Taser International reports increase in revenue, drop in income - Phoenix Business Journal:

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The Scottsdale-based manufacturer of electronic stun guns reported a net lossof $467,759 for the quartere ended March 31. That rivals the $1.2 million profit for the same time last The loss was basedon $24.6 million in revenue for the up from $22.4 million the previous year. Officialxs attributed the loss to more moneyt spent in operations and researchand development, according to the company’sd filings with the U.S. Security and Exchange Commission.
Some of that expanded R&D fundingb resulted in new products launched during the first includingthe company’s AXON system, which provides audio and videi recording for officers, and its Shockwavre platform, designed as a security It also launched the Evidence.com Web designed to serve as a storaged center for law enforcement data. “Over the past year, we have recruitex a world-class Internet services and softwaredevelopmentr team,” said Rick Smith, the company’es CEO, in a statement.
“Together with our proven hardwaredevelopmeng team, they will help transform our companh to a full solutions provider, greatl y expanding our total available market opportunities in both revenu e and by market segment.”