police Department.
- The deployment will include 988 Axon Flex body-worn cameras with Evidence.com and MediaSolv solutions.
- Last week, Taser acquired MediaSolv to unify existing silos of digital media and evidence.
- TASR +1.3% premarket
Taser International Inc develops, manufactures & sells conducted electrical weapons ('CEWs') designed for use in law enforcement, military, corrections, private security & personal defense. Its manufacturing facilities are located in Scottsdale, Arizona.
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