Taser International Inc., a leading Conducted Electrical Weapons used by law enforcement, military and security around the world, released their quarterly earnings for 2014 at $37.2 million, a 13 percent decline resulting from higher expenses in sales, general and administrative category. However, since they have entered the wearable technology and digital evidence management game, they did see a boost in sales in their AXON® cameras, EVIDENCE.COM AND TASER CAM HD recorders.
One city helping out with the sales is the Mesa Police Department, they received approval to purchase 300 AXON body-worn cameras and a subscription to EVIDENCE.com, allowing them to upload their footage after each shift. During the one-year pilot program, the officers experienced a 40 percent decrease in complaints and 75 decrease in use of force complaints. TASER also noted in their report that Gilbert and Peoria police departments are too adopting the technology.
Read: TASER authorizes stock buy-back program
“We hit another milestone this quarter by nearly doubling EVIDENCE.com and AXON bookings sequentially to $11.3 million,” stated Rick Smith, TASER’s CEO. “The positive momentum in the law enforcement market towards wearable technologies and cloud solutions is continuing to build, further encouraging our investment in and passion to grow this business.”
Moving forward, Smith said that TASER intends to “…continue to invest in R&D initiatives related to our next generation technology products, as well as to develop innovative new features for existing video and weapons products.”
For AZTB’s past coverage of TASER International click here
Contributions from AP
